by tektonic_plates Aussie bank stocks have been on a downward trend for more than a year with further sharply declines recently. At current levels some income investors may want to take a look. All 4 that trade on the US …
https://www.youtube.com/watch?v=Kc_R-s0T2qQ The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent …
Josh Sigurdson talks with author and economic analyst John Sneisen about the coming global bank crash as JP Morgan finally sees red year to date meaning that all of the big banks are seeing red for the year. This is …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter HSBC makes it official. The HSBC branch on Montgomery Street in San Francisco caught my attention this weekend with a poster. It showed a large red “2.01%” and the phrase, “Business Elite Savings Account.” An interest …
“Doom loop” begins to exact its pound of flesh. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Risk. Exposure. Contagion. These are three words we’re likely to hear more and more in relation to Europe, as the Eurozone’s debt …
Bitcoin was established nearly 10 years ago. Since then, crypto and digital currencies have spent the majority of their existence on the fringes. A tech-savvy minority were the first adopters of the decentralized blockchain technology. However, with the many stories …
via The Phoenix To recap yesterday’s piece concerning the recent shift in Central Bank policy, from mid-2016 onward: 1) Central Banks engaging in emergency levels of QE at a time in which their respective economies were growing. 2) Inflation bottoming then …
U.S. Banks Reported Record First-Quarter Profit WASHINGTON—U.S. banks notched a record quarterly profit to start 2018, newly released data show, a result of the new tax law, rising interest rates and an improving economy. The industry, spanning banks from global …
Blockchain is going to revolutionize many industries, one in particular is going to be the precious metals market. Sears is closing more stores and Victoria Secrets/Pink are reporting a slowing in growth. The US and the world is shackled in …
https://twitter.com/OccupyWisdom/status/998352937289240578 #Subprime #auto deliquency (60-day) is at a 22 year high. This is when credit charge offs and delinquency rates among smaller banks are surging. But, remember: the unemployment rate is under 4 percent. What happens when it doubles? #fed …
Central #Banks Slam #Gold Prices $1286.10: As Demand Surges, Supply Contracts and #Stocks, #Bonds, #Property, and credit BUBBLES! When Central banks become unable to manipulate the price of gold the #USD will plummet, as will other assets. pic.twitter.com/c1pyI3wyHL — Planet …
via Economica: Everyone knows the parable of the frog and scorpion. The scorpion asks the frog for a ride across the river, and while the frog is making his way across, the scorpion stings him. As the frog is dying, …
Banks are now turning towards blockchain technology. HSBC completes its first trade-finance using blockchain. NYSE plans to settle bitcoin futures using physical bitcoins instead of fiat currency. St. Louis Fed says cryptocurrency is not currency, it is backed by nothing, …
by Armstrong Economics QUESTION: why national debts eventually default Martin to answer this question you said: we need to introduce currency. France and Germany were less impacted by converting to the Euro than Greece, Italy, Spain, and Portugal. Why? Currency Inflation! …
Alan Greenspan on Gold and Central Banks Last month Dr Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System, spoke at our inaugural investment summit on gold and central banks #globalinvest18 pic.twitter.com/Ixfth3dhlt — World Gold …
by Martin Armstrong QUESTION: Socrates did an amazing job. It called the high in BitCoin right to the day. That makes me wonder. After thinking quietly about the claim that cryptocurrencies will replace everything as a new world monetary system …
Venezuela and Palestine decide to use cryptocurrency to bypass the dollar. More and more nations are starting to move into the blockchain so they do not need to deal with sanctions or the dollar. The Fed has made it known …
by Steve St Angelo of SRSrocco Report The switch from Central bank gold sales to purchases had a big impact on the gold market. Precious metals investors fail to realize that Central banks sold a staggering amount of gold into the market up …
Will the next crash be worse than the last one? Prins says, “Yes, it will because we will be falling from a higher height. The idea here is you are sinking on the Titanic as opposed to sinking on a …
https://www.youtube.com/watch?v=vCCAMzgraGU Today’s Guest: V, Crypto Z & Crypto Cowboy Crypto School Watch Us Trade http://x22reportschool.com
via Danielle Park Few appreciate why central banks have been so committed to enabling banks and excessive debt creation. The truth is that our financial demise is baked into their design. See Fox in the Hen House: Why interest rates are rising: …
A project of “mind-watering” magnitude in money and corruption. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The Mexican peso suffered its biggest rout in four months on Thursday, likely due to the realization dawning on market participants that …
by dequeued A lot of people ask “what bank should I use?” and a small number of banks and credit unions get most of the airtime here so I wanted to compile a list of recommendations (and add it to …
by Simon Black http://traffic.libsyn.com/sovman/092__Why_on_earth_are_you_still_letting_big_banks_screw_you_.mp3 Wells Fargo stole the headlines yet again today for defrauding its clients. The bank was fined $1 billion today for selling over 500,000 clients auto insurance they didn’t need (which in some cases caused the owners to …
This model has been getting kicked around for the past year or so, but in various forms. About 6 months ago, the Congress was looking to allow pay day lenders the ability to skirt customer protection laws in states by …
The house of lords or pushing to overturn the BREXIT, the central bankers will not allow the BREXIT to happen and they will used everything they have to stop it.The Canadians just broke the old record for borrowing against their …
from Zero Hedge We can finally put to rest any financial, economic, ideological or simply philosophical debates why stocks have risen over 300% since the March 2009 post-crisis lows of 666, and we have Lloyd Blankfein’s underperformance mea culpa to thank for putting …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Well, they do pay higher rates, but not to their own clients. Interest rates from the very short-term through two-year maturities have surged since the Fed got serious about raising rates. In terms of the Treasury …
By John Murphy JP MORGAN CHASE SUFFERS DOWNSIDE REVERSAL ON FRIDAY… Friday had to be a very discouraging day for investors in bank stocks. After reporting first quarter earnings that were much higher than expected, bank stocks opened higher before plunging …
