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Wolf Richter: IPO Hype-Miracle Gets Crushed by Reality

Yves here. While IPO-related cheerleading is getting more stained than ever, also notice how lousy the mood is among retailers.

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Yet Another Day in Republican Scumbaggery

Today President Obama asked Congress to approve $3.7 billion in emergency funding to help deal with the surge of minors crossing the border. You may color me unsurprised over the Republican response: The proposal was quickly met with broad skepticism among Republican lawmakers, who were doubtful that the package would be approved quickly — if at all ….GOP leaders, who have called on Obama to take stronger action, said they were reluctant to give the administration a “blank check” without ­more-detailed plans to ensure that the money would help stem the crisis at the border. The president “is asking to use billions of taxpayer dollars without accountability or a plan in place to actually stop the border crisis,” Rep

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