In a poker game, the rake is the cut that the casino dealer takes out of every pot. It’s usually a couple of dollars per hand … barely noticeable, certainly not noticeable to a casual poker player like me. But what if the dealer started taking 18-25% out of every pot as his rake? Would […]
The Fed Fears an Explosion on Wall Street: Here’s How JPMorgan Lit the Fuse…
JPMorgan Chase is the largest bank in the United States with $1.6 trillion in deposits from more than 5,000 retail bank branches spread across the country. When it withdraws liquidity from the U.S. financial system, that has a reverberating impact. According to the filings that JPMorgan Chase makes annually with the Securities and Exchange Commission […]
FLASHBACK: Stock Buybacks: Driving a High-Profit, Low-Wage Economy…
5 U.S. Tech Giants Just Spent $116 Billion of Repatriated Cash on Buybacks…
While many analysts wanted to attribute the divergence in US stocks during the first three months of this year to strong economic data, the fiscal stimulus unleashed by Trump or stronger-than-expected corporate earnings, as analysts at Nomura (including cross-asset strategist Charlie McElligot) and Deutsche Bank have argued, when it comes to factors undergirding the market […]
Four Flashpoints of Volatility by Nom Prins…
1 – Trade Wars Flashpoints, From China to Canada and Mexico: Wall Street has knee-jerk reactions to any trade war related headlines. There are legitimate reasons to be concerned about trade wars. The world is increasingly more connected than ever. Many major American companies that are household names such as Starbucks (SBUX), Boeing (BA) and […]