Silver as an investment

Category Archives: Senate Banking Committee

The Complete Idiot’s Guide To Being An Idiot

Authored by MN Gordon via EconomicPrism.com, There are many things that could be said about the GOP tax bill.  But one thing is certain.  It has been a great show. Obviously, the time for real solutions to the debt problem that’s ailing the United States came and went many decades ago.  Instead of addressing the […]

Warren Slams Wells CEO “You Should Be Fired” As Buffett Counters “He Has My Faith”

In a repeat of what she said almost exactly one year ago, when Senator Elizabeth Warren told then-Wells Fargo CEO Stumpf “You should resign, you should be criminally investigated” – not long before Stumpf indeed resigned, moments ago the kangaroo court was back in session and Warren doubled down her attack on Stumpf’s replacement, Wells […]

How Banks Hurt The Real Economy – FDIC’s Hoenig To Senate

Authored by Wolf Richter via WolfStreet.com,  "The real economy has little to gain, and much to lose.” When tighter regulations were imposed on the banks after the Financial Crisis, the largest among them, the very ones that threatened to bring down the financial system, began squealing. Those voices are now being heard by Congress, which […]

Fed Believes Opioid Crisis Is Reason Why Men Aren’t Working

Bill Polacek runs a manufacturing company in Western Pennsylvania. Even though a glut in new construction projects has dried up work for tradesmen, Polacek said he struggled to find qualified welders a few years back when he had a large number of jobs to fill. Polacek interviewed 350 people to fill openings for 50 welders […]

O Inflation, Inflation! Wherefore Art Thou Inflation?

A lot of eyes were on Janet Yellen’s testimony in front of the Senate Banking committee last week, as investors wanted to hear more clues about a potential change in the economic and monetary policy of the Federal Reserve. People seemed to be particularly interested in finding out more about the expected rate hike pace […]

Watch Live: Yellen Testimony Day 2, And Three Questions She Should Answer

Yesterday, Janet Yellen surprised markets again, when after weeks of a hawkish setup, she suggested that the Fed is not only uncertain “about when – and how much – inflation will respond to tightening resource utilization”, warning that the federal funds rate may “not have to rise all that much further to get to a […]

Janet Yellen Is About To Speak: Here’s What To Look For

Fed Chair Yellen will be testifying to the House Financial Services committee at 1000EDT, followed by testimony tomorrow before the Senate Banking Committee (the testimony for both events is likely to be identical, as it has on previous occasions), however her prepared remarks will be released 90 minutes earlier, at 8:30am. Courtesy of RanSquawk, here […]

Paul Craig Roberts Warns “Without Glass-Steagall, America Will Fail”

Authored by Paul Craig Roberts, For 66 years the Glass-Steagall act reduced the risks in the banking system. Eight years after the act was repealed, the banking system blew up threatening the international economy. US taxpayers were forced to come up with $750 billion dollars, a sum much larger than the Pentagon’s budget, in order […]

Are Big Banks’ Dark Pools Behind The Run-Up In Bank Stock Prices?

Bankers have sold hundreds of millions of their own stock as the market has ripped higher post-election – more than in any year of the last decade…     Which makes us wonder – are big banks' dark pools behind the run-up in their own stocks? Submitted by Pam Martens and Russ Martens via WallStreetOnParade.com, […]