Silver as an investment

Category Archives: Robert Rubin

The Fed is Not Political, And I Have a Bridge To Sell You

Via The Daily Bell There is an old saying that one should never talk about politics or religion. I think that is just a way to make sure people don’t talk about anything productive or eye opening. And I think it is basically the same attitude that makes the New York Times tell us not […]

Eric Mindich’s $12 Billion Eton Park Is Returning Capital To Investors: Here Are His Biggest Holdings

Once upon a time Eric Mindich was best known for being the Goldman “wunderkind” – the youngest-ever Goldman partner, who parlayed his reputation into the 2004 launch of his hedge fund Eton Park. Unfortunately for Mindich, after over a decade of running other people’s money, the hedge fund apocalypse caught up with the ex-youngest partner, […]

Nomi Prins On The Goldmanization Of President Trump

Authored by Nomi Prins, originally posted at TomDispatch.com, How A Bank Conquered Washington Irony isn’t a concept with which President Donald J. Trump is familiar. In his Inaugural Address, having nominated the wealthiest cabinet in American history, he proclaimed, “For too long, a small group in our nation's capital has reaped the rewards of government […]

Trump’s Bait And Switch?

Submitted by Nomi Prins via TomDispatch.com, Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of […]

The Simple Analytics of Why President-Elect Trump’s Policies Will Probably Result in a Trade War with China

Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. The United States has recorded a trade deficit in each year since 1975. This is not surprising. After all, we spend more than we save, and this deficit is financed via a virtually unlimited U.S. line of credit with the […]

Brace Yourself For The Quadrillion-Dollar Reckoning

Via MauldinEconomics.com, The ever more extreme antics of our central bankers keep forcing us to find new ways to describe them. My good friend Danielle DiMartino Booth does this by drawing an interesting historical parallel. Danielle takes us back to the 20th-century era of World Wars and draws upon Liaquat Ahamed’s. The Lords of Finance. […]

“The Most Important WikiLeak” – How Wall Street Built The Obama Cabinet

Perhaps the most startling discovery of the WikiLeaks dumps so far didn’t come from the most recent emails surrounding the various Hillary scandals, though there are many great ones, but from 2008 when John Podesta served as co-chair of President-elect Barack Obama’s transition team.  The email came from Michael Froman, a former Citibank executive, who […]

Iconic Hedge Fund Perry Capital Loses 60% Of AUM As Investors Flee

The slow-motion trainwreck that is the hedge fund investing world, which as we documented one month ago has failed miserably – if predictably – to compensate LPs for its 2 and 20 model, and generate outsized returns during a regime of central planning, having created zero alpha since 2011…   …. took its latest casualty […]

Hillary Clinton Is In Deep Trouble: “Hordes Of Wall Street Executives” Descend Upon Philly

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Political pundits throughout the land are tripping over each other to compose the latest bland, uninsightful screed proclaiming the death of the Republican Party. This makes sense, because the primary purpose of a political pundit is to state the obvious years after it’s already become established fact to everyone actually paying attention. […]

Former Citi Trader Exposes How Wall Street Came To Own The Clintons

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Former FX trader at Citigroup, Chris Arnade, just penned a poignant and entertaining Op-ed at The Guardian detailing how Wall Street came to own the Democratic Party via the Clintons over the course of his career. While anyone reading this already knows how completely bought and paid for the Clintons […]