are we really going to bust above $16.50 and never look back?

I’m not used to such positive action…yikes

Yes, the old Huntington Beach stomping grounds. I haven’t been downtown in several years but they certainly revamped and built on every available square inch.

I’m guessing that fighting the crowds and looking and/or paying for the high price of parking down there was exhausting for you.

I don’t miss that lifestyle, it’s simply unsustainable. In fact, I think the whole state is pretty much unsustainable. I’m sure you seen the videos of homeless by Angel stadium in Orange County.

$16.50 in the rear view mirror.

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$16.60…

DB is the defacto exemplar of the Western financial institution walking dead zombie state … and is a glimpse of the future for the rest the so called ‘pillars’.

Got Gold?

Looking good this am Billy Ray – USD and rates cooperating a little bit.

Metals have already recovered yesterday’s losses – whipsaw city for the shorts.

Deutsche Bank Tumbles As Trading Revenues Plummet

If one ever needed evidence that such a thing as bank karma exists, look no further than Deutsche Bank, which after manipulating and rigging every market it traded in, violating virtually every regulation and anti-money laundering rule in existence, and quietly witnessing the bizarre, unexplained suicide by more than one senior official, has been caught in a downward spiral of spectacular collapse which culminated recently with the biggest corporate restructuring and mass layoff announced by a major bank. And then there are the earnings.

On Wednesday, the bank that is set to layoff over 20% of its workforce, reported a dramatic decline in trading revenue resulting in a far bigger than expected €3.16 billion net loss, a far cry from the €361MM profit a year ago. While the revenue of €6.2 billion was in line with the preliminary release from July 7, the bank warned that 2019 group revenue would be lower than 2018, blaming lower interest rates on increasing pressure on revenue after trading slump deepened in the second quarter, adding urgency to Chief Executive Officer Christian Sewing’s overhaul plans.

Why A 100bps ECB Rate Cut Would Crush European Banks

were there to be a rate cut of 100bp (to -1.4%), four out of the 32 Euro banks we cover would be loss making (DBK, CBK, BMPS and BOP) and further four would be close to break-even (BAMI, EMII, UBI and BKIA), all else equal.

Huntington pier, this place is so built hardly any free space, even the swamp areas. There even building something on the beach.

The new attraction at Disney is Star Wars. Pretty cool at night. I hope the pics don’t come out side ways.