Silver as an investment

Category Archives: Wells Fargo

“These Are The Darkest Hours…”

Authored by James Howard Kunstler via Kunstler.com, The Tax “Reform” bill working its way painfully out the digestive system of congress like a sigmoid fistula, ought be re-named the US Asset-stripping Assistance Act of 2017, because that’s what is about to splatter the faces of the waiting public, most of whom won’t have a personal […]

“Millennials Don’t Care About Logos”: How Collapsing Brand Loyalty Will Allow Amazon To Dominate Apparel

Despite daily affirmations from the White House that “everything is awesome” with the economy, 2017 has been a miserable year for retailers.  As Reorg First Day points out, over 30 retailers, with debt aggregating into the billions of dollars, have filed for bankruptcy so far this year… After Shiekh Shoes’ filing today, at least 30 […]

Is It Tuesday? Time For Another Banking Scandal…

Authored by Simon Black via SovereignMan.com, Another day, another major banking scandal. It’s getting to the point where you can practically set your watch to these things. The latest involves our old friend Wells Fargo. The Wall Street Journal reported last night that Wells has been screwing its customers on foreign currency exchange rates. According […]

Frontrunning: November 28

Traders await Powell hearing; Brexit doubts grip pound (Reuters) Fed nominee Powell, once hawkish, now champions Yellen’s focus on jobs (Reuters) Tax drama intensifies as bill faces key vote (Reuters) Trump Appointee Asserts Control Over CFPB for Now (WSJ) Senate Bill in Limbo Amid Budget Panel Drama (BBG) Tough OPEC meeting looms amid specter of […]

Great Voids Have A Way Of Filling

Authored by Sven Henrich via NorthmanTrader.com, I feel compelled to keep documenting reality to raise awareness of the ever larger market dangers which keep lurking underneath the current bubble. Indeed I keep seeing a great void not only in awareness but also in price discovery that have propelled markets to current levels leaving investors and […]

World Stocks Hit 4th Consecutive Record High, Bonds Rise On ECB QE Report

World stocks rose to a 4th consecutive record highs, while the dollar headed for its worst week; U.S. stock-index futures are steady, with European and Asian stocks higher ahead of much anticipated US inflation data, which is expected to give cues on the outlook for the Federal Reserve’s interest rates. MSCI’s all world equity index […]

Frontrunning: October 4

Spanish tensions bar Europe from global stocks party (Reuters) Catalonia to move to declare independence from Spain on Monday (Reuters) Catalan Police Chief Investigated For Sedition (TSR) Trump Suggests Puerto Rico’s Debt May Need to Be ‘Wiped Out’ (BBG) Trump Heads to Las Vegas After Shooting Reignites Gun Debate (BBG) Putin says Trump is listening […]

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 […]