GBP News 

David Davis says a no-deal Brexit is ‘not intimidating or frightening’

“Leaving the European Union without a deal in March doesn’t scare former Brexit Secretary, David Davis” writes David Campbell Bannerman for telegraph.co.uk. He tells Christopher Hope on this week’s Chopper’s Brexit Podcast, “I don’t find ‘no deal’ intimidating at all – it is not the best outcome but I don’t find it frightening.But the Government and the European Union do.” He admits “there will be a bumpy first year” after a no-deal Brexit but the UK will be able to keep the £39 billion ‘Brexit bill’, adding: “That’s a lot…

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Millions of Americans are handling this ‘frightening’ financial issue all wrong

“Credit card use is now higher than ever, Transunion data reveal” reports moneyish.com. Debt is on the rise, as Americans spend big on nightlife and ‘personal passions’ We’re in denial about how our debt can wreck our future.And 25% of Americans say that credit cards are now their top source of debt, up from 19% last year, the Northwestern Mutual data revealed.What’s more, fewer people said they carry “no debt” this year compared to 2017 (23% vs. 27%).While Americans pay lip service to paying down their debt (more than half…

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Millions handle this ‘frightening’ financial issue all wrong

“Credit card use is now higher than ever, Transunion data reveal” writes Catey Hill for nypost.com. What’s more, fewer people said they carry “no debt” this year compared to 2017 (23 percent vs. 27 percent).And 25 percent of Americans say that credit cards are now their top source of debt, up from 19 percent last year, the Northwestern Mutual data revealed.We’re in denial about how our debt can wreck our future. Source: nypost.com Share This:

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PAUL TUDOR JONES: The next recession will be ‘frightening’

“Monetary and fiscal policy is unsustainable and the next recession will be “really frightening,” legendary US investor and hedge fund manager, Paul Tudor Jones, told Goldman Sachs CEO Lloyd Blankfein in an interview on Monday” writes Michael Selby-green for businessinsider.com. “I don’t think monetary policy is sustainable, and clearly fiscal policy – are you kidding me?!,” said Jones.The next recession is going to be really frightening because we don’t have any stabilisers.”.  Source: businessinsider.com Share This:

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An army of Mark Zuckerberg cutouts has invaded Capitol Hill, and it’s terrifying

“Whether Zuckerberg saw all of his cardboard clones is unknown, as is whether or not he was as unnerved by the sight as the rest of us” writes Marcus Gilmer for mashable.com. For the record, these are, as far as I know, not real Zuckerberg clones but, rather, cardboard cutouts posted all around the U.S. Capitol in Washington, D.C. by international advocacy group Avaaz to protest the proliferation of fake news and fake profiles across Facebook. Source: mashable.com Share This:

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Jaw-dropping satellite images show historic Hurricane Irma swallowing Caribbean islands

“The storm’s eye has been remarkably clear, with a so-called “stadium effect” of clouds surrounding it, containing the storm’s fiercest winds” writes Andrew Freedman for mashable.com. Historic Hurricane Irma has rewritten storm history in the Atlantic Ocean, setting records for its windspeed and its long-lasting Category 5 status. According to the Washington Post’s Capital Weather Gang, it’s also the most intense Atlantic storm to strike land since the Florida Keys hurricane of 1935.As the storm continues to travel through the Atlantic, the first to feel the storm’s wrath have been…

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Markets News 

Passive investing boom is creating a ‘frightening’ risk for markets, Morgan Stanley says

“Passive investment strategies have grown in popularity among investors, but they present a “frightening” risk to the markets, warns a Morgan Stanley strategist” writes unknown author for cnbc.com. The flow of investment from active management funds to passive investment funds is significant; it increased to nearly $500 billion in the first half of 2017, according to Bloomberg data.The appeal of passive funds is they generally charge lower fees than active managed funds, which boosts investors’ returns. You would have just the passive guys getting into herd mentality,” he warned. Source: cnbc.com…

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‘Frightening thing is New Zealand are likely to get better over the next two games’ – how the rugby world reacted to the Lions defeat

“Chastened, bossed out of the game and, quite simply, beaten be the world’s best exponents of rugby union” writes Telegraph Sport for telegraph.co.uk. Following the British & Irish Lions 30-15 defeat to the All Blacks in the opening Test in Eden Park, Auckland, the world of rugby united in its praise of Steve Hansen’s side who were simply too fast, too organised and too good for Warren Gatland’s tourists. Source: telegraph.co.uk Share This:

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Timing of Comey’s firing ‘frightening,’ says Hillary Clinton’s former campaign manager

“Rosenstein focused on Comey’s statements days before the November election about the FBI investigation of Hillary Clinton’s email practices” writes Berkeley Lovelace Jr for cnbc.com. The timing of President Donald Trump’s dismissal of FBI Director James Comey is “frightening,” Hillary Clinton’s former campaign manager Robby Mook told CNBC on Wednesday. Source: cnbc.com Share This:

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