financial
Gerald Celente: The Greatest Recession Has Begun, Prepare For The Worst… Ray Dalio: This Will Lead To ‘Disastrous Financial Collapse’
‘Disastrous financial collapse’: Ray Dalio on problem bigger than raising debt ceiling Raising the U.S. $31.4 trillion debt limit without fixing the issue at large is a “kick-the-can-down-the-road” type solution that will eventually lead to a “disastrous financial collapse,” billionaire …
JP Morgan Chase FINRA Discipline Alert! From January 2019 to July 2022, the firm’s financial risk management controls and supervisory procedures were not reasonably designed to prevent certain erroneous orders that exceeded appropriate price or size parameters. Punishment? A $750k fine & censure.
by Dismal-Jellyfish https://www.finra.org/sites/default/files/fda_documents/2018058111301%20J.P.%20Morgan%20Securities%2C%20LLC%20CRD%2079%20AWC%20gg.pdf The firm’s market access controls failed to prevent five erroneous orders routed to exchanges and alternative trading systems: On January 30, 2019, a firm trader on the Program Trading Agency Desk routed to the market an order …
Trust is already lost. We are just waiting for the financial collapse
via theguardian Central banks risk losing public trust if they fail to bring down high rates of inflation found across the developed world, according to the boss of the body that advises them. Agustín Carstens, the director of the Bank …
SEC Chair Gary Gensler: “Though I’m not suggesting that such individual funds areas large as today’s largest banks, as noted in the Federal Reserve’s recent Financial Stability Report, the largest hedge funds by gross asset value have at times on average exceeded 20-to-1 leverage.
by Dismal-Jellyfish https://www.sec.gov/news/speech/gensler-honest-unbiased-investment-management-05192023#_ftn10 SEC Chair Gary Gensler in speech “Honest and Unbiased Investment Management”: Remarks before the Inaugural Conference on Emerging Trends in Asset Management Highlights Private Funds: Today, nearly 75 years later, the private fund industry has grown to …
Since Russia-Ukraine war, the 30 members of the military alliance have committed at least $80bn worth of military, humanitarian and financial aid to Kyiv, now Ukraine’s Defeat In Bakhmut Is Inevitable.
‘Most media outlets have avoided for months showing any maps of Bakhmut. Thus they can keep the narrative that the battle for the town is ongoing but outcome uncertain. They will admit the retreat from Bakhmut 2 months after the …
Financial Post: The debt-to-income ratio has reached “record” levels of 180%
Gotta be careful with floating interest rates in these times – consumer credit, car financing, and credit cards. — sve (@grigorov) May 17, 2023 For Gen Z, 8.31% of credit-card debt have transitioned to serious delinquency — which means 90 …
Americans are showing signs of financial stress as they add $148 billion in debt and fail to pay off their credit cards
via fortune: “Credit card balances were flat in the first quarter, at $986 billion, bucking the typical trend of balance declines in first quarters,” researchers wrote in the report. “US households showed signs of increasing financial stress in the first …
Crisis? US Loan Demand Weakens By Most Since 2009 Financial Crisis (Bidenflation + Fed Rate Hikes = Collapsing Loan Demand)
by confoundedinterest17 Inflatiion Joe Biden (or Unaffordable Joe). Bidenflation has led to The Federal Reserve tightening interest rates. As I said on Stuart Varney’s show years ago, “When The Fed starts raising rates, KABOOM!” Now we are seeing US Loan …
BlackRock & Other Financial Companies Banned From State Business in Oklahoma Over Woke ESG Policies
‘It is essential for us to work with financial institutions that are focused on free-market principles and not beholden to social goals that override their fiduciary duties.’ The Oklahoma State Treasurer’s Office has announced that it will bar 13 major …
Remember when the SEC banned short sales on ~1,000 financial stocks on September 19th, 2008, and then the S&P 500 index fell ~50%?
by TonyLiberty The SEC banned short sales on ~1,000 financial stocks on September 19th, 2008. The SEC’s ban on short selling was intended to prevent investors from driving down the prices of financial stocks by shorting them. But, the S&P …
Peter Schiff tweets about gold stocks and the latest financial crisis
Peter Schiff – Twitter, Released on 5/4/23 Tweet 1 (scroll down for more) #Gold stocks are hitting new 52-week highs today as #bank stocks are hitting new 52-week lows. This is not the end of this rotation, but the beginning. …
WARNING from Rich Dad Poor Dad, Robert Kiyosaki – The Coming Financial Tsunami There’s an urgent situation unfolding right now!
From Robert Kiyosaki, best-selling author of Rich Dad, Poor Dad: There’s an urgent situation unfolding right now! The Federal Reserve just warned the world to ‘expect a mild recession this year’. What this really means: Expect all hell to break …
Three More Banks See Stock Trading HALTED, Financial Sector Collapse Contagion Accelerates as Migrant INVASION Staged for US Southern Border
Central banks are buying gold at a record pace in anticipation of fiat currency collapse. Meanwhile, the commercial banking sector is imploding. Just today, three more banks were halted on the stock exchange as their stock prices collapsed. Those three …
“The U.S. dollar is the biggest financial terrorist!” — Indian billionaire and bank CEO, Uday Kotak.
“The U.S. dollar is the biggest financial terrorist!” — Indian billionaire and bank CEO, Uday Kotak. 💥 He went on to sound like Xi Jinping — “The world is desperately looking for an alternative. These changes happen every hundred years …
Fed Emergency Loans Rise Again Amid Renewed Financial Stress
via YAHOO: (Bloomberg) — Just when it seemed the US regional banking strains were starting to ease, First Republic Bank has leaped back into headlines, reigniting concerns of rising pain in the lending system. Banks increased emergency borrowing from the …
This Coming Financial Crisis Is Different, but Gold Is the Same as Ever
Photo by JESHOOTS.COM From Peter Reagan at Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: What to watch out for in the coming financial crisis, Citi thinks …
Warning: the Financial System is About to Lose Its Last Major Prop
By Graham Summers, MBA Japan just reported inflation of 3.5%. This is a big deal. Why? First and foremost, it’s significantly higher than expectations: 3.5% vs 3.2%. Secondly, it shows that inflation is turning back upwards in Japan. Last month’s …
A $3 trillion threat to global financial markets looms in Japan
Bank of Japan Gov. Haruhiko Kuroda changed the course of global markets when he unleashed a $3.4 trillion firehose of Japanese cash on the investment world. Now Kazuo Ueda is likely to dismantle his legacy, setting the stage for a …
Mohamed El-Erian warns of recession, Fed-triggered financial accidents and commercial real-estate’s ‘moment of truth’
via businessinsider: Mohamed El-Erian addressed the key concerns investors are grappling with today, in an Insider interview. He flagged recession risks, covered credit-crunch concerns, and bemoaned the Fed’s tight monetary policy. The top economist also sounded the alarm on commercial …
So Many Open Signs of Financial Disaster Ahead and Gold Working
By Matthew Piepenburg From oil markets to treasury stacking, backdoor QE, investor fantasy and hedge fund prepping, it’s becoming more and more clear that the big boys are bracing for disaster as gold stretches its legs for a rapid run …
Marjorie Taylor Greene: 2,000+ Pages Of Financial Records Reveal Biden Family Has Committed ‘Unbelievable’ Crimes
https://twitter.com/TheCuemaster/status/1648495954532925440 pic.twitter.com/agTy2H34Sm — Mike Gill (@MikeGil21446788) April 18, 2023
Comer Says New Financial Records Reveal SIX ADDITIONAL Biden Family Members Involved in Shady Overseas Deals
INDICT THE BIDENS NOW! House Oversight Chairman James Comer on Monday revealed SIX ADDITIONAL Biden family members were involved in the Biden Crime Family’s shady overseas business deals. “Thousands of pages of financial records related to the Biden family, their …
The Car Market Collapse Is Going To Unleash The Most Devastating Financial Crisis Since 2008
New signs of stress in the ballooning trillion-dollar U.S. auto market are pointing to an impending collapse as storm clouds continue to gather in the economic and financial landscape. Serious delinquencies in auto loans — defined as behind on payments …
Prepare for US stocks to plunge, the economy to slump, and more financial fiascos to emerge, Jeremy Grantham has warned.
Jeremy Grantham expects stocks to tank, a recession to bite, and more financial disasters to occur. The S&P 500 will plunge by at least 27%, and could plummet by more than 50%, the GMO cofounder says. Grantham predicts stress on …
Financial Do’s & Don’ts for Busy Adults
Are you setting aside enough money from each paycheck for long-term savings? What about cosigning on student loans? Is it a good or bad idea? What’s the smartest way to use credit cards? Is there a way to pay less …
Ways to Accomplish Lifestyle Investing and Financial Independence
Creating the lifestyle you want requires a willingness to go against the grain. You’ll have to buck the status quo as you pursue financial independence outside of the norm. It takes tenacity, measured risk-taking, and creativity to become a lifestyle …
More Bailouts for Bankers Won’t Fix a Broken Financial System
by: Jon Forrest Little The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. So banks in the United States are technically not required to back customers’ deposits with anything. Even as Chairman Jerome Powell had previously …
Never Ending Financial Crisis? US Bank Deposits Were Declining Already When SVB Failed
by confoundedinterest17 We have a seemingly never ending financial crisis. US commercial banks deposits (red line) had been slowly declining even before Silicon Valley Bank failed. Along with Signature Bank and First Republic Bank, not to mention Credit Suisse. And …
Several U.S Banks Subpoenaed For Biden Family’s Financial Records
JUST IN – Several major U.S. banks subpoenaed for financial records belonging to the Biden family. — Disclose.tv (@disclosetv) April 7, 2023 BREAKING: Multiple major banks including JP Morgan and Bank of America have been subpoenaed for Biden family finance …