Silver as an investment

Category Archives: AIG

CME Unveils “Weirdest Chart Ever”

Authored by Erik Norland via CME Group, We freely admit: Figure 1 is probably the strangest chart that you will ever see, at least in finance.  You may be wondering: did they throw blue spaghetti noodle on paper for inspiration and then write an economics article about it?  Or, have they spent too much time […]

David Stockman Derides The Delirious Dozen Of 2017

Authored by David Stockman via Contra Corner blog, We have previously noted the massive market cap inflation and then stupendous collapse of the Delirious Dozen of 2000. The latter included Microsoft, Cisco, Dell, Intel, GE, Yahoo, AIG and Juniper Networks – plus four others which didn't survive (Lucent, WorldCom, Global Crossing and Nortel). Together they represented a classic blow-off […]

Goldman Ramping Up Private Equity Investments To Offset Low Vol And Low Volume

A Reuters article reports that Goldman is looking to make direct private-equity investments to compensate for weakness in trading. Goldman Sachs Group Inc is ramping up its private-equity investments and going after smaller, high-growth targets as part of a broad plan to offset recent trading declines, three people familiar with the effort told Reuters. Goldman’s […]

Government By Goldman

Authored by Gary Rivlin and Michael Hudson via The Intercept, in partnership with The Investigative Fund, Steve Bannon was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump’s pick for secretary of Treasury, Steve Mnuchin. It was the end of November, three weeks after Trump’s […]

Bill Miller Says He’s Invested 1% Of His Net Worth In Bitcoin

Former Legg Mason investing guru Bill Miller’s Opportunity Trust is back on top this year thanks to bets on a hodgepodge of stocks including Apple Inc., J.P Morgan Chase & Co. and Restoration Hardware. Just weeks after his Opportunity Trust was named No. 1 among diversified funds with at least $1 billion in assets, Forbes […]

Bharara Joins The Trump “Resistance”: Asks If Any Public Servants Will Dare Say No To The President

It appears the so-called 'resistance' is coalescing around a number of fired-by-Trump formerly powerful Obama administration officials desperate to maintain the tyrannical Trump narrative. The latest is infamous non-prosecutor of Wall Street's worst Preet Bharara who questions: Are there still public servants who are prepared to say no to the president?   The U.S. attorney […]

Steve ‘Big Short’ Eisman: Smart, Lucky, Abrasive (& Now One Of Them)

Authored by Jim Quinn via The Burning Platform blog, I loved Michael Lewis’ book – The Big Short – about the 2008 Wall Street created global financial catastrophe, that is still impacting the little guys on Main Street eight years after it was supposedly resolved by Paulson, Bernanke and Obama. I even wrote an article […]

Daniel Tarullo, Fed’s “Regulatory Point Man”, Unexpectedly Resigns

Last October, as part of the Podesta email leaks, we disclosed the particularly close relationship between Fed governor Dan Tarullo and Barack Obama, which emerged as part of a previously undisclosed memo involving the AIG bailout. We speculated that as a result of this now public disclosure it was possible that Tarullo's days at the […]

Global Stocks, Peso, Oil Drop On Trump Fears; Safe Havens Rise Ahead Of Fed Announcement

Global stocks, S&P futures, the Mexican peso, the Korean Won and crude oil all fell as traders were spooked by polls suggesting a tightening race and Trump momentum ahead of next week’s American presidential election. The yen and Swiss franc gained, as did global bond markets and gold as investors flocked to safe haven assets. […]

Wikileaks Releases Part 13 Of Podesta Data Dump; Total Emails Released Is Now 23,423

The third and final debate may have come and gone, but the daily Wiki Podesta dump continues.  In the now traditional daily routine moments ago Wikileaks released yet another 3,000 emails in Part 13 of its ongoing Podesta Email dump, which brings the total number of released emails to 23,423 RELEASE: The Podesta Emails Part […]