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Category Archives: Financial
Obama Economy: CNBC’s Rick Santelli on Terrible GDP Growth
httpv://www.youtube.com/watch?v=zqnlOLbI6XQ Related Article If It Wasn’t For Obamacare, Q1 GDP Would Be Negative
Posted in Editorial, Financial
Tagged Rick Santelli
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Isolated Russia Makes Friends: To Hold Military Drill With China; Strikes Multi-Billion Deals Qatar And Iran
The G-8 may be no more as the G-7 throws every possible case of harsh language known to man at the Kremlin, which obstinately refuses to back down, while re-escalating sanctions against a Russia which merely has done what the … Continue reading
52 Year-Old French Banker Jumps To Her Death In Paris
There have been 13 senior financial services executives deaths around the world this year, but the most notable thing about the sad suicide of the 14th, a 52-year-old banker at France’s Bred-Banque-Populaire, is she is the first female. As Le Parisien reports, … Continue reading
Posted in Editorial, Financial
2 Comments
War Breaking Out in Ukraine
httpv://www.youtube.com/watch?v=QYRrWNaVdsI#t=1s The reports coming out of Slavyansk, Ukraine are conflicting. Reuters is reporting that Ukrainian forces have regained control of the city but AFP and RT report fighting, six killed and that Russian forces still hold the city as Ukrainian forces … Continue reading
THE EMPTY GOLD VAULTS OF LONDON
With the price smashes of the past few weeks, the increasing desperation of the bullion banks seems palpable. I now believe that we are truly witnessing the end of the era. We’ve all been waiting for the day when the fractional … Continue reading
BOMBSHELL CHINESE REVELATIONS: CHINESE BANKS AND 100,000 ‘OUTLETS’ SELLING GOLD TO PUBLIC!
In a MUST SEE interview with Bloomberg, Albert Cheng, the World Gold Council’s Managing Director, Far East dropped 2 bombshells regarding Chinese gold demand. First, Cheng revealed that nearly every Chinese Bank is now selling gold over the counter directly to the … Continue reading
Could Putin Crash our Economy? What Should We Do About It?
by KEVIN D. FREEMAN Two of the biggest news stories of the year are 1) the Russian invasion of Ukraine, and 2) the debate over High-Frequency Trading following the publication of Michael Lewis’ new book Flash Boys. While the two stories seemingly cover very different topics, … Continue reading
This Chart Shows Us How Bad The Economy Really Is: “Flashing Red Warning”
by Mac Slavo Forget about all the minute-by-minute noise for a moment and take a look at the following chart. It gives a very simple overview of earnings growth trends for stocks listed on the S&P 500 on a quarterly … Continue reading
Two Stock Market Points for Your Consideration
The stock market just finished a bad week. The Dow Jones closed down another 143 points today (April 11, 2014) with a loss of 2.35% for the week on higher than average volume. There are two interesting facts concerning the … Continue reading
Bitcoin Is a Revolution, Not an Investment
FREEMANSPERSPECTIVE It has been interesting to see large numbers of people pay attention to Bitcoin in the past year or so. The reason for that attention was the exchange price of Bitcoin, which made a lot of early adopters wealthy. … Continue reading
Posted in Editorial, Financial
Tagged Bitcoin, Paul Rosenberg
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US Inflation Jumps To Highest In 7 Months
Producer Price Inflation data soared higher than expectations across the board this morning with Final Demand up 1.4% YoY (against 1.1% expectation) to its highest since Aug 2013. The main driver was food and apparel prices (rather unexpectedly) but we also … Continue reading
JP Morgan profit falls 19 percent as trading revenue drops
JPMorgan Chase & Co reported a 19 percent decline in first-quarter profit as revenue from securities trading fell in a climate of uncertainty about the strength of the economic recovery and the Federal Reserve’s intentions on interest rates. Net income fell … Continue reading
Are You Watching?
Nikkei 225 -14.31% Year-to-Date Source Related Article Tech stock rout continues in Asia Asian tech and telecom stocks plunged Friday as investors sold off their holdings, alarmed by yet another slump in U.S. stocks.
10 Reasons You Have To Quit Your Job In 2014
by James Altucher I’m going to tell you why you have to quit your job. Why you need to get the ideas moving. Why you need to build a foundation for your life or soon you will have no roof. 1) … Continue reading
Posted in Editorial, Financial
Tagged James Altucher
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Another Chinese High Yield Bond Issuer Declares Bankruptcy
Another week, another Chinese default. A month after Chaori Solar’s default turned on its head a long-held assumption that even high-yielding debt carried an implicit state guarantee, another Chinese firm has succumbed to the inevitable outcome resulting from a lack … Continue reading