Blain: “Step Back, Hunker Down, Get Ready…”
“Vulgar, but not a vulgar as Louis Vuitton, thought Sherman.” Read moreWells Fargo is the smallest of the four giants that now dominate the U.S. commercial banking businessPerhaps it’s time…
“Vulgar, but not a vulgar as Louis Vuitton, thought Sherman.” Read moreWells Fargo is the smallest of the four giants that now dominate the U.S. commercial banking businessPerhaps it’s time…
It has happened again. On Thursday the Dow Jones Industrial Average fell 2,352 points, which was the largest single-day stock market point crash in history. Of course, the old record…
Preparing for the worst, America’s largest bank is going on lock down to prepare for the coronavirus. It’s all part of JPMorgan’s “virus contingency plan” that calls on thousands of…
The US stock market continued its freefall last Friday. The Dow lost another 357 points to finish off the worst week since 2008. One would expect a save-haven like gold…
International banks are suspending credit lines for some independent oil refiners worried about the growing risk of defaults across industries because of the coronavirus epidemic, Reuters reports, citing industry sources……
Update: The Telegraph’s Ambrose Evans-Pritchard warned that the collapse in Chinese oil consumption is “the biggest shock to oil markets since the Lehman crisis.” Evans-Pritchard said the plunge in consumption…
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…
Last week’s apocalyptic report by repo market guru Zoltan Pozsar, which for those who missed it predicted that an imminent market crash and loss of control of overnight rates by…
Two hedge fund icons – Bridgewater founder Ray Dalio and Paul Tudor Jones – joined Yahoo Finance for the 2nd annual Greenwich Investment Forum earlier this month. Speaking directly after…
“Inflation” occurs when the creation of currency outruns the creation of real wealth it can bid for… It isn’t caused by price increases; rather, it causes price increases. Read moreWells…
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