Silver as an investment

Category Archives: American International Group

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 […]

Fannie, Freddie Plunge After Court Rules Hedge Funds Can’t Sue

Moments ago, the stocks of the nationalized GSEs – Fannies and Freddie – tumbled by over 30%, after a federal appeals court upheld a ruling that barred hedge funds from suing to overturn the U.S. government’s 2012 decision to capture billions of dollars in the profits generated by the mortgage guarantors Fannie Mae and Freddie […]

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 […]

Robertson Stephens Co-Founder Sues Theranos And Elizabeth Holmes For Fraud

In what is not the first lawsuit (and certainly won’t be the last) by naive shareholders to go after former unicorn darling-turned-fraud Theranos, its founder Elizabeth Holmes, and COO Ramesh Balwani, the co-founder of prominent dot com investment bank Robertson Stephens, Robert Colman, accused Theranos and Holmes of making false and misleading claims about its […]

Global Shares Slide As Japan Stimulus Disappoints, RBA Underwhelems, Italy Bank Fears Return

European stocks slid to a two-week low amid mixed earnings, as bank stocks extended yesterday’s decline as fears that Italy is not “fixed” have reemerged sending both UniCredit and Monte Paschi tumbling, not helped by an adverse market reaction to a disappointing Japanese fiscal stimulus announcement, while the AUD first dropped but then jumped after […]

Frontrunning: February 12

Yellen’s dilemma: A downturn with no easy response (Reuters) Clinton, Sanders clash over Obama as they vie for minority votes (Reuters) Risk Grows of Markets Sparking Recession (WSJ) Global Stock Rout Eases Amid Oil Advance as German Bonds Decline (BBG) U.S. Benchmark Yield Will Be at Record Low in March at This Rate (BBG) Oil […]

Frontrunning: February 2

Punxsutawney Phil Does Not see shadow, signifying an early spring (CBS) Front-Runners Give Ground as Rivals Make Mark in Iowa (WSJ) Republican Cruz bests Trump in Iowa race, Clinton edges out Sanders (Reuters) Iowa Narrows the Field (BBG) Global stocks snap winning streak as oil pressure returns (Reuters) ‘Dark Pool’ Settlements Bring Tangled Relationships to […]

Frontrunning: January 27

Global stocks, dollar struggle ahead of Fed as oil falters (Reuters) Bond Bulls Bank on Fed Mention of Market Chaos as Drag on Growth (BBG) Fees on Mutual Funds and ETFs Tumble Toward Zero (WSJ) China Climbs Back Up Janet Yellen’s Worry List (BBG) The World’s Favorite New Tax Haven Is the United States (BBG) […]

Blame Birinyi!

Just before the US equity market topped out last August, none other than infamous stock-chart-extrapolator Laszlo Birinyi ventured on to CNBC and proclaimed that the S&P 500 will hit 3,200 by the end of 2017. Since the soprano uttered that extreme, US equity markets have collapsed not just once, but twice and now trade at […]

Frontrunning: November 24

Turkey downs Russian warplane near Syria border, Moscow denies airspace violation (Reuters) Investors seek safety in bonds, yen after Turkey downs Russian jet (Reuters) Donald Trump Is Not Backing Down (BBG) Uber’s Exposure May Grow as U.S. Drivers Seek 57.5 Cents a Mile (BBG) U.S. issues global travel alert as manhunt continues for Paris attackers […]