Silver as an investment

Category Archives: Department Of Commerce

Paradise Papers: Massive New Leak Exposes Tax-Haven Secrets, Links Wilbur Ross To Russia

One year after the Panama Papers revealed billions in assets are held in offshore "tax haven" accounts by some of the world's most powerful and wealthy individuals, on Sunday a huge new leak of financial documents disclosed by the International Consortium of Investigative Journalists (ICIJ) – a global network that won the Pulitzer Prize this […]

We Are Already In Depression (If Borrowing Money Is Not Income)

Via Baker & Company Advisory Group, The U.S. economy is not as solid as it appears. Statistical anomalies hide profound weakness. I will examine actual GDP and actual employment. Warning: not for the faint of heart. Do you consider debt as income? Before you answer that, let’s perform a thought experiment. Imagine that you had taken […]

Frontrunning: September 21

Mark Zuckerberg’s Political Awakening (BBG) Bank of Japan Sticks With Easy-Money Settings (WSJ) Bank of Japan board member demands more stimulus (FT) S&P downgrades China, says rising debt is stoking economic, financial risks (Reuters) Boston’s Fate Lies With a Zombie Hurricane as Maria Moves North (BBG) SEC says hackers may have traded using stolen insider […]

VAR Shocks!

By Chris at www.CapitalistExploits.at How much money can you lose on any given day according to an entire squadron of dynamic variable factors? It’s called value at risk (VAR), and because every hedge fund, investment bank, prop house, and algo firm wants to assess their own risk — while at the same time sneakily wanting to know […]

Meet Billionaire Kevin Plank: Maryland’s Corporate Welfare King

Via StockBoardAsset.com, A corporate cronyism scandal could be brewing out of Baltimore, Maryland this month involving Billionaire Kevin Plank (CEO of Under Armour). What is alleged per The Baltimore Post are Baltimore County Council members  supporting a ‘conditional grant in an amount up to  $ 2,000,000 to Under Armour, inc from the Maryland Department of Commerce pursuant […]

U.S. Restaurant Industry Stuck In Worst Collapse Since 2009

Shortly after we reported that the “restaurant industry hasn’t reported a positive month since February 2016“, we can add one more month to the running total: according to the latest update from Black Box Intelligence’s TDn2K research, in July both same-store sales and foot traffic declined once again, and this time the slide was more […]

Trump Warns Xi: Trade War With China Begins Monday

As if there weren’t enough geopolitical and social stress points in the world to fill a lifetime of “sleepy, vacationy” Augusts, late on Friday night President Trump spoke to Chinese President Xi Jinping and told him that he’s preparing to order an investigation into Chinese trade practices next week, according to NBC. Politico confirms that […]

Here Are The 66 Programs That Trump’s Budget Eliminates

President Trump's fiscal 2018 budget proposal would completely eliminate 66 federal programs, for a savings of $26.7 billion.  As The Hill reports, some of the programs would receive funding for 2018 as part of a phasing-out plan. Here are the programs the administration wants on the chopping block… Agriculture Department — $855 million McGovern-Dole International […]

Trump Wants “Fast Decision” On Comey Replacement – Here Are The 11 Candidates

Donald Trump said he expects to make a "fast decision" on a replacement for fired FBI Director James Comey, perhaps before he departs the U.S. on May 19 for his first foreign trip as president. Trump said the candidates under consideration to lead the FBI – White House officials have identified 11 of them so […]

Economic Depression And Denial: “We Want To Believe We Aren’t Japan”

Authored by Jeffrey Snider via Alhambra Investment Partners, Back on March 10, the New York Fed’s attempt at real-time GDP forecasting predicted that the Q1 2017 estimate would be 3.2%. That would have qualified as another decent quarter, the second out of the past three and somewhat in keeping with “reflation.” As we know today, […]