World's Wealthiest Became $1 Trillion Richer in 2017
The 23 percent increase on the Bloomberg Billionaires Index, a daily ranking of the world's 500 richest people, compares with an almost 20 percent increase for both the MSCI World Index and Standard...
View ArticleBitcoin as the first anti-fragile economical entity
``Antifragile entities thrive in disorder and chaos, not just weather them. They are more valuable in volatile times. That is exactly the case of Bitcoin. Western citizens (and senior bankers in...
View ArticleTrump criticizes USPS's Amazon discounts, here is the back story on its pricing
The package pricing, argued Citi, hurts USPS' competitors, who have to match similar pricing. It may also be hurting USPS itself.read more...
View ArticleGoldman Takes One-Time $5 Billion Hit From New U.S. Tax Law (CITI FACES $20+ B!)
While bank stocks have rallied on the tax bill's lower corporate rates, the new law requires charges in the near-term as foreign earnings face taxation and the value of deferred tax assets declines....
View ArticleZillow: As Rents Rise, More Renters Turn to Doubling Up
``30 percent of working-age adults--aged 23 to 65--live in doubled-up households, up from a low of 21 percent in 2005 and 23 percent in 1990... There is... evidence that doubling up is motivated by...
View ArticleKooky Mortgage Fraudster Cries For Release From Prison
Kooky Mortgage Fraudster Wants Out Of Prison To Help Trump Knock $3 Trillion Off National Debt
View ArticleCitimortgage Recruits Knuckles To Foreclosure On Retired Veteran
Citimortgage Pursues Foreclosure Against Veteran With The Zeal Of A Fat Guy At An All-You-Can-Eat Buffet
View ArticlePeter Thiel Is a Bitcoin Believer: Investment Now Worth Hundreds of Millions
``The value of the digital currency leapt about $1,000 this afternoon. Why? Turns out that the venture capitalist and his firm are believers... Has Founders Fund made money? The WSJ reports, citing its...
View ArticleCanada's insane housing bubble is just starting to burst with home values...
``The Canadian housing bubble is massive because when US real estate values were correcting and the market was being flushed, prices in Canada simply kept on climbing higher oblivious to what was going...
View ArticleSecond-Tier Crypto Coins Are Starting to Catch Up to Bitcoin
That kind of move raises questions as to whether speculators will drive up second-tier digital coins at the expense of bitcoin, even though they have different purposes. The paper value of all...
View ArticleGrant Williams on Peak Easing
Ah, but Grant notes, the global financial firmament is beginning to shake, rattle, and roll. He points -- as you have seen me pointing -- to a US Treasuries yield curve that is threatening to invert,...
View ArticleFederal Judge Finds PricewaterhouseCoopers Negligent in TBW Collapse
Federal Judge Finds PricewaterhouseCoopers Negligence Led To The Collapse Of Taylor, Bean & Whitaker And Colonial Bank
View ArticleGMO's Jeremy Grantham Says Stocks Could Be Heading for a âMelt-Up'
He warned investors to keep an eye on what is showing on television in restaurants. "When most have talking heads yammering about Amazon, Tencent and bitcoin and not Patriot replays -- just as late...
View ArticleSears to close another 100 stores on top of 250 already targeted
``Sears will be closing over 100 more stores as the struggling department store chain tries to turn around its business. The Hoffman Estates, Illinois-based company says that includes 64 Kmart stores...
View ArticleWall Street's love of tax cuts drives Dow to 25,000 mark
It's easy to see why investors like the tax overhaul: Businesses will benefit from a steep cut in the corporate tax rate. They'll also be able to fully deduct the cost of major purchases from their...
View ArticleSloth-like Fed Shrinks Balance Sheet By 0.14% Or $6 Billion (Will Take 700...
``As an example, the latest SOMA report from the Fed on New York saw a $6 billion decline in the Fed balance sheet. That is only 0.14% per week. At this rate, it will take over 700 weeks (or 13.46...
View ArticleInvestors should be 'terrified' about the 'exponential' risk associated with...
``Despite the Dow's rise above 25K, MBMG's Paul Gambles says concerted worldwide growth was seen during previous financial crises and therefore the current risk to investors is "exponential." '' -- The...
View ArticleIn Trump's first year, stocks soar for rich, but wages stay flat
Trump is facing a similar problem that plagued Obama: The stock market is soaring, but wages are stagnant. The Dow Jones industrial average jumped 25 percent in 2017 and is up more than 30 percent...
View ArticleQE Party Over, even by the Bank of Japan
``In reality, after years of blistering asset purchases, the Bank of Japan disclosed today that total assets on its balance sheet actually inched down by ¥444 billion ($3.9 billion) from the end of...
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