Turtle is on his way out, he is doing anything he can to hurt the country, POS!
STOCK PRICES ARE DANGEROUSLY DIVERGING: MEGA BANKS CLOSE IN A SEA OF RED INK AS S&P 500 HITS AN HISTORIC RECORD
Published: November 7, 2021
Yesterday, the S&P 500 and Nasdaq set new record highs for the sixth straight trading session. The Dow Jones Industrial Average, however, closed in the red. That’s because two high-priced bank components of the Dow, Goldman Sachs and JPMorgan Chase, closed in the red and helped to pull the index into negative territory. (The Dow Jones Industrial Average is a price-weighted index.)
As the chart above indicates, the declines in Goldman and JPMorgan were part of a major bank selloff yesterday – a striking and disturbing divergence from the broader indices. It would be impossible to have a healthy stock market going forward if the mega banks that finance the bulk of corporate activity descend into a downward spiral.
Among the worst bank performers yesterday were three foreign global banks that have a heavy presence on Wall Street: the British bank, Barclays (BCS), lost 5.56 percent; Swiss bank, Credit Suisse (CS), gave up 4.73 percent; while German mega bank, Deutsche Bank (DB), closed down 4.64 percent.
Foreign global banks are heavily interconnected to U.S. mega banks via derivatives. The banks serve as counterparties to each other in making private contract derivative bets on everything from credit defaults to equities to foreign exchange. These private contracts are known as bilateral over-the-counter (OTC) derivative trades and lack a central party clearing platform to stand behind the wager. This is what led to the collapse of the giant insurer, AIG, in 2008 and resulted in it being nationalized for a time by the U.S. government.
That type of derivatives hubris was supposed to have been reformed under the Dodd-Frank legislation of 2010 but, in reality, very little has meaningfully changed.
https://www.blacklistednews.com/article/81148/stock-prices-are-dangerously-diverging-mega-banks-close-in-a-sea-of-red-ink-as-sp-500-hits-an.html
This
newzpepe been around a long time
Kerry Tries to Push Biden's Failing Climate Agenda on World Stage
Sunday, 07 November 2021
John Kerry is everywhere and on the move at a fateful U.N. climate summit.
President Joe Biden’s envoy at the talks in Glasgow, Kerry steams from side talks with U.S. rivals China and Russia that painstakingly probe for common ground on climate to news conferences extolling progress. Kerry pops into project launches, rewarding CEOs and bankers for emissions-cutting efforts with high-level face time and praise. The lanky envoy smiles for a photo with Indigenous women from Brazil, their feather headdresses barely reaching his chin.
Toward the end of the U.N. climate summit's first of two weeks, Kerry’s voice grew hoarse from his mission of rallying global climate efforts that are threatening to hit a wall at home.
“The alternative is you don’t do anything, you don’t say anything" on climate, Kerry told reporters at the summit. “You don’t have any promises, you don’t have any commitments. And you’re sitting there, waiting for the deluge.”
He was speaking of a climate fight growing more urgent, as global warming from the burning of fossil fuel intensifies, and more fraught, as the United States' own wildly swinging seesaw politics imperil Biden's climate efforts and again threaten global momentum on the matter.
With the summit underway, the U.S. House on Friday finally passed a stalled infrastructure bill that contains some important measures to cut U.S. emissions.
But Biden’s lagging political support, and Republican upsets in off-year elections last week, are heightening uncertainty that the U.S. administration can deliver on some of Biden's biggest climate promises.
Moar: https://www.newsmax.com/newsfront/climate-cop26-kerry/2021/11/07/id/1043609/
yes
Doesnt seem so