The Traderszone Network

Japanese videogame maker Nintendo Co Ltd’s chief executive and president, Satoru Iwata, died on Saturday due to a growth in his bile duct, the company said. The death of the hands-on CEO comes as the company expects to double annual operating profit in the year through March thanks to its long-awaited entry into smartphone games, amid weak sales growth in its traditional consoles. Iwata, who opposed the move into mobile until the last months of his life, underwent surgery in June last year to remove the growth and had resumed his duties after a brief period of recovery.

Moments ago, after yet another weekend in which Europe was said to have given Greece yet another “absolutely final” deadline in which to agree to deal terms, terms which now Europe can’t agree on, when after five years of recovery we found out that the Greek economy is so bad it will have to put in escrow some €50 billion in assets to preserve the ECB’s financial lifeline of its banks which just in October of 2014 passed the same ECB’s “stress test” with flying colors, we had a revelation:

We may have hit peak bullshit

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Although some market voices warn of a looming disaster from the recent pullback in Chinese shares, other analysts make the case that any trouble will be limited to holders of the affected stocks.
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Authored by Eric Zeusse,

There is democratic capitalism, and there is fascist capitalism. What we have today is fascist capitalism; and the following will explain how it works, using as an example the case of Greece.

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If you’re an investor in Wells Fargo, here are four things you’ll want to watch for when it reports earnings on July 14.

Russia and Greece have a “special relationship of spiritual kinship and religious and historical affinity,” Vladimir Putin said yesterday, following the BRICS summit in Ulfa. 

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Submitted by Alhambra Investment Partners’ Jeffrey Snider via RealClearMarkets.com,

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