Focus On The Facts – 11.13.17

Guest was investigative journalist Patricia Negron and my partner in crime in taking down the Global Pedophile Network. We covered the latest details on the destruction of the Network – from the Hollywood celebrities to the Vatican to the politicians in Washington and Saudi Arabia to the journalists and reporters in the MSM and the indictments issued for the arrest …

Pam Martens and Russ Martens – Wall Street Today: Fake Accounts, Fake Money, Fake Courts, Fake Regulators

Last Thursday, the Consumer Financial Protection Bureau (CFPB) announced that Wells Fargo was paying $185 million in fines and penalties for allowing its employees to open “more than two million deposit and credit card accounts” that were not authorized by its customers. The employees were attempting to “hit sales targets and receive bonuses.” In one of the most audacious forms of …

Charles Hugh Smith – A Psychiatric Diagnosis of the U.S. Market: Schizophrenic Disconnect From Reality

If you think a delusional market is healthy, it’s time for a psychiatric exam. What diagnosis would an experienced psychiatrist offer when presented with the bizarre behavior of the U.S. stock market? We assume that the wild mood swings of greed and fear are “normal” for markets devoted to short-term profit and speculation, but the stock market’s disconnect from reality is …

Richard Smith – Anyone Want to Buy Deutsche Bank?

Serial capital raiser Deutsche Bank (which tapped the markets first here in 2008 and then, oopsie, we’re still a little bit short of the readies again here in 2014) is telling anyone who’ll listen that it really doesn’t need any more capital. But who knows? Over to Deutsche’s regional head of Group Audit: Mr Roesch, the regional head of Group Audit, set out, in an …

LOA Today – 11.05.15

Last week’s guest, Joel Elsten, has been on the show twice before. I had him on last week to discuss his new book, The Bench, available at Amazon, Barnes & Noble, and other fine bookstores.
This week, as promised, we go back in time to my first interview with Joel from December 2012, in which he tells me the story of how he ended up eating from that dumpster in the first place. It’s a story of how one man fell to rock bottom, then managed to claw his way back up to heights he never previously dreamed of.

DAVID RANDALL – Investors brace for stocks to fall again ahead of earnings

The global market volatility of the past month that sent U.S. stocks to their worst quarter in four years shows no signs of letting up just because the calendar turned to October. Investors say they are bracing for another leg down in the S&P 500 stock index despite its positive showing last week by increasing cash and other defensive positions …

BySean McElwee – What If We Reported On Poverty The Way We Report On The Stock Market?

“The media is biased,” is a complaint that media organizations receive a lot, so they tend to be fairly wary of overtly partisan reporting. However, while media organizations are loath to seem partisan, they are often deeply unaware of other deep biases they hold. One psychological bias humans suffer from is the “availability heuristic”—a tendency to generalize based on our …

Pam Martens and Russ Martens – Chinese Stocks Crash Overnight; Will We See Another “Glitch” in New York

Despite unprecedented efforts by the Chinese government to stem the rout in the Chinese stock market that had shaved as much as $4 trillion from share prices before the government’s interventions this month and last, the Shanghai Composite closed down 8.48 percent today at 3,725.558. The overnight rout has raised speculation in some quarters as to whether we are going …

The New York Stock Exchange goes down: inside the dystopian aftermath – Molly Crabapple

I wake up from my whiskey stupor to the scent of burning motherboards, and I know that something is wrong. Out the window in New York’s Financial District, two men in torn bespoke suits roast a body over an oil drum. It looks like Thomas Friedman’s, but I can’t be sure. “Brother can you spare a bitcoin?” one screams. In …