McDonalds Responds To Minimum Wage Hikes, Launches McCafe Coffee Kiosk

Submitted by Tyler Durden on 04/06/2016 - 12:55
With a $15 minimum wage becoming a reality across most states, McDonalds is increaingly thinking of next steps...  such as the zero wage McCafe Coffee Kiosk.

Why "The Fed Can't Save Us": The Simple Explanation From Austrian Business Cycle Theory

Submitted by Tyler Durden on 04/06/2016 - 13:30 Will the Fed be able to keep the game going? In a word, no. We’ve already seen that even the tiniest of interest rate hikes has gone hand in hand with a huge drop in the markets. Furthermore, the Fed’s subsidies to the banks are now on the order of $11 billion annually, but if they want to raise the fed funds rate to, say, 2 percent, then the annual payment would swell to more than $40 billion.

Goldman Refuses To Stop Crushing Its FX Clients: "We Hold To Our Dollar Bullish Call"

Submitted by Tyler Durden on 04/06/2016 - 13:10 So after having been dead wrong on the reaction to the USD during three out of the past three major central bank announcements, has Goldman's FX strategist Robin Brooks finally thrown in the towel on his ongoing, and wrong, strong USD call? Not at all. Here is his latest note title "Check Please, Chair Yellen", in which he says "In line with our Fed view, we hold to our Dollar bullish call."

Which American States Have The Most Billionaires

Submitted by Tyler Durden on 04/06/2016 - 11:58 Now that the topic of billionaire migration is suddenly all the rage, we decided to find out in which US states America's 540 billionaires are to be found. The answer is shown in the chart below.

Squeezed By Rivals, Al Qaeda Fights To Stay Relevant

Submitted by Tyler Durden on 04/06/2016 - 12:52 A string of unusual attacks by al Qaeda's North African branch could shed some light on the jihadist group's latest predicament. Pressure is mounting on al Qaeda in the Islamic Maghreb (AQIM) to counter the Islamic State's growing encroachment on its territory, resources and pool of recruits. The rise of an effective rival for the helm of global jihadism has forced al Qaeda to step up its game, especially in areas where it has been weakened.

Valeant Has Biggest Daily Surge Since 2005 On Bill Ackman's Soothing Comments

Submitted by Tyler Durden on 04/06/2016 - 12:11 Having been crushed by his Valeant exposure, today there was finally some good news for the embattled hedge fund manager. Speaking on an investor conference call Ackman said Valeant is now on track to deliver its delayed 10-K by month end which will likely give the company a shot in the arm because investors will look at the company anew.

Rothschild Humiliates Obama, Reveals That "America Is The Biggest Tax Haven In The World"

Submitted by Tyler Durden on 04/06/2016 - 11:45 "In a draft of his San Francisco presentation, Rothschild’s Penney wrote that the U.S. "is effectively the biggest tax haven in the world." The U.S., he added in language later excised from his prepared remarks, lacks “the resources to enforce foreign tax laws and has little appetite to do so."

Active Managers Just Had Their Worst Quarter In 18 Years: Here's Why

Submitted by Tyler Durden on 04/06/2016 - 11:35 According to BofA's Savita Subramanian, just 19% of funds outperformed the S&P 500 in the 1Q. According to the bank, this was the the lowest quarterly hit rate in our data history spanning 1998 to today. The average fund lagged by 1.9ppt, marking a record spread of underperformance. Even worse, growth funds saw only a 6% hit rate, the worst since at least 1991.  According to BofA, "the average fund lagged by the widest margin we have recorded in our quarterly data: - 3.5ppt."

PALIN TO SUE AZEALIA BANKS OVER TWITTER THREATS

[Ed.Note: Offensive language]
from The Daily Sheeple:

Some people don’t realize what satire is. Those people include female rapper Azealia Banks.
A satire piece falsely attributing quotes to Sarah Palin riled up Banks who took to Twitter to declare that Palin should be gang raped and worse.
The false quotes included lines like: “I’m telling you, I’ve been saying it for years, but nobody’s listening – slavery wasn’t forced onto African-Americans, they accepted it willingly.”
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George Soros’ Anti-Kremlin Info Laundering Backfires On Clinton, Cameron

from The News Doctors:

The Soros-funded framing of the document release aimed to smear Putin, but did more to expose the collusion of Hillary Clinton, David Cameron, and other Western scam artists.
On Sunday, the “Panama Papers” were released to the world, in the single greatest incriminating document leak in world history. The documents, all from a single Panamanian law firm specializing in tax sheltering, Mossack Fonseca, were released to a German newspaper Süddeutsche Zeitung.
The documents were reviewed and maintained by a shadowy network including George Soros and several CIA funded organizations, including the International Consortium of Investigative Journalists and the Organized Crime and Corruption Reporting Project. Unsurprisingly, headlines relating to this group focused on Russian President Vladimir Putin, a world leader not even named within the Panama Papers.
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50 Ways to Eat from Your Pantry When You Have No Money for Groceries

by Daisy Luther, The Organic Prepper:

When things go wrong and we have more month than money, it can be difficult to keep the family fed, the bills paid, and a roof over your heads. However, if you have built a well-stocked prepper’s pantry, you have one less thing to worry about when you have no money for groceries.
Some Practical Reasons Why You Might Need a Food Supply
The best investments in these questionable times are those which are tangible. Having a food supply, purchased at a good price during good times, can be invaluable if things become more difficult. And by “more difficult” I’m not necessarily talking about a massive, national economic collapse or an epic natural disaster.
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Big Trouble Ahead For Copper Is Good For Silver

by Steve St. Angelo, SRS Rocco:

It looks there may be trouble ahead for copper.  This goes well beyond the falling copper price and annual surpluses.
According to the article, China’s True Demand For Copper Is Only Half as Much as You Think:
For years, traders on the mainland have used copper as collateral to finance trades in which they borrowed foreign currencies and invested the proceeds in higher-yielding assets denominated in renminbi. This carry trade with Chinese characteristics allowed them to net a tidy profit.
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