Posts Tagged ‘Banks In Trouble’
Wall Street Analyst Jobs Vanish As Banks Take An Axe To Research With Market At Record Highs
Is the death of Wall Street equity research finally at hand? Because who needs an expensive team of analysts when clients can easily reap double-digit returns by dumping their money into passive funds? The fact that sell-side research departments have been shedding analysts this year is hardly a surprise. MiFID II regulations made it clear from…
China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise
The identity and actions of these world powers are described primarily in Daniel, Ezekiel, and Revelation. The king of the west is the Antichrist who will lead the ‘revised’ Roman Empire [the seventh kingdom] and its western allies. The ‘revised’ Roman Empire today is the European Union in transition. The king of the south is Egypt and its southern Islamic allies. The…
Doug Casey On The Destruction Of The Dollar
“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. Inflation is not caused by the butcher, the baker, or the automaker, although they usually get blamed. On the contrary, by producing real wealth, they fight the effects…
Second Bank Run In Two Weeks As China’s Banks Are Caught In A Self-Destructive “Doom Loop”
Three weeks ago we reported that China’s Henan Yichuan Rural Commercial Bank, just outside the central Chinese city of Luoyang, was the latest small-to-medium Chinese bank to suffer a vicious bank run as long lines of depositors filled out its branches demanding their money, amid a rumor that the bank was going under. The bank…
The Beast Is Almost Complete, Deutsche Bank to Replace 18,000 Workers with Robots
Deutsche Bank plans 18,000 job cuts in robot strategy called “Operations 4.0”. Operations 4.0 Underway Deutsche Bank says Operations 4.0 is already underway. The plan is to Replace 18,000 Jobs With Robots. Mark Matthews, head of operations for Deutsche’s corporate and investment bank, told Financial News that machine learning algorithms “massively increased productivity” and “redistribute capacity.”…
Bank Behind World’s Largest Money Laundering Scandal Offered Russians Gold Bars To Hide Their Fortune
Greed is responsible for much sorrow. The Bible says in 1 Timothy 6:10, “the love of money is the root of all kinds of evil.” But is greed only about money? No. Greed goes much further than money. What is greed exactly then? What does God or the Bible have to say about it? Greed is a spiritual…
German Finance Minister Publishes New Banking Union Plan To Save The EU (And Deutsche Bank)
Less than a year after his finance ministry failed to broker a merger between Commerzbank and Deutsche Bank in a bid to rescue the flailing German lending giant (Deutsche) and create a new national champion (or so he hoped), German Finance Minister Olaf Scholz is embarking on a campaign to convince the European Union to…
The Beginning of the End: Great Recession 2.0 is Obscured but Here!
The Great Recession never ended. I say that because the deep economic flaws that caused it was never corrected. All recovery efforts since merely clouded our eyes to the problems growing larger around us, even making them worse, and now we are going back into the belly of the Great Recession. The recovery was all…
Incentives (And Sociopaths) Rule The World
Ryan Murphy, an economist at Southern Methodist University, recently published a working paper in which he ranked each of the states by the predominance of—there’s no nice way to put it—psychopaths. The winner? Washington in a walk. In fact, the capital scored higher on Murphy’s scale than the next two runners-up combined. “I had previously written on…
One of the Largest “Too Big to Fail” Banks in America Boldly Declares That “the Wheels for a Slowdown Are in Motion”
I do not place any faith, trust, or hope in politicians to fix what is wrong with the world. “Come Lord Jesus!” (Revelation 22:20) Now even one of the biggest banks in the entire country is openly admitting that a “slowdown” is upon us. Over the past week or so, the mainstream media has been filled…