80.3 F
Thursday, September 23, 2021

Chinese Banks Urged To Switch From SWIFT And Drop USD In Anticipation Of US...

Even as the market does its best to ignore the unprecedented upheavals in US-Sino relations in everything from trade, to diplomacy, to financial relations, the truth is that there are tectonic shifts tearing apart decades of established norms between the two superpowers, and one doesn't even have to dig too deep to see it. Consider…

The Latest Reports About Wall Street’s Corruption

Eric Zuesse Here are the latest 10 news-reports from the indispensable best reporters on Wall Street’s corruptness, Pam and Russ Martens, at their indispensable news-site, “Wall Street on Parade”: Wall Street on Parade reports during 10-22 June 2020: $340 Billion of the $454 Billion that Mnuchin Was to Turn Over to the Fed is Unaccounted…

In March The Banks Vowed Not To Fire Workers; They Kept That Promise For...

In late March with markets  plunging and the economy grinding to a halt, the big banks scrambled to assure their employees that they would still have a job in the coming months amid the chaotic carnage. This is what Reuters reported at the time: Big banks are postponing decisions about staff cuts as the coronavirus…

Central Banks Have Pumped An Annualized $23.4 Trillion Into The Financial System

You know there is a lot of confusion in the market when even fundamental, deep-value investing bloggers legends like Howard Marks now flip-flop every single week (accompanied by one investor letter after another) from bearish to bullish and back again, as if so much has changed besides, you know, the stock market: April 20: Widely…

Food Banks Overwhelmed As America’s “Working Poor” Starve During Lockdown

America is crashing into a depression. In just two weeks, 10 million people have claimed unemployment benefits. This has put unprecedented stress on food bank networks across the country, a new investigation via The Guardian shows.  The US labor market is in free fall – the increasing lockdowns across major US metropolitan areas have forced millions of people…

US Banks Suspend Stock Buybacks

Update: As expected, it's not just JPM, but all major US banks which are ending stock buybacks, with the Financial Service Forum which represents eight of the nation's largest banks including JPM, BofA, Citi, Goldman and others are done repurchasing stock until at least the end of Q2. The forum said its members will use…

Central Banks Have Made Markets So Fragile, Liquidity Premiums Are Now Negative

Back in late December, when the market was melting up every single day with zero regard for economic data or newsflow, we pointed out something ominous: the world's most liquid stock market, the S&P500, was now as (il)liquid as it was during the 2008 financial crisis. As BofA's Benjamin Bowler wrote, while market liquidity generally…

Elizabeth Warren Asks Big Banks to Detail Their Preparations for Climate Change Risks

Spencer Platt/Getty Images Sen. Elizabeth Warren (D-MA) sent a letter to a number of U.S. banks, asking them to detail the preparations they are making for what she considers the impending climate change crisis, Reuters reported on Wednesday. According to Reuters, Warren — an advocate for the Green New Deal and Blue New Deal —…

Central Banks Alarming Moves Towards Social Engineering

Authored by Bruce Wilds via Advancing Time blog, Recently the central banks have found themselves grasping at straws when it comes to moving the economy forward. Signs have begun to appear on the horizon that in the future they will attempt to expand their power by increasing their role in social engineering. This is a…

As Central Banks Spark Trading Floor Chaos, Women Traders Blame Sexism

As Central Banks have made a mockery out of trading floors worldwide, the blame of course winds up squarely on... ...gender discrimination? That's right: women are starting to desert the trading floor at banks, blaming "bias" and "microaggressions" as reasons for leaving their jobs as traders, according to Bloomberg. The outlet recently profiled women like…
Web Hosting

Recent Posts

USD - United States Dollar