Bad Bankers
Blain: “Step Back, Hunker Down, Get Ready…”
“Vulgar, but not a vulgar as Louis Vuitton, thought Sherman.” Perhaps it’s time to think about the unthinkable and close markets for a few weeks? Today we might be seeing a rash of desperate new efforts by central banks to promise liquidity to Treasuries, to pump money into stocks and shares in Norway and Japan……
A Shift In The Global Financial Order Is Upon Us
The collapse in bond yields, exacerbated by the crash in oil prices, marks an end to the era of trust in central banks… OPEC+: A 24-Hour View Coronavirus. That will be the first and last time this column mentions that word. Despite the weekend’s many developments in the epidemic, there is a new issue to drive…
Former Co-Head Of Investment Banking At Goldman Asia Banned For Life By The Fed
Former Goldman Sachs partner Andrea Vella has been barred from the industry over his involvement in the Malaysian investment fund scandal known as 1Malaysia Development Berhad (1MDB), a press release from the Federal Reserve said Tuesday. Vella, a former the Goldman Sachs’ co-head of investment banking for the Asia Pacific, was placed on leave in 2018 after…
Fed Policy And The Wuhan Coronavirus
When all you have is a hammer, everything looks like a nail. Abe Maslow, the same fellow who developed the “hierarchy of needs” paradigm in human psychology, popularized that phrase to warn scientific researchers about the perils of using tools inappropriate to the task at hand. It is an especially relevant observation when it comes to…
Bernanke Hints At Negative Rates, “Purchases Of Private Securities” To Fight Next Recession
…We can’t rule out the possibility that, at some point in the next few years, our economy will slow, perhaps significantly. How would the Federal Reserve respond? What tools remain in the monetary toolbox? By Ben Bernanke First steps for easing policy …Given where we are today, how would the Fed respond to a hypothetical economic…
What Upstanding Citizens Believe Vs. What Crazy Conspiracy Theorists Believe
Authored by Caitlin Johnstone via Medium.com, Source Crazy, stupid conspiracy theorists believe a mature worldview requires skepticism toward power. Smart upstanding citizens believe the government is your friend, and the media are its helpers. Crazy, stupid conspiracy theorists believe that powerful people sometimes make immoral plans in secret. Smart upstanding citizens believe the TV always tells the…
Making A Fortune: 19 Million Public Employees Across America Cost Taxpayers Nearly $1 Trillion
For the first time in history, 19 million public employee salaries at every level of government across America have been mapped and posted online. The work of our auditors at OpenTheBooks.com tells a compelling story: Public service is supposed to be about serving the people. However, the good intentions of America’s 19 million public employees come…
Schiff On ‘The Bubble’: “It’s Only A Matter Of Time Before The Whole Thing Implodes”
Vioa SchiffGold.com, Everybody knows that the 2008 financial crisis was caused by “deregulation” and “greed,” right? Except that it wasn’t. A film titled The Bubble offers a non-partisan, critical examination of the policies and events that led to the biggest crash since World War II. Produced by Jimmy Morrison and co-written by Tom Woods, the film features a…
Krieger: “It’s A Systemic Looting On A Massive Scale”
The United States has historically bragged about its free and transparent markets. But what the Fed is doing today is pulling a dark curtain around the financing of this so-called free and transparent market. The public has no idea which Wall Street firms have received this $3 trillion or why they can’t borrow it elsewhere.…
Election Apocalypse: Investors Fears Very Negative Event a Year From Here and Are Placing Bets to Hedge Themselves
The stock exchange is somehow similar to weather forecasts. You never know what’s going to happen but it’s better to plan ahead and be prepared if a disaster strikes. This is exactly what investors are doing right now as many fear a total election apocalypse. The left, the right, and the center are all worried…