The Daily Shot 2/5/16: Global Macro Currents Feb5

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Greetings,Let’s begin with the UK where the Bank of England once again shifted the inflation forecast lower. The expected time of the BoE’s rate hike has been extended sharply as a result. Source: ‏@pdacosta, @BV Moreover, the market is now pricing in a material probability of a rate cut. Source: @pdacosta, @BV At the same time, HBOS says that

Financial Fraud Watch- American Growth Fund II LLC Feb5

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Alexander Brokaw contributes to The Edge on a weekly basis with his posts on the latest frauds perpetrated in the financial industry. This week the SEC levied fraud charges against American Growth Funding II LLC, a Manhattan-based lending company, and its owner Ralph Johnson. Johnson and AGF II allegedly made misrepresentations about the company’s management

The Daily Shot 2/4/16: Global Macro Currents Feb4

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Greetings, Let’s start in the United States where the ISM non-manufacturing report missed consensus. While the weakness in manufacturing can be dismissed as being a relatively small portion of the GDP, slower growth in services got everyone’s attention. Business activity, exports, and even the employment growth weakened. Source: Investing.com Source: ISM A measure above 50

Financial Fraud Watch- QED Benchmark L.P. Jan29

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Alexander Brokaw contributes to The Edge on a weekly basis with his posts on the latest frauds perpetrated in the financial industry. In 2010, hedge fund manager Peter Kuperman met two Canadian investors who were active in the penny stock market. Kuperman, a native Canadian himself, was the sole owner and principal of QED Management,