5 Things You May Not Know
Today is the eight year anniversary of Lehman Brothers filing for Chapter 11 bankruptcy protection in what still is the largest bankruptcy filing in US history. It is said that this default started the maniacal Bernanke’s and then the rest of the world’s dive into the depths of easy money, easier money and yet to see, easiest money world. Despite the thousands of times that central banks have teased escaping from this assinine policy, they refuse to stop and in fact, have only come up with more and more easy money stupidity. By estimate, since Lehman, central banks have cut rates more than 670 times. And yes, this does not include printing of money, buying up markets and all that crap. But there is no bubble.
Mexico is building a wall…ON ITS SOUTHERN BORDER. No really. They are. And guess who is helping pay for it. Yup…President Obama is now a racist as he is helping keep Central Americans out of Mexico as we are sending about $75 million of equipment and training for the wall. Don’t you love people. Of course, this is not a headline nor is it being reported in the U.S.
Ford is moving all small car production to Mexico. So far, crickets from the UAW. Politics anyone?
The NY AG who dislikes Donald Trump and who backs Hillary Clinton is now opening an investigation on Trumps foundation…just 55 days before the election but media doesn’t think this is political and the AG says nothing here to see. This same NY AG has no interest in the Clinton Foundation.
Apple’s pre-orders much much much better than expected. Apple stock just broke above mid-level range as the Samsung issue helps out also.