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Refinery29 lays off 34 employees

“This year has been especially challenging for digital media and advertising companies,” reads a statement from the company” writes Aol Staff for aol.com. Refinery29 has conducted a round of layoffs in an acknowledgement that the digital media industry is facing advertising headwinds.The women’s lifestyle website has let go of 34 employees, or about 7 percent of its staff, a spokeswoman confirmed to The Hollywood Reporter.The layoffs come as the digital media industry at large suffers from a course correction.As dozens of content companies have been funded over the past 48 months,…

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News Regulators 

We talked to an economist who predicted the Great Recession about the next financial crisis

“Why don’t we want bigger deficits, monetize the debt, stow it away on the Fed balance sheet?” writes Graham Rapier for businessinsider.com. They would see no problem taking the Fed balance sheet to $8 or $12 trillion.It’s the implied, non-inflationary price of gold in a system where you have either a gold system or some reference to gold.It did contribute to the Great Depression, and it wasn’t because of gold, it was because they got the price wrong. Source: businessinsider.com Share This:

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Kaweah Delta’s new equipment helping to find balance

“Issues with coordination and balance are being met head-on at the Kaweah Delta Rehabilitation Hospital in Visalia with a new piece of therapy equipment” reports thebusinessjournal.com. David Gaylor, a physical therapist for Kaweah Delta, said that the equipment has two pieces to help the patient.The new equipment, the SMART Balance Master, is being used for such patients as elderly stroke victims, those with spinal injuries and those recovering from brain cancer and brain surgery. Source: thebusinessjournal.com Share This:

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Breaking: Germany Details Negative Balance Protection CFDs Rules

“Brokers have to adjust their marketing and risk-warning content to reflect that customers are protected from a negative balance” reports financemagnates.com. Brokers are also not allowed to offer the option of a negative balance protection, they are obligated to provide only one type of CFDs to retail customers. Source: financemagnates.com Share This:

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News Regulators 

The Fed’s monetary policy is completely absurd

“This seems to me the height of monetary policy lunacy” writes John Mauldin for businessinsider.com. The Land of the Rising Sun has become the land of the rising central bank balance sheet (see the graph below).Yet, they applied trickle-down monetary policy in the hope that boosting asset prices would trickle wealth down to the bottom 50% of the US population (aka Main Street).This is not model-based monetary policy.It is simply an emotional monetary policy experiment. Source: businessinsider.com Share This:

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Fed balance sheet poses ‘huge risks’ for inflation: Charles Plosser

“How confident are they that they can actually reign it in through their current balance sheet activities and through interest on reserves?” writes Julia Limitone for foxbusiness.com. The Fed talks about risks but they rarely talk about the risks that they’ve created with their balance sheet and with their actions,” he said.Ahead of that, former Federal Reserve Bank of Philadelphia President Charles Plosser told FOX Business that the Fed needs to be more transparent with their plans to unwind their $4.5 trillion balance sheet.Can they really be confident that all…

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US Oct advance goods trade balance USD -68.3 bln vs -64.9bln exp

“Soggy trade data as exports decrease and imports increase” reports forexlive.com. Large imports could be considered bullish as a sign of domestic demand though.USD a little softer though with inventories data lower. Also can be considered bullish though if you work on less on shelves = increased demand but markets don’t always go with that theory!.  Source: forexlive.com Share This:

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Manchester United’s Marouane Fellaini sues New Balance over ‘defective’ boots that ‘damaged his feet’

“A Manchester United footballer is suing a sportswear company over “defective” boots that he claims rubbed his feet and left him uncomfortable on the pitch” writes Asa Bennett for telegraph.co.uk. An investment company representing the 30-year-old midfielder is now suing the sportswear giant and wants £2 million in damages. Source: telegraph.co.uk Share This:

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