bad business
Crime Pays: Goldman Strikes $2BN Deal With DoJ To Avoid All Charges Tied To 1MDB
Goldman Sachs is reportedly on the cusp of settling one of the biggest criminal cases involving a Wall Street bank since the financial crisis: According to a Bloomberg News report published late Monday evening, the Vampire Squid has reached a tentative agreement with the DoJ to pay more than $2 billion in penalties – a figure that…
Read MoreUSDA Crop Report Shocker Sends Corn Futures Surging
Chicago corn futures surged 8% in the last two sessions after a massive reduction to the U.S. government’s acreage estimate reported Reuters. The U.S. Department of Agriculture’s (USDA) crop report on Tuesday showed farmers planted 92 million acres of corn in 1H20, which was a huge miss in expectations and 5 million acres below the USDA’s March forecast of 97 million acres.…
Read More“Watershed” Moment: Is Gold Signaling Stocks Now On “Shaky Footing”?
I rarely discuss financial markets these days. Although I pay attention, it’s not in the obsessive manner I did a decade ago. I mainly keep my eyes out for potential big macro turning points, and if I see something interesting in that regard, I try to share it with readers. This means I might not mention markets…
Read MoreCivil War 2.0 Weather Report: The Tsunami Begins, But You Knew That…
If we can stop him, we shall prevent the collapse of Western Civilization. No pressure.” – Sherlock Holmes: A Game of Shadows In the first issue of the Civil War Weather Report, I put together ten steps to a new civil war. I did not expect that on the one year anniversary of that first report we’d move from step…
Read More“It’s All Bullsh*t” – 3 Leaks That Sink The COVID Narrative
In recent days a series of leaks across the globe have further shown the “official line” on coronavirus does not hold water… The science of the coronavirus is not disputed. It is well documented and openly admitted: Most people won’t get the virus. Most of the people who get it won’t display symptoms. Most of the…
Read MoreSnyder: It’s Much Worse Than You Are Being Told
For a long time I warned that our economic bubble would burst and that we would plunge into a nightmarish economic collapse. Now it has happened, and it turns out that fear of COVID-19 was the “black swan event” that triggered the collapse. The ironic thing is that COVID-19 is not even close to the worst thing…
Read MoreSmall Business Guarantees Are A Bucket Of Moral BS Fraud
The coronavirus Small Business Relief program is a bucket of first come first serve moral fraud. The New York Times says Small-Business Relief Effort ‘a Mess’ The Hill says Small businesses still struggling for loans even as $100B is approved The Trump administration has approved roughly $100 billion of the $350 billion allocated for emergency loans to…
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