Silver as an investment

Category Archives: Bloomberg News

Home Capital Uses Up $1 Billion “Lifeline”, Seeks Additional Funding

That didn’t long. Just one week after Canada’s largest alt-mortgage lender Home Capital Group sent shockwaves across the Canadian financial system, when it confirmed that long-running allegations about its liar-loan business were true, and suffered a spectacular bank run necessitating emergency loans which yield a stunning 22.5%, the company is now “actively seeking expanded sources […]

Global Stocks Hit All Time High As Fed Meeting Begins

With the Fed set to begin its latest 2-day meeting (no rate hike is expected), S&P futures are little changed with European and Asian stocks higher after the VIX dropped to a 10 year low and the Nasdaq rose to record highs, sending the MSCI All-Country Index back to all time highs, as global markets […]

Foreign Banks Subpoenaed Over Alleged Treasury Market Manipulation

Federal prosecutors have subpoenaed several (foreign) banks as part of a criminal investigation into possible manipulation of the U.S. Treasuries market, according to people familiar with the matter. U.S. authorities have been examining the U.S. Treasuries market for roughly two years. As Bloomberg reports, in November 2015, Goldman Sachs disclosed that U.S. authorities had sought information related […]

Latest In Silicon Valley ‘Fringe Benefits’: Paid Time Off To Protest Trump

Silicon Valley’s tech giants are world renowned for their random employee ‘perks’ which include everything from free lunches prepped by expensive chefs, to free massages, nap pods and tricked out game rooms.   But the latest trend in Silicon Valley ‘fringe benefits’, which includes unlimited time off to protest the Trump administration, feels a little […]

Is Trump About To Flip Again: Ryan Says “TTIP Good For Global Order”

From Obamacare to NATO, and from Ex-Im Bank to Chinese currency manipulators, President Trump has shown he is comfortable changing his mind 'bigly'. Today's exuberant support for "TTIP as good for global order," from Speaker Ryan, following VP Pence's meetings in Japan, raises questions about whether Trump's executive order withdrawing from the Trans-Pacific Partnership (TPP) […]

As Quota Compliance Tumbles, Is The End Of OPEC Near?

OPEC’s progress in reducing the oversupply in global oil markets relied on contributions from Nigeria and Libya in March, two countries that are exempt from the group’s deal to rein in production. The Organization of Petroleum Exporting Countries pumped 32.095 million barrels a day, down 200,000 a day from February, according to a Bloomberg News […]

Trump Administration Unveils First Step In Building Border Wall

In the first tangible step toward delivering on Trump’s campaign promise to halt unauthorized immigration from Mexico, the U.S. Customs and Border Protection on Friday released plans for picking vendors for President Donald Trump’s proposed border wall, issuing a preliminary request for proposals saying it plans to release a formal solicitation around March 6 “for […]

Civil Asset Forfeiture – Ruining Lives, While Failing To Stop Crime

Submitted by Duane via Free Market Shooter blog, Yesterday, President Trump met with the National Sheriff’s Association at the White House.  Like so many Trump comments, this one took a strange turn when Trump (jokingly or not) threatened to “destroy the career” of a Texas state Senator: During the meeting, Rockwall County, Texas, Sheriff Harold […]

Mnuchin Dashes Banker Hopes That Prop Trading Is Coming Back

What a difference a week makes. On January 23, Reuters reported that dialing back the Volcker Rule which limits banks’ ability to engage in speculative investments using their own balance sheet, has emerged a top priority for President Donald Trump’s nominee for U.S. Treasury secretary, Steve Mnuchin.  In written responses to questions posed by members […]

USD Dumps After Treasury Sec Nominee Mnuchin Warns Of “Excessively Strong” Dollar

In Treasury Secretary nominee Steven Mnuchin's written responses to Senate questions, he made it clear that the "strong dollar" policy may not always be his priority as he noted "an excessively strong dollar may be negative in the short-term." “The strength of the dollar has historically been tied to the strength of the U.S. economy […]