by Rachel Stockman
Here is the bottom line about the U.S. Department of State’s Office of Inspector General’s Report regarding the use of email by the Secretary of State’s Office: It does not look good for Hillary. Not just in the political sense, but in the legal sense as well. The pundits seem concerned that Clinton refused to be interviewed by OIG investigators. Sure it’s troubling, but she’s involved in a FBI investigation, and her attorneys likely advised her not to talk. That’s not the issue.
In addition, conservatives have said over and over again that the difference between Clinton’s email usage and that of former Secretary of State Colin Powell is that she had a private server. But again, the pundits are missing the point. The fact that she kept a server made it worse, but both Clinton and Powell clearly violated federal record keeping rules by not turning over copies of their emails when they left office.
Continue Reading at LawNewz.com…
by Wolf Richter
Another Blistering Merger Fail, but Wall Street wins again.
Microsoft entered the final-final or pre-final-final episode of its Nokia saga. Its press release on Wednesday explained that it would “streamline” its smartphone hardware business. It would throw in the towel on smartphones for consumers and try to carve out a niche in corporate smartphones. It would be accompanied by more bloodletting.
With its usual big-money genius, Microsoft had acquired Nokia’s mobile-phone business and patents In September 2013. Nokia’s credit rating was junk. Its market share had collapsed. It had lost over $4 billion the prior year. But its smartphones were using the Windows Phones operating system.
Continue Reading at WolfStreet.com…
from Zero Hedge
It’s official: years of warnings that Obamacare will lead to dramatic increases in healthcare premiums are about to be validated.
As the WSJ writes, big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases for individual plans sold through insurance exchanges in more than a dozen states.
To be sure, we have extensively covered the imminent danger of rising healthcare prices as a result of Obamacare’s intrusive intervention in the insurance sector; however now that this is about to become mainstream information, we expect consumers to hunker down and save even more in anticipation of what is about to be a shock price increase for millions of middle-class American families.
Continue Reading at ZeroHedge.com…
by Jeff Berwick
Throw every “norm” out the window. This Keynesian, central banking world has everything so distorted that nothing makes sense anymore.
There are currently more than $7 trillion in bonds, worldwide, offering a negative interest rate. Wrap your head around that! People are actually paying trillions of dollars to give their money to mostly bankrupt governments with the promise they will receive less at a later date.
Treasury Bonds used to be described as having a “risk-free return.” Now they are “return-free risk”.
This system is so backwards, inside-out, manipulated and bankrupt that what once used to be seen as “prudent and sound” is very obviously risky.
Continue Reading at DollarVigilante.com…
by Karl Denninger
This is an outrage…
LONDON (Reuters) – People with diabetes should be offered gastric surgery as a standard treatment option which could help control it for years without medication, the world’s leading diabetes groups said.
A joint statement from a 45-strong group said on Tuesday that bariatric, or metabolic, surgery could have a significant benefit for hundreds of thousands of patients worldwide, which they said represented one of the biggest shifts in diabetes treatment guidelines since the advent of insulin.
Look folks, bariatric surgery is a last resort sort of thing. Beyond the (very real) risk of immediate complications that can kill you outright it always dramatically interferes with absorption of nutrients in your food.
Continue Reading at Market-Ticker.org…
by Andrew Hoffman
It’s Thursday morning, and this will be my last article before the long holiday weekend. That said, there’ll be plenty to “study” over the next four days, care of this link to the entire, nearly three-hour proceedings of last week’s Houston “Q&A Rap Session” with myself and Miles Franklin’s President and Co-Founder, Andy Schectman – hosted by one of the true “good, smart people” in this business, Daniel Ameduri of Future Money Trends. In it, essentially every topic you can imagine is covered – all of it, with no strings attached. As was the case at previous sessions in Denver, Minneapolis, Phoenix, and Ft. Lauderdale; and will be so at our Chicago session on June 24th (email me at firstname.lastname@example.org if you’d like to attend).
As for today’s situation, never before has such a perfect storm of “PM-bullish, everything-else-bearish” news flow prevailed – amidst, care of historic market manipulation, record-high financial “asset” valuations, and record low valuations of real money. I mean, how much more blatant can it be that since last year’s “Eastern Point of No Return,” the Chinese government has been utilizing the “hail mary” algorithm to protect its markets?
Continue Reading at MilesFranklin.com…
by Allister Heath
It is far from over for the Leave side. The received wisdom in Westminster is that the outers are all but finished, and that the only question now is how badly they will be thrashed. That’s nonsense. With four weeks left, and the Government now banned from deluging us with its taxpayer-financed propaganda under the purdah rules, anything remains possible.
But the Leave campaign faces an increasingly difficult dilemma: as a broad Left-Right independence coalition, whose members disagree on just about everything other than the need for self-governance, it is finding it tricky to articulate a strong macroeconomic case for Brexit.
This is becoming a major issue, especially for more prosperous, middle-class, centrist and Tory-leaning voters in London and across the country who are craving reassurance that it’s safe to vote for Brexit.
Continue Reading at Telegraph.co.uk…
by Mark O’Byrne
Gold prices are likely to rise above $1,900/oz in the next phase of the bull market and investors should “get in now,” Chief Market Analyst of the Lindsey Group, Peter Boockvar told CNBC’s “Futures Now” yesterday.
[…] “This is just the beginning of a new bull market in the metals,” Boockvar believes.
Ultimately, Boockvar believes that the 2011 highs of around $1,900 for gold are not only reachable, but surpassable, as he reasoned that bull markets historically exceed the previous bull market peak at some point.
As Boockvar sees it, it’s just a matter of when.
Continue Reading at GoldGore.com…