T-Room

The Best in Alternative News

Finance

Latest News

at

Peter Schiff: We’re in a house of cards that the Fed built…

Economic analyst Peter Schiff, who accurately predicted the 2008 recession said recently that we are not in a bear market. Instead, “we’re in a house of cards that the Fed built.” Schiff is referring to the Federal Reserve, the United States’ central bank that answers to no one, has no competition, and has been responsible […]

at

Good Grief! Enough of the Drama and Pass the Damned Bill…

The Senate on Friday was scrambling to take up a spending package with billions in funding for a border wall, as President Trump made clear there’s a “good chance” for a partial government shutdown at midnight. Behind the scenes, negotiations were still ongoing into the late afternoon, with Vice President Mike Pence seen meeting with […]

Related

at

Former Goldman Vice President Pleads Guilty to Insider Trading…

A former Goldman Sachs Vice President pleaded guilty on Wednesday to insider trading, after prosecutors alleged that he made over $130,000 in illegal profits. From 2015 through 2017, Woojae “Steve” Jung used his access to material non-public information on Goldman clients’ potential parties to mergers, acquisitions and corproate restructurings to trade through an account established […]

at

Treasury Drops Sanctions Against Rusal After Striking Deal with Russian Oligarch…

Offering some relief to industrial firms in the US and Europe, which have struggled with higher aluminum prices (on top of Trump’s tariffs on aluminum entering the US), the Treasury announced on Wednesday that it has struck a deal with Russian billionaire Oleg Deripaska to remove sanctions on Rusal, En+ Group Plc and JSC EuroSibEnergo […]

Related

at

U.S. Secures 20-year Deal to Supply Natural Gas to Poland…

Poland has signed a long-term deal with a U.S. company for supplies of liquefied natural gas as part of an effort to reduce its dependence on Russian energy, the two sides announced on Wednesday. Port Arthur LNG, a subsidiary of San Diego-based Sempra Energy, and Poland’s state gas company PGNiG jointly announced the agreement for […]

at

14,889,930,106,680 Reasons to Fear Recession…

Traders and investors will be glad to see the back of 2018. It’s been the worst rout since 1901, by Deutsche Bank AG’s reckoning, with almost every asset class delivering losses. These charts illustrate the backdrop to what went wrong this year — and hint at what could go better in 2019. $14,889,930,106,680. That’s how […]

at

It’s Happening – This Is “THE” Fight, There Are Trillions at Stake…

CTH has pointed, repeatedly, toward a very specific economic and financial dynamic because President Trump is uniquely focused on Main Street’s “real economy“. Everything happening in/around the financial markets is very predictable when you focus on understanding the principles of Main Street MAGAnomics and how those basic principles diverge from Wall Street’s “paper economy”. “Everything […]

at

China to Cut Tax on US Vehicles to Ease Trade Tensions…

China will remove the retaliatory duty on automobiles imported from the U.S. for three months in an effort to defuse trade tensions with the world’s biggest economy. The 25% tariff it imposed in a tit-for-tat measure will be scrapped starting Jan. 1, the finance ministry said Friday. Earlier this week, Bloomberg News reported that China […]

at

Opportunity Zones: Turning Neglected Neighborhoods Into Attractive Investments…

With incentives provided by the Tax Cut and Jobs Act, investors are eager to deploy money into opportunity zones, which are designed to bring investment and jobs to economically distressed areas. The opportunity zones project has the potential to become the nation’s largest economic-development program. By offering substantial tax breaks, this new program encourages private […]

at

“This Is A Bear Market”…

A sheepish Scott Wapner dared to ask DoubleLine’s Jeffrey Gundlach an open-ended question about the stock market, and we suspect the response he got was far from what he wanted to hear. “I’m pretty sure this is a long-term bear market for stocks…S&P is headed to new lows” “We’ve had pretty much all of the […]

at

Over $500k Spilled from Armored Truck, $300k Still Missing…

More than half a million dollars spilled from an armored truck onto a New Jersey highway, and nearly $300,000 remains missing a day later, police said Friday. East Rutherford police said in a statement that two bags of cash fell from a Brink’s truck near MetLife Stadium on Thursday. One of the plastic bags had […]

at

DeVos to Cancel $150M in Student Loan Debt After Court Loss…

The Education Department on Thursday announced that it will be canceling $150 million in student loans, upholding an Obama-era policy that Secretary Betsy DeVos has long fought to overhaul. DeVos had previously proposed to restrict “borrower defense” claims brought by students who had been enrolled in schools that were either closed or made false promises, […]

at

China Makes First Big U.S. Soybean Purchase Since Trump-Xi Truce…

China on Wednesday made its first major purchases of U.S. soybeans since President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier this month, providing some relief to U.S. farmers who have struggled to find buyers for their record-large harvest. Trump told Reuters in an interview on Tuesday the Chinese […]

at

The Economy “Rigging” That Impacts Americans…

I apologize in advance for my shortcomings in trying to de-wonk multinational economics and the financial constructs that impact, at the core, the U.S. worker and consumer. It’s a big issue to tackle in digestible portions. However, that said some inflationary statistics are presenting an opportunity for expanded discussion. Reuters has an article out today […]

at

GM Discovers That Government Bailouts Come with Golden Chains Attached…

General Motors recently announced that it will stop production and lay off some 15,000 employees at several U.S. and Canadian facilities. The announcement elicited a predictable outburst of indignation from President Trump. He said in a Twitter tirade that his administration is “looking into cutting all @GM subsidies, including … for electric cars.” That’s a […]

at

Gender Wage Gap Is Due to Men Working Longer Hours…

A pair of Harvard University Ph.D. candidates may have put a dagger in the mythical “gender wage gap” oft cited by politicians and pundits as an issue that can be addressed through governmental policy. In a paper titled, “Why Do Women Earn Less Than Men?” Valentin Bolotnyy and Natalia Emanuel study the unionized environment of […]

at

Sabotage? Has the Deep State Destroyed Trump’s Chances of a China Trade Deal?…

Somebody out there apparently does not want President Trump to make a trade deal with China. Just after U.S. and Chinese officials agreed to suspend the implementation of new tariffs for 90 days, one of China’s most important tech executives was literally kidnapped as she was changing planes in Canada. Huawei CFO Meng Wanzhou was […]

This website lives off the kindness of your donations. If you would like to support The T-Room please visit our PayPal.

Any publication posted at The T-Room and/or opinions expressed therein do not necessarily reflect the views of The T-Room. Such publications and all information within the publications (e.g. titles, dates, statistics, conclusions, sources, opinions, etc) are solely the responsibility of the author of the article, not The T-Room.