While EU Leaders Squabble, The Elephant in the Room Remains Unnoticed
Here’s a clue: the word begins with “a” and ends in “y”. … Read More While EU Leaders Squabble, The Elephant in the Room Remains Unnoticed
Stock Market Crash 2020: Welcome To The End Game
The Nasdaq is on its final run and is going vertical, a classic end of bubble move… Read More Stock Market Crash 2020: Welcome To The End Game
Bank Of England Governor Signals Central Bank Digital Currency Is Coming
“I think in a few years time, we will be heading toward some sort of digital currency.”… Read More Bank Of England Governor Signals Central Bank Digital Currency Is Coming
What Happens If Most Businesses & Consumers Tighten Their Belts at the Same Time?
[Note to readers: I will be away from my desk until Sunday, so there will be no new news for the next six days. Have a lovely week] Europe may be about to find out. 128 days with my Mother-in-Law. By Nick Corbishley and cross-posted from WOLF STREET As market players cling to the hope that a… Read More What Happens If Most Businesses & Consumers Tighten Their Belts at the Same Time?
Drumbeats of the Epocalypse: The Economic Death March Has Come to Town!
The Depression is deep, and the pain is wide. Yet the NADAQ is a rocket, attempting to break out of earth’s atmosphere… Read More Drumbeats of the Epocalypse: The Economic Death March Has Come to Town!
Banana Republic Corruption
UK citizens appear to have come to accept that we live in a country with a Banana Republic system of capitalism… Read More Banana Republic Corruption
Jeffrey Epstein Chaired a $6.7 Billion Company that Documents Suggest May Have Received a Secret Federal Reserve Bailout
According to a database created by The International Consortium of Investigative Journalists containing files leaked from the law firm Appleby, Jeffrey Epstein, who is under indictment as a sex trafficker and assaulter of underage girls, was the Chairman of Liquid Funding Ltd. from November 9, 2001 to at least March 19, 2007. The offshore business had been incorporated in Bermuda on October 19, 2000 and according to the Fitch ratings firm, it had $6.7 billion in outstanding liabilities in 2006.… Read More Jeffrey Epstein Chaired a $6.7 Billion Company that Documents Suggest May Have Received a Secret Federal Reserve Bailout
Covid-19 Isn’t Killing Cash. People Are Hoarding More of It
“While the economic shutdowns and increased use of online retailing are currently diminishing cash’s traditional function as a medium of exchange, it seems that this is being more than offset by panic driven hoarding of banknotes.”… Read More Covid-19 Isn’t Killing Cash. People Are Hoarding More of It
Year Zero
On America’s birthday, celebrating the corporate-sponsored revolution… Read More Year Zero
Is the End Coming for Private Equity?
Private Jets vs. Pension Funds… Read More Is the End Coming for Private Equity?
Nice Little Earner: Citi Borrows From Fed at 0.35%, Then Charges Struggling Consumers 27.5% on Credit Card Debt
Despite its grand promises to be a beacon of light during the pandemic, customers are spilling their guts to the Consumer Financial Protection Bureau’s complaint database with horror stories of what Citi has put them through during this crisis… Read More Nice Little Earner: Citi Borrows From Fed at 0.35%, Then Charges Struggling Consumers 27.5% on Credit Card Debt
British Court Refuses To Release Venezuelan Gold To Maduro
“Her Majesty’s government has unequivocally recognised Guaidó as president of Venezuela. It necessarily follows that Her Majesty’s government no longer recognises Maduro as president of Venezuela…”… Read More British Court Refuses To Release Venezuelan Gold To Maduro
