It is the 21st of November 2019

News

Liberals Behind "The Young Turks" And Vice Apologize For Blatant Sexism

The founders of two liberal news outlets found themselves apologizing over sexist remarks and a "boy's club" environment filled with sexual harassment. Cenk Uygur, creator and host of popular liberal news show, The Young Turks (TYT), apologized last week for a series of now-deleted blog and social media posts from the early 2000s, published by The Wrap. 

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Yield Curve Crushed To 10 Year Lows As Stocks Signal Trump-Tax-Plan Won't Pass

The bond market's reaction to the Trump Tax Plan...

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What Bubble? Sacramento Housing Development Selling $425,000 Pads With No Money Down

There were plenty of bad actors that contributed to the housing crisis in 2009...the banks that underwrote mortgages for people that they knew couldn't afford the home they were buying and then turned around and sold those loans to unsuspecting insurance companies via RMBS structures...the high school janitor making $50,000 a year who suddenly figured he could afford a $750,000 home...the 22-year-old Las Vegas stripper who took out millions in mortgages so she could make "easy money" flipping homes...there was plenty of blame to go around. 

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Gun Stocks Soar On Report Trump Set To Ease Export Rules

In a week in which the MIC already scored big with Monday's sale of Orbital, today it was the NRA's turn to rejoice, when gun stocks soared on a Reuters report that the Trump administration was preparing "to make it easier for American gun makers to sell small arms, assault rifles and ammunition" to foreign buyers. The stocks of Ruger, Smith & Wesson and American Outdoor brands have all soared by as much as 18% on the news.

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Toys "R" Us To File Bankruptcy Any Minute; Bonds Crash

Over the weekend, we reported that vendors to iconic toy retailer Toys "R" Us had halted shipments over payment concerns and/or getting their receivables crammed down alongside other unsecured claims ahead of what appeared to be an imminent bankruptcy. Well, they were right, and according to Bloomberg a Chapter 11 filing by Toys "R" Us is to be expected as soon as tonight.

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