Day: September 6, 2018

Morgan Stanley (MS) Earnings For The Fourth Quarter Of 2020 Exceeded Estimates

Trading BusinessRayner Teo is an independent dealer, ex-prop trader, and founder of TradingwithRayner. Even so, the document stock market rally this week has stalled a bit as fears of rising rates of interest and higher inflation have crept in. The S&P 500 fell for a third straight day on Thursday after unemployment claims turned worse than anticipated, with weak management from Walmart.

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For the primary time in a era, American politicians really agree that we put too many people in jail and that this can be a dangerous thing. (The United States has the highest incarceration rate on the planet, with 716 people per 100,000 behind bars; the comparable price is 475 in Russia and 121 in China.) And but the most generally proposed options tend to deal with nonviolent federal drug offenders: enjoyable sentences, rescheduling drugs, diverting addicts into therapy programs. These steps barely deal with the larger drawback. The overwhelming majority of U.S. prisoners are in state prisons, not federal, and the vast majority of these have been convicted of violent crimes (54 percent) as opposed to drug crimes (16 percent). To reduce the American jail population in a meaningful way, states must liberalize sentences and parole for some violent offenders—a terrifying prospect for politicians.

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