It is the 21st of July 2017

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AMZN Slides After Hours On Report Of FTC Probe

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  • 15 hours, 26 minutes ago
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Just last week we noted that the one entity that could 'out-Amazon' Amazon - the US government - was beginning to ask if Bezos' company was too big? Tonight we got our first glimpse as the FTC sent a shot across the world's 2nd richest man's bow, probing allegations of illegal discounting.

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IMF Rings The Alarm On Canada's Economy

Shortly after yesterday's rate hike by the Bank of Canada, its first since 2010, we warned that as rates in Canada begin to rise, the local economy which has seen a striking decline in hourly earnings in the past year, which remains greatly reliant on a vibrant construction sector, and where households are the most levered on record, if there is anything that can burst the local housing bubble, it is tighter monetary conditions. And a bubble it is, as the chart below clearly demonstrates... one just waiting for the pin, which as we suggested yesterday in ""Canada Is In Serious Trouble" Again, And This Time It's For Real", may have finally been provided thanks to the Bank of Canada itself.

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Auto OEMs And Auction Houses Are Colluding To Prop Up Used Car Prices; It Won't Work

We've written frequently about the pending collapse in used car prices that will inevitably be brought on by a surge in leases over the past 5 years.  With wages stagnant and car prices rising, the only way Americans could 'afford' those brand new BMWs and Mercedes was to lease them.

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General Warns U.S. Is Prepared For War In North Korea: "Self-Restraint Is A Choice"

Following North Korea's latest provocation, the launch of an ICBM that, for the first time, demonstrated North Korea's ability to strike the continental United States, General Vincent Brooks, Commander of Combined Forces Command and General Lee, Sun Jin, Chairman of the Republic of Korea Joint Chiefs of Staff, made a rather forceful combined statement directly warning North Korea they're prepared for war at any time.

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Haley: US Will Use Military In North Korea "If It Must"

The war drums are beating louder, and as US Ambassador to the UN Nicky Haley said moments ago as she speaks live (webcast), the North Korea launch is clear, sharp military escalation and the US will use the full range of its capabilities in North Korea including military force, "if it must." Her key soundbites from Reuters and Bloomberg:

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