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The Bail-Ins Are Back! Portugal Slaps Senior Bank Bondholders With €2 Billion...
A little over a week ago, Portugal announced that for the second time in less than two years, Lisbon would be forced to bailout a large lender. This time around it was Banif, the country’s...
View ArticleFrontrunning: January 6
Obama, wiping tears, makes new push to tighten gun rules (Reuters)Global stocks hit by China worries, North Korea nuclear test (Reuters)Oil hits 11-year low, Saudi-Iran row cuts chances of output...
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FBI Said To Probe If Hillary Clinton Violated Public Corruption Laws
In what may be the latest bad news for Hillary Clinton, whose various "previous life" scandals - from emails, to Clinton foundation donations - refuse to go away, the Hill reports, citing Fox News,...
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Trapped Inside The Zero-Bound: Crossing The Economic "Event Horizon"
Submitted by Mark Jeftovic via Rebooting Capitalism blog,A friend of mine, a very successful tech CEO who is also profoundly astute in matters of finance, once asked his economics prof during a lecture...
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Billionaire Blackstone CEO Trolls American Public – Doesn't Get Why People...
Submitted by Mike Krieger via Liberty Blitzkrieg blog,DAVOS MAN: “A soulless man, technocratic, nationless and cultureless, severed from reality. The modern economics that undergirded Davos capitalism...
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Attention Finally Turns To Saudi Arabia's "Secret" US Treasury Holdings
In November of 2014, we announced the quiet death of the petrodollar.The system which underwrote decades of dollar dominance and kept a perpetual bid under USD assets met an untimely demise when the...
View ArticleWhy the Black Hole of Deflation Is Swallowing the Entire World … Even After...
Deflation Threatens to Swallow the WorldMany high-powered people and institutions say that deflation is threatening much of the world’s economy …China may export deflation to the rest of the...
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3% Downpayment FHA Loans Surge As Subprime Buyers Are Back In The Housing Market
Submitted by Mike Krieger via Liberty Blitzkrieg blog,Americans across the country have been priced out of the U.S. housing market since the “recovery” began due to a combination of factors; stagnant...
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A Whole New Level Of Moral Hazard: China Will Use Public Funds To Cover...
It should surprise nobody that when it comes to perpetuating the global central bank "put", China - which is at daily danger of having its house of trillions in non-performing loan card collapse at any...
View ArticleFrontrunning: January 29
World shares heat up as Bank of Japan goes sub-zero (Reuters)Stocks Rally With Bonds as BOJ Ends Grim January on High Note (BBG)Japan Follows Europe Into Negative Interest Rate Territory (WSJ)Decision...
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Here's Which Stocks Sovereign Wealth Funds Will Be Selling In 2016
Back in August we explained why the headline figures for EM FX reserves paint an incomplete picture with regard to the UST liquidation among commodity producers and emerging market reserve managers. As...
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The Democracy Of The Billionaires
Authored by Nomi Prins, originally posted at TomDispatch.com,Speaking of the need for citizen participation in our national politics in his finalState of the Union address, President Obama said, “Our...
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Futures Flat As Dollar Weakness Persists, Crude Rally Fizzles
After yesterday's torrid, chaotic moves in the market, where an initial drop in stocks was quickly pared and led to a surge into the close after a weaker dollar on the heels of even more disappointing...
View ArticleFrontrunning: February 4
EU Slashes 2016 Inflation Forecast to 0.5% as Growth Seen Slower (BBG)Bank of England cuts UK growth forecasts (FT)Investors Cast Wary Eye on Fed Rate Increases (WSJ)U.N. halts Syria talks as...
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This Is What Hillary Told Wall Street Behind Closed Doors
Bernie Sanders has found the chink in Hillary Clinton’s political armor - and it has nothing to do with a private e-mail server.The riley socialist has begun hitting the former First Lady hard on her...
View ArticleFrontrunning: February 8
European stocks plunge as Lunar New Year offers no cheer (Reuters)European Stocks Fall, Credit Weakens as Signs of Distress Abound (BBG)Management trouble at world's biggest hedge fund: Bridgewater...
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"Timmy" Geithner Gets Loan From Jamie Dimon For PE Investment
“You are in a position to make 20 percent to 30 percent on your position in the fund. Why wouldn’t you buy in at Libor-plus to leverage that up?”Good question. That quote is from Tom Bernhardt, a...
View ArticleFrontrunning: February 9
Investors dump stocks (Reuters)Global Bond Rally Near `Panic' Level With Japan Yield Below Zero (BBG)Global Growth Fears Hit Bank Stocks (WSJ)GOP Race for Second in New Hampshire Intensifies (WSJ)N.H....
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S&P Downgrades Banks With Highest Energy Exposure; Expects "Sharp Increase"...
Moments ago S&P continued its downgrade cycle, this time taking the axe to the regional banks with the highest energy exposure due to "expectations for higher loan losses." Specifically, its...
View ArticleCentral Banks Are Trojan Horses, Looting Their Host Nations
A Nobel prize winning economist, former chief economist and senior vice president of the World Bank, and chairman of the President’s council of economic advisers (Joseph Stiglitz) says that the...
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