“It’s As If JPMorgan And Goldman Vanished…”

The equity-ification of the bond market has been closely followed by Bloomberg News and other financial journalists. Unfortunately for the big banks, it’s a trend that has largely been led by fintech firms like TradeWeb and Bloomberg. Many corporate bonds from investment grade to deep in the speculative territory can be found trading on-the-run on…

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Denninger: Economic & Civil Calamity Possible

The Bible makes an even stronger statement about the love of money. What we have discussed thus far simply describes the horizontal level of the love of money. In other words, we have only mentioned how the love of money can lead one to commit greater sins against his fellow man. But the Bible makes…

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When You Get An Email Like This From The Fed, It May Be Time To Panic

The Greek word for “truth” is aletheia, which literally means to “un-hide” or “hiding nothing.” It conveys the thought that truth is always there, always open and available for all to see, with nothing being hidden or obscured. The Hebrew word for “truth” is emeth, which means “firmness,” “constancy” and “duration.” Such a definition implies an everlasting…

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Problem Banks,Bubbles Always Burst.

Why is the love of money a root of all kinds of evil? To help us answer this, we must look at the passage in its greater context. Near the end of the letter (1 Timothy 6:2–10), Paul is exhorting Timothy regarding the need to “teach and urge these things” to his congregation, “these things”…

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Bank of America: “Enjoy It While It Lasts”

The term double-minded comes from the Greek word dipsuchos, meaning “a person with two minds or souls.” It’s interesting that this word appears only in the book of James (James 1:8; 4:8). Bible scholars conclude that James might have coined this word. To grasp the full meaning of this word, it is best to understand how it is used…

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