Yellen was hawkish but offered some dovish hope, Fischer dashed that hope, and Powell piled on… (Once again it seems VIX 14 was the target)…
Finance
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VW and Dealers Reach Tentative Settlement…
Volkswagen continues to make amends, reaching a tentative agreement with its U.S. dealers to compensate them for losses they suffered as a result of the automakers emissions cheating…
Uber Is Playing a $16 Billion Game of Chicken…
Your current Uber experience is unsustainable. A Bloombergreport Thursday revealed that Uber continues to lose an astounding amount of money as it tries to figure out…
Bill Gross: Yellen’s Economy “May Never Walk Normally Again, This Is Not Capitalism”…
“This is not capitalism. This is providing a walker or a wheelchair for an ailing economy. It may never walk normally again if monetary policy continues in this direction”…
Busting the Banksters: The Case for Super Glass-Steagall–Part 1/2…
The mainstream narrative about “recovery” from the financial crisis is a giant con job. And nowhere does the mendacity run deeper than in the “banks are fixed” meme…
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Deutsche Bank’s $10B Scandal…
How a scheme to help Russians secretly funnel money offshore unravelled…
What’s up with the Massive EpiPen Price Hike?….
Senator Charles Grassley, an Iowa Republican, asked Mylan to explain a steep price increase in the price of Epipens in recent years, citing complaints from…
Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An “Economic Shock”…
In a Fed Staff working paper released over the weekend titled “Gauging the Ability of the FOMC to Respond to Future Recessions” and penned by deputy director of…
Student Loan Debt Slaves Get the Runaround Seeking Promised Relief…
Last Thursday the Consumer Financial Protection Bureau Student Loan Ombudsman released a report detailing the hurdles and outright barriers that college students who…
Obscene: Bill Gate’s Net Worth Hits $90B…
The net worth of the world’s richest person Bill Gates hit an all-time high of $90 billion on Friday, fueled by gains in public holdings including…
Why A Deutsche Bank Whistleblower Turned Down an $8.25 Million Reward: In His Own Words…
“I just got word from the Securities and Exchange Commission that I am to receive half of a $16.5m whistleblower award. But I refuse to take my share”…
Aetna to Leave Public Healthcare Exchanges After DOJ Blocks Merger…
Aetna, the U.S.’s third largest health insurance company, says it will cut its participation in the Affordable Care Act’s marketplaces next year by two-thirds, after…
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Burning Down the House…
There’s a new feature to the Anything-Goes-and-Nothing-Matters economy: Nothing-Adds-Up. The magicians who pretend to measure the growth of GDP…
Here’s Why Americans Are Mad as Hell at Wall Street and Washington…
Tens of millions of Americans clearly understand that an entrenched system of corruption such as this, perpetuated through a revolving door between Wall Street and Washington, while…
This Trend Tells You Everything You Need to Know About America’s Future…
These license requirements continue to grow, along with the overall level of rules and regulations in the Land of the Free…
Barclays to Pay $100 Million to U.S. States over Libor Scandal…
Agreement with 43 US states and District of Columbia follows £290m fine four years ago from UK regulators…
U.S. Economy – Something is not Right…
Something very strange has recently happened with the national manufacturing ISM data. Not only are they regularly at odds with the PMI data released by Markit, but they…
Is Deutsche Bank as Dangerous to Financial Stability as Citigroup Was in 2008?…
Deutsche Bank is starting to resemble the financial basket case that Citigroup became in 2008, leading to Citigroup’s partial ownership by the U.S. government…
Say Hello to Southeast Asia’s New Silk Roads…
It’s not only China vs. the US in the South China Sea. Few in the West realize that two completely different, intersecting stories are developing in maritime and mainland Southeast Asia…
Get Ready for America’s New $29 Trillion Debt…
Bear in mind that US debt is already $19+ trillion and climbing. The CBO sees at least another $10 trillion in debt in the coming years, and projects…
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