(Adds details about bank fees, attorney’s fees, paragraphs 3, 7)By Jonathan StempelMay 14 (Reuters) — Bank of America Corp agreed to pay $75 million to settle a lawsuit accusing the
www.lbc.co.uk/news/uk-borrowing-…-trillion/ “The total public sector debt is now £2.131 trillion, the ONS said. The £19.1bn figure is the most that the public sector has borrowed during any February since records
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Then there’s the sinkhole of $1.5 trillion in MBS and $617 billion in Treasuries that mature in over 10 years. In March, the Fed shed $34
by Lance Roberts Bull Run Reaches Exhaustion Sector & Market Analysis 401k Plan Manager On Tuesday, we discussed a very important point with respect to the bull run so far.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Getting rid of MBS faster and shifting to short-term Treasury bills will be on the list. The Fed shed $32 billion in assets in January, according
Central bank gold-buying reaches half-century high [FT] Central bank buying of gold reached its highest levels for almost half a century last year, as Russia, Turkey and Kazakhstan boosted purchases
via ABCNEWS: The second-largest, second-deadliest Ebola outbreak in history has reached 600 confirmed cases in five months, health officials said. Since the outbreak was declared in the Democratic Republic of the Congo
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The Federal Reserve shed $54 billion in assets over the five weekly balance sheet periods that encompass the calendar month of November. This reduced the assets
YOUNTVILLE (CBS SF) — It was a strange scene on an Autumn afternoon in Wine Country. People walking up and down Yountville’s main street wearing surgical masks. Across the Bay
A cashless society could have “adverse collective outcomes.” By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. In recent months, a slew of political and financial institutions have raised concerns
by Dr. Eowyn Typhus, or typhus fever is an infectious disease spread by fleas. Symptoms can include high fever, headache, chills, and body aches, rashes and in some rare cases, meningitis
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The “up to” begins to matter for the first time. The Fed released its weekly balance sheet Thursday afternoon. Over the four-week period from September 6 through October
Authored by Charles Hugh Smith via OfTwoMinds blog, Keep an eye on the system’s buffers. They look fine until they suddenly collapse. The doom-and-gloomers among us who have been predicting
Global Debt Just as rates rise and money supply growth moderates… … Global debt to EBITDA reaches multi-year highs.
by John Rubino Economist Peter Bookvar recently analyzed the the anecdotal evidence of capacity constraints piling up in recent industry surveys, including the following: “Business is strong in all regions. Materials are
