Month: March 2018

Bank of Montreal has blocked all credit, debit and online payments to crypto-currency exchanges because they claim Bitcoin

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The Bank of Montreal has blocked all credit, debit and online payments to cryptocurrency exchanges because they claim Bitcoin is too volatile. The legacy financial system remains the biggest single point of failure to the success of crypto markets. The Bank of Montreal has blocked all credit, debit and online payments to cryptocurrency exchanges because … Read more

Do Stocks Really Like Higher Rates?

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by Lance Roberts LPL Research recently penned an interesting post entitled “Why Stocks Like Higher Rates.”  “What does it mean for equities if rates and yields do indeed go higher? Fortunately, to the surprise of many, stocks historically do very well when rates increase. Since 1996, stocks gained all 11 times we saw higher rates,”  Here is … Read more

This is rich: Seattle socialist councilmember Kshama Sawant says we need to “fight for our rights”

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by DCG And she’s not speaking about the Second Amendment right. She’s speaking about the right to tax big businesses to solve the city’s homelessness crisis… From MyNorthwest.com: The city’s latest attempt at a business head tax will not only solve the homelessness crisis, it will help the affordable housing problem, too, Seattle Councilmember Kshama Sawant argues. “This … Read more

Mexican Drug Kingpin Smuggled Enough Fentanyl To ‘Kill Millions’ In NYC

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by stockboardasset An alleged Mexican drug kingpin and five of his accomplices have just been indicted for smuggling enough fentanyl from Mexico into New York City “to kill millions,” officials announced Tuesday. An undercover investigation by the U.S. Drug Enforcement Administration, NYC Special Narcotics Prosecutor Unit, and local law enforcement agencies discovered that San José del … Read more

Ambassador Haley: The US is capping its funding of the UN

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The US will no longer shoulder more than 25% of the multibillion-dollar costs of the UN’s peacekeeping operations, Nikki Haley said. “Peacekeeping is a shared responsibility…all of us must step up.”   The United States will no longer shoulder more than a quarter of the multibillion-dollar costs of the United Nations‘ peacekeeping operations, Washington’s envoy said … Read more

ECRI’s Lakshman Achuthan: Our Long-Leading Index Has Turned Down

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by FS The following is a summary of our recent FS Insider podcast, “ECRI Forecasting Global Economic Slowdown for 2018,” which can be accessed on our site here on iTunes here. When we last spoke to Lakshman Achuthan, co-founder of the Economic Cycle Research Institute (ECRI), early 2017, he told us their long leading index had turned up, indicating a … Read more

Banks & Builders Want New Property Bubble In Spain, Government Obliges

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“This plan, far from solving or alleviating the problem, is likely to make it a whole lot worse.” By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Spain’s second biggest bank, BBVA, just announced that it’s resurrecting the 100% mortgage, a high-risk loan instrument that notoriously helped fuel Spain’s madcap property boom. For the first time in … Read more

Huge rate cut for Hillary speeches — down 85%

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Former Democratic presidential nominee Hillary Clinton is back in New Jersey Thursday for a rare public appearance since she lost in her bid for the White House against President Donald Trump. Clinton is expected to talk politics, American democracy and her role in shaping women’s political history. Rutgers will pay Clinton $25,000 from an endowment but … Read more