How to make a complaint against your bank

Making a complaint is rarely a pleasant experience. When something has gone awry with a business transaction, even if there are policies in place to help you resolve the issue, supposedly to everyone’s satisfaction, often the fact of having to do so is enough to make you feel angry and/or upset. Certainly, that can be … Read more

Why Do Some Pension Funds Avoid Equities?

by Martin Armstrong QUESTION: Hi there Mr. Armstrong In attempting to synthesize some of your past comments, I wonder if it is accurate to conclude that rate hikes are the lesser of two evils between collapsing pension funds and higher debt servicing costs? If so, the implication is that budgets don’t matter, since it appears you … Read more

Here’s How China DUMPS MASSIVE Amounts Of U.S. Dollars Without Selling A Single U.S. Treasury

via silverdoctors: Call it “Shadow De-dollarization” or “Backdoor De-dollarization”, but no matter what you call it, this scheme is pure genius. Here’s the details… Selling their massive hoard of U.S. treasuries is not the only way that China can “dump the dollar”. Here’s a look at a crude (pun and no pun intended) and clever way … Read more

Fund Manager: Subprime Mortgages Are Back Just Like A Dog Returns To Its Vomit

by Dave Kranzler of Investment Research Dynamics Other people’s money is always more fun to play with recklessly than your own.  As such there’s been a quiet escalation in number of  private capital pools offering mortgage (and auto) financing to subprime quality borrowers.  “Special Circumstance Lending” is one such lender in Denver.  It constantly runs ads on Denver … Read more

China Unleashes “Island Encirclement” War Drill Around Taiwan

by stockboardasset It is an uncomfortable time for Taiwan. China’s People’s Liberation Army (PLA) began a dangerous “island encirclement” war drill around the country, which on Friday saw bombers and fighter jets simulating strikes on Taiwanese targets for the first time. It seems as Beijing will not wait for reunification; it wishes to intimidate the island … Read more

Divy Equities shuts down consumer-facing business

by MGoAzul Just received the below email from Divy saying they are shutting down their consumer-facing fractional share brokerage and focusing on the commercial business. Cool idea, shame it’s closing down: Dear Client: We are making some changes to our business at Divy Equities as our parent company, Divy Inc., turns its primary focus from … Read more

7 Stanley Druckenmiller is now 90% tech

https://www.sec.gov/Archives/edgar/data/1536411/000153641118000008/xslForm13F_X01/form13f_20180331.xml Largest Holdings representing 75% of his portfolio are : Google Amazon Microsoft Salesforce Alibaba It is interesting that for such a tech heavy portfolio he doesn’t own Apple or Facebook   h/t vegaseller

Bond Breakdown Gathers Momentum

Peter Schiff, Released on 5/15/18 Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including … Read more

Global Synchronized Growth Narrative Collapses – Uncle Sam’s Free Money Drying Up Fast, Crisis Brewing In Merging Markets, Libor Continues To Surge

Chart of the Day: "Uncle Sam’s Free Money Drying Up Fast" h/t @DA_Stockman pic.twitter.com/JQaVNxFGsX — Alastair (@StockBoardAsset) May 16, 2018 global synchronized growth narrative collapses pic.twitter.com/8bjvPwWhHx — Alastair (@StockBoardAsset) May 16, 2018 BBG: JPN's economy shrank for the first time in 2 years during the 1st quarter, contracting more than expected on a surprise fall … Read more

Has Mueller Given Comey Immunity??

Synopsis: Slowly, but relentlessly, the group of experts mostly coalescing around Fox News, are assembling not only the truth about what has been going on for the last 9 years, but gigantic and lawless scope of it. Former US Attorney for the District of Columbia, Joe DiGenova and former Federal Prosecutor Sidney Powell, summed up … Read more

Giuliani Ending Mueller Probe After Midterm Elections

https://www.youtube.com/watch?v=oGm0qXBv7RU Trump team ready to ‘pressure’ Mueller at probe’s one-year mark https://www.politico.com/story/2018/0… Judge rejects Manafort motion to dismiss Russia probe charges http://thehill.com/regulation/court-b… U.S. identifies suspect in major leak of CIA hacking tools https://www.washingtonpost.com/world/national-security/us-identifies-suspect-in-major-leak-of-cia-hacking-tools/2018/05/15/5d5ef3f8-5865-11e8-8836-a4a123c359ab_story.html?noredirect=on&utm_term=.b1b6abea69c9

Bernie Sanders: “Israel Should Be Condemned” For Killing Unarmed Protesters

Sen. Bernie Sanders condemned Israel’s response to violence on the Israel-Gaza border during an interview Monday with Mehdi Hasan of the Intercept, saying: “Innocent people are being killed.” “Do you believe, as many human rights groups — American, Israeli, Palestinian, European — are saying, that the IDF snipers shooting kids, people in wheelchairs, are those … Read more

OBAMA GROUP SUED For MISLEADING Chicago Residents About Building “Presidential Library” On Prime Property Will Build MASSIVE OBAMA SHRINE Instead

Barack Obama, who grew up in Hawaii, but likes to call Chicago his hometown, just landed the ultimate slap in the face to Chicago residents. The man without a legacy and his good friend, Chicago Mayor Rahm Emanuel, just pulled a disgusting bait and switch on the Chicago City Council. Instead of building a presidential … Read more