Zero Hedge

Zero Hedge - 17b

Latest Articles

California Teachers Deliver Abysmal Performance Compared To Other States

Authored by Grace Carr via The Daily Caller,California may be a hub for business and technological advancement, but its teachers aren’t matching the success of the state’s entrepreneurs. A new 2017 survey on teacher effectiveness shows that California teachers are delivering grades just shy of ...

WTI/RBOB Shrug At Bigger Than Expected Crude Draw

WTI/RBOB faded back from yesterday's Libya pipeline headline-driven exuberance ahead of tonight's API inventory data. A bigger than expected crude draw held WTI prices steady but RBOB faded very modestly after API showed a notable gasoline (and distillates) build. API Crude -6mm (-3.75mm...

The Great Recession 10 Years Later: Lessons We Still Have To Learn

Authored by Robert Bruner, op-ed via TheHill.com,Ten years ago this month, a recession began in the U.S. that would metastasize into a full-fledged financial crisis. A decade is plenty of time to reflect on what we have learned, what we have fixed, and what remains to be done. High on the ...

Tax Plan Jitters Cause Sudden Collapse In Manhattan Apartment Prices In 4Q

Apparently the combination of a massive flood of excess supply in the form of new luxury developments and a Trump tax plan that penalizes people living in expensive cities by capping SALT, mortgage interest and property tax deductions was simply too much for the Manhattan real estate market to ign...

In An Unexpected Outcome, Trump Tax Reform Just Blew Up The Treasury Market

Over the past week we have shown on several occasions that there once again appears to be a sharp, sudden dollar-funding liquidity strain in global markets, manifesting itself in a dramatic widening in FX basis swaps, which - in this particular case - has flowed through in the forward discount...

Squeezing The Consumer From Both Sides

Authored by 720Global's Michael Lebowitz via RealInvestmentAdvice.com,The Federal Reserve raised the Federal Funds rate on December 13, 2017, marking the fifth increase over the last two years.  Even with interest rates remaining at historically low levels, the Fed’s actions are resulting in ...

Obama & Hillary "Most Admired" Man & Woman For 10th Year In A Row

Former President Barack Obama is America’s “most admired man” for the 10th consecutive year, according to new survey data from Gallup, and perhaps even more surprising, Hillary Clinton was named the most admired woman for the 16th year in a row. As Gallup notes, the pair retain their titles this year...

Trump To Rollback Deepwater Horizon Regulations

Authored by Nick Cunningham via OilPrice.com,The Trump administration is hoping to slash regulations on offshore oil drilling that were implemented after the 2010 Deepwater Horizon disaster that killed nearly a dozen people and led to an oil leak that spewed for months. According to the Wall Stre...
Related Articles

YES BANK Photo 2018-06-07 04:43

Rana Kapoor, MD & CEO, YES BANK - “RBI’s unanimously delivered 25bps hike has been balanced with a neutral stance, reinforcing MPC’s alacrity to retain inflation within its 4.0% target amidst hitherto buildup in price pressures led by crude prices. The rate action comes at a time when economic recovery now appears to be on a firmer footing. This stance allows RBI the choice to act in accordance with evolving macro and financial conditions, in both global and domestic economy in the coming months. Amidst many moving parts, this will entail a careful balancing of global headwinds from elevated crude prices, geopolitical tensions, and domestic policies of MSPs, state pay commissions on growth-inflation dynamics.” #RBIPolicy