Keyword: financial

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  • Public Country-By-Country Reporting / Corporate tax transparency

    With the rules on country-by-country reporting, the EU has created a framework where businesses in the extractive and logging industries have to publish their payments to governments relating to the exploitation of natural resources. This will assist populations of resource-rich countries to hold their governments accountable for these proceeds. In addition, a country-by-country reporting is also required from EU credit institutions (banks). This will ensure that trust in the financial sector is regained. On 12 April 2016, the Commission adopted a proposal for a Directive which imposes on EU and non-EU multinational groups the publication of a yearly report on...
  • Report: Blockchain to Rewrite the Financial Infrastructure’s Future

    08/13/2016 11:59:18 AM PDT · by amorphous · 5 replies
    CryptoCoinsNews.Com ^ | 13 August 2013
    Blockchain technology is expected to change the way financial organizations conduct business with banks implementing distributed ledger technology (DLT) projects by 2017, according to the World Economic Forum. After 12 months of research which saw the WEF engage over 200 industry leaders and subject matter experts through interviews and multi-stakeholder workshops, the organization compiled a 130-page report on the impact distributed ledger technology (DLT), also known as blockchain, will have on the financial infrastructure’s future. WEF’s ‘The Future of Financial Infrastructure’ report found that ‘applications of DLT will differ by use case, each leveraging the technology in different ways for...
  • NYTimes Writes Sob Story About Clintons’ Financial Struggles — (T)

    08/10/2016 10:33:18 AM PDT · by rktman · 39 replies
    dailycaller.com ^ | 8/10/2016 | Kaitlan Collins
    The New York Times published a piece Wednesday detailing Bill and Hillary Clinton’s financial struggles in the 1980s — when the couple was making the equivalent of $144,000 today and had a nanny to care for their infant daughter. In a piece titled “When Her Family Needed Money, Hillary Clinton Faced Stark Choices,” Amy Chozick writes that after Bill Clinton lost the Arkansas governor’s race in 1980, money troubled Hillary. She “worried about saving for Chelsea’s college, caring for her aging parents, and even possibly supporting herself should the marriage or their political dreams dissolve.” [dcquiz] The couple “stretched their...
  • We should nationalise German banks' Warning Deutsche Bank teetering on edge of CRISIS

    08/09/2016 7:06:46 PM PDT · by MarchonDC09122009 · 17 replies
    UK Express ^ | 08/09/2016 | SIMON OSBORNE
    http://www.express.co.uk/news/world/698305/Deutsche-Bank-financial-crisis-EU-Angela-Merkel 'We should nationalise German banks' Warning Deutsche Bank teetering on edge of CRISIS A TOP economist has warned that Germany's biggest bank is teetering on the edge of crisis and they only way to protect it against future shocks is to nationalise it. By SIMON OSBORNE 20:03, Tue, Aug 9, 2016 | UPDATED: 21:00, Tue, Aug 9, 2016 Germany central bank, the Deutsche Bank, would be hit hard in a new financial crisis Martin Hellwig said stress tests carried out by the European Central Bank revealed the Deutsche Bank would be left in a precarious position in the event of...
  • Countrywide Mortgage Devastation Lingers as Ex-Chief Moves On

    06/25/2016 12:17:28 PM PDT · by Reverend Wright · 15 replies
    NY Times ^ | June 24, 2016 | Gretchen Mogensen
    Angelo Mozilo can finally get on with his life. This month the Justice Department told Mr. Mozilo, the former chief executive of Countrywide Financial, once the nation’s largest subprime mortgage lender, that he was no longer under investigation in connection with civil mortgage fraud. The government’s criminal inquiry into Mr. Mozilo’s role in the financial crisis was dropped previously, so he is now in the clear. At least that’s the view from Washington. On Main Street, where the pain of Countrywide’s reckless lending and abusive foreclosure practices still throbs, it’s safe to say that Mr. Mozilo is still identified as...
  • Brokerage mistakenly transferred shares...legal recourse?

    04/19/2016 4:00:30 PM PDT · by Homer1 · 56 replies
    https://www.google.com ^ | 04/20/2016 | Vanity
    I have a brokerage account. A person with the same name as me passed away and the broker transferred all of my shares to his heirs. What legal actions can I take? What rights do I have? Anybody in the financial industry that can weigh in...it would be appreciated. Thanks
  • Central bankers 'don't have a clue' - Jim Rogers (CNN BUYS CLUE?)

    02/15/2016 3:22:26 PM PST · by SaveFerris · 15 replies
    CNN Money ^ | First published February 15, 2016: 9:03 AM ET | CNNMoney (London)
    Famed investor Jim Rogers is warning that financial Armageddon is just around the corner, and it's being fueled by moronic central bankers. "We're all going to pay a horrible price for the incompetence of these central bankers," he said Monday in a TV interview with CNNMoney's Nina dos Santos. "We got a bunch of academics and bureaucrats who don't have a clue what they're doing." The Singapore-based American investor said central bankers are doing everything they can to prop up financial markets, but it's all for naught. He predicts their unconventional monetary strategies will lead to a stock market rally...
  • World faces wave of epic debt defaults, fears central bank veteran [Situation worse than 2007]

    01/20/2016 7:06:17 AM PST · by SeekAndFind · 21 replies
    The Telegraph ^ | 01/20/2016 | By Ambrose Evans-Pritchard, in Davos
    The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. "The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up," said William White, the Swiss-based chairman of the OECD's review committee and former chief economist of the Bank for International Settlements (BIS). "Debts have continued to build up over the last eight years and they have reached such levels in every part of the world that they have become a potent cause for...
  • Saudi Arabia Plans 'Thatcherite Revolution'

    01/07/2016 11:35:14 AM PST · by EBH · 14 replies
    Saudi Arabia is mulling the sale of shares in Aramco, believed to be the world's most valuable company, as part of plans to repair its finances and open up its economy. The announcement was made by the country's deputy crown prince as Saudi's secretive, state-owned oil firm grapples with the effects of oil prices nearing 12-year lows . Mohammed bin Salman told The Economist: "That is something that is being reviewed, and we believe a decision will be made over the next few months." The Saudi economy has taken a battering from the oil price decline and the finance ministry...
  • Anyone know a good conservative business/finance website?

    11/29/2015 10:00:13 AM PST · by con-surf-ative · 31 replies
    Looking for substantive business and financial content.
  • Why Owning a House is Financial Suicide

    11/12/2015 11:23:52 PM PST · by Up Yours Marxists · 100 replies
    News.Com (Australia) ^ | November 13, 2015 08:32 GMT | James Altucher
    OWNING your own house is as much the Australian dream as the American dream, and it's one that feels increasingly out of reach for many. But when one user on Quora pondered whether it was ultimately better to rent or own your own home, blogger and investor James Altucher penned this highly controversial response: I am sick of me writing about this. Do you ever get sick of yourself? I am sick of me. But every day I see more propaganda about the American Dream of owning the home. I see codewords a $15 trillion dollar industry uses to hypnotise...
  • Select Presidential Reports for the Current Election Cycle (2016 reformatted)

    10/18/2015 11:35:03 AM PDT · by DoughtyOne · 3 replies
    Federal Elecction Commission ^ | Generated Fri Oct 16 09:41:17 2015 | Federal Election Commission
    This information is readily available at the above site.  I am providing it here in an easier to access format. Candidates names are used instead of their campaign names, making them easier to find.  Ex: "Bush, Jeb" vs "Jeb 2016, Inc." At the site you will have to select time periods, candidates, and reports, then back out to start over.  Here it's all one click away. You are linked directly to the summary section of each page.  You will be able to scroll up and down to see more information.Note that both Republican and Democrat reports are provided.Presidential Candidate Financial...
  • People Have Been Thrown in Prison for the Kinds of Stuff Carly Fiorina Engaged in as Lucent’s CEO

    09/29/2015 6:37:03 PM PDT · by 2ndDivisionVet · 16 replies
    Doug Ross @ Journal ^ | September 29, 2015
    While Carly Fiorina has unquestionable debate skills, the more I research her background, the more troubled I become. While it's clear that she is -- politically speaking -- somewhere to the left of Jeb Bush on policy, it is her business record that is most alarming. Let me start with a little history lesson and a company called Lernout & Houspie. Founded in 1987 by two Belgians, L&H went public in 1995 on NASDAQ and operated from U.S. headquarters in Burlington, MA. Specializing in voice recognition software, L&H rode the tech boom to a peak market valuation of $10 billion....
  • Are You Better Off Financially Than the Average American?

    09/21/2015 3:58:42 AM PDT · by expat_panama · 53 replies
    Motley Fool ^ | Sep 20, 2015 | Todd Campbell
    Comparing net worth, income, debt and retirement nest eggs for the typical American. Is your network higher or lower than people of a similar age? How does your pay compare with others? Do you have more debt than the average Joe or Jane? Do you have more or less money set aside for retirement than your neighbors? Knowing how you stack up financially to your peers can offer up insight that allows you to make changes that can secure your financial future, so let's take a closer look at how you stack up against the average American.Net worth varies widelyLast...
  • The World Fiat Economy - Living on borrowed time?

    09/01/2015 8:58:35 AM PDT · by citizen · 38 replies
    Seeking Alpha ^ | Aug. 18, 2011 | Nick Barisheff
    I read decades ago that the average life expectancy of a fiat economy is about 40 years. I searched and quickly found this article titled "Gold and Fiat Currency: 40 Years Later," a four-year old article dealing with the ill-advised decision to have the world's reserve currency dump the gold standard.The US economy and those of the world in general is at or is fast approaching that life span of about 40 years. These economies are moving at different speeds and thus are of differing maturities but one thing is common. Too many of them rely on some form of...
  • 12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

    08/16/2015 4:24:40 AM PDT · by SkyPilot · 49 replies
    Economic Collapse ^ | 11 Aug 15 | Michael Snyder
    Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not...
  • The really worrying financial crisis is happening in China, not Greece

    07/08/2015 5:31:17 AM PDT · by Enlightened1 · 40 replies
    The Telegraph ^ | 07/08/15 | The Telegraph
    China looks like it is heading for its version of the 1929 stock market crash While all Western eyes remain firmly focused on Greece, a potentially much more significant financial crisis is developing on the other side of world. In some quarters, it’s already being called China’s 1929 – the year of the most infamous stock market crash in history and the start of the economic catastrophe of the Great Depression. In any normal summer, a 30pc fall in the Chinese stock market – a loss of value roughly equivalent to the UK’s entire economic output last year – after...
  • Meltdown. Greek banks: Branches may stay shut until July 7; plan for capital controls

    06/28/2015 5:10:51 PM PDT · by catnipman · 20 replies
    Daily Mail ^ | 6/28/2015 | Jason Groves and Louise Eccles
    "The cashpoint at the Greek parliament is reported to have been topped up three times during an emergency session on Saturday night as ministers and MPs scrambled to get their own money out"
  • IMF official says China’s yuan no longer undervalued

    05/26/2015 5:43:13 AM PDT · by expat_panama · 7 replies
    Washington Post ^ | May 26, 2015 | Associated Press
    BEIJING — The International Monetary Fund no longer believes China’s tightly controlled currency is undervalued, an IMF official said Tuesday, a stance that might help Beijing in its wrangling with Washington over exchange rate controls. The IMF’s first deputy managing director, David Lipton, also said Beijing should work toward having a floating exchange rate in two to three years. The United States has long accused of China of suppressing the value of its yuan, giving its exporters an unfair price advantage and hurting foreign competitors. The IMF had considered the yuan undervalued — a source of tension between the fund...
  • The Fate of the Fed's Exit Strategy Is In Foreign Hands

    05/22/2015 5:46:26 AM PDT · by expat_panama · 14 replies
    Real Clear Markets ^ | May 22, 2015 | Jeffrey Snider
    In all this talk about whether the economy will be strong enough to support the first policy change of this cycle, and how utterly sad it is to even have to argue about it, the larger issues about the exact operational framework remain largely unexamined. The intent of the FOMC is to undergo an orderly transition from extraordinary policy positions toward a setting more like normal. To go from A to B is not as simple as plugging in a new number, a fact that Federal Reserve officials are very quietly dealing with. The Fed has a repo problem, one...
  • Economists' Forecast: Here We Grow Again

    05/15/2015 5:59:55 AM PDT · by expat_panama · 6 replies
    NASDAQ ^ | May 14, 2015 | Kathleen Madigan
    After a rough start to the year, economists are counting on the U.S. to bounce back in 2015 much like it did in 2014. Forecasters in the latest Wall Street Journal survey estimated the U.S. economy contracted at a 0.3% pace in the first quarter because of hits from winter weather and the West Coast port slowdown. But the panel, on average, sees annualized economic growth of 2.8% in the second quarter, supported by stronger job gains and wage growth. They also see the drag from weak trade and a strong dollar dissipating by the second half, delivering average economic...
  • Greenspan: Get ready for another taper tantrum

    05/14/2015 4:51:52 AM PDT · by expat_panama · 17 replies
    CNBC ^ | May 14, 2015 | CNBC
    Another market disruption from higher interest rates is virtually certain, according to former Federal Reserve Chairman Alan Greenspan. "Just remember we had the 'taper tantrum.' And we're going to get another one," Greenspan said Wednesday at the Global Private Equity Conference in Washington, DC. "This is a very tough period to get through," he added about the Fed increasing interest rates. "Normalization is great, but the process of getting there is going to be very rocky." Greenspan said there was no way to get around bond market volatility but said it was necessary to help the Fed and other central...
  • Obama says hedge fund managers are ‘society's lottery winners'

    05/13/2015 5:02:28 AM PDT · by expat_panama · 40 replies
    Yahoo Finance ^ | Wed, May 13, 2015 | Angela Greiling Keane
    The U.S. won’t put a dent into poverty and income inequity unless Democrats and Republicans can agree to raise taxes on top earners like hedge-fund and private equity managers, President Barack Obama said Tuesday. Obama, whose longstanding proposal to raise taxes on what is known as carried interest has gained little traction in Congress, said fairness demands that the nation’s wealthiest pitch in as more and more Americans are falling behind. “If I were able to close that loophole, I’d be able to invest in early childhood education,” Obama said at a poverty summit at Georgetown University in Washington. “If...
  • Five reasons to ignore stock market doomsayers

    05/12/2015 5:44:08 AM PDT · by expat_panama · 62 replies
    financial post ^ | May 8, 2015 | Peter Hodson
    The doomsayers always come out whenever stock markets get more volatile, like they have this month. These gloomy prophets go on and on about how derivatives are going to cause another financial crisis, or how valuations are stretched, or how equities will collapse whenever interest rates rise. Individual investors read the commentary by these experts and wonder if they should adjust their portfolios, or even sell everything and wait out the impending collapse. But before you do that, take a moment to calm down and have another think. In every single one of our 30 years in the business, someone,...
  • Countdown to the stock-market Crash of 2016 is ticking louder

    05/11/2015 3:38:46 AM PDT · by expat_panama · 39 replies
    marketwatch ^ | May 10, 2015 | Paul B. Farrell
    Historic slowdown looms as GOP fiscal policy lets economy choke Warning bells just keep getting louder and louder as the countdown to the Crash of 2016 keeps ticking. Wall Street’s in denial, but the Washington Post warns: “U.S. economic growth slows to 0.2 percent, grinding nearly to a halt.” USA Today hears “Bubble Talk” at the Vegas “Davos for Geeks.” Earlier the Wall Street Journal warned, “declining population could reduce global economic growth by 40%.” Then recently the “slow-growth Fed” was blamed. Wrong, former Fed chief Ben Bernanke counterattacked: “I’m waiting for the Journal to argue for a well-structured program...
  • Forget the Money, ask St Anthony! (Catholic Caucus)

    05/08/2015 2:19:49 PM PDT · by NYer · 14 replies
    Crisis Magazine ^ | May 8, 2015 | LAWRENCE BRAZIER
    Let’s face it, there is one route the finance guys have yet to try. You have to pray to a saint! Am I right?We had a problem. A BIG problem! Exactly, it was all about money. We were staring two mortgages in the face. Changing houses is easy if your bank goes along with the idea. We had found our new dream residence. Signed on the dotted line and then our bank refused us a bridging loan. We needed badly to sell our old house.I mused, stared at the sky. My wife was more practical.“We will ask St Anthony,”...
  • U.S. job growth seen regaining steam, keeping Fed rate hike on track

    05/08/2015 5:14:53 AM PDT · by expat_panama · 17 replies
    Reuters ^ | Fri May 8, 2015 | Lucia Mutikani
    U.S. job growth likely rebounded last month and the unemployment rate probably dropped to a near seven-year low, signs of a pick up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. Nonfarm payrolls likely jumped by 224,000 after increasing by 126,000 in March, according to a Reuters survey of economists. The jobless rate is seen dropping one-tenth of a percentage point to 5.4 percent, which would be the lowest since May 2008. The Labor Department will release its closely followed employment report at 8:30 a.m. (1230 GMT) on Friday. "Our view...
  • Yellen Says Stocks Pricey; Is A Bear Market Lurking?

    Fed chief Janet Yellen rattled the stock market Wednesday when she said "equity market valuations at this point generally are quite high," saying that raises "potential dangers." She added that she doesn't see "the hallmarks of a bubble," but stocks retreated from opening gains and traded lower, though the major averages closed off intraday lows. Are stocks overvalued? After a six-year bull market, a correction should be expected, although the odds favor a more garden variety downturn of 20% or so over a period of several months, not the painful free-falls of 2000-02 or 2008. Wednesday's selling prompted IBD to...
  • Market Uptrend Stalls; Timing a Choppy Market --Investment Thread for May 3, 2015

    05/03/2015 11:26:09 AM PDT · by expat_panama · 19 replies
    Weekly investment & finance thread ^ | May 3, 2015 | Freeper Investors
    This past year's choppy indecisive unstable investment market continues as last Friday's IBD down grades our week-old uptrend back to "market under pressure".  Last week's rosy close turned sour for both the S&P500 and the NASDAQ as the major indexes immediately began a week of declines only to turn back up after the outlook was downgraded.  Precious metals weren't immune to the chaos either as they too stammered and fell back toward bases reached last Oct.That's been pretty much the story of the past half-year with market uncertainty taking over.  The irony is that it's actually been a pretty...
  • Market Uptrend, Sound Trading, and How to Buy Stocks; --Thread April 26, 2015

    04/26/2015 11:45:54 AM PDT · by expat_panama · 50 replies
    Investors Busniness Daily ^ | April 26, 2015 | Freeper Investors
    Supposedly the top finance news stories this week have been the Greek Bailout, the Trade Fast Track Vote, but with NASDAQ's all time high we're getting even more buzz on our new stock rally. This past week's seen the S&P500 leap almost 2% and gold fall more than 2%.  A couple percent may not seem like much but having it happen in just five trading days means we got annualized returns of a 2/3 loss on gold and 50% gain on stocks.Weird how it is though that with stocks it means that we're now officially in a "confirmed uptrend",...
  • The American Investor's Stock Holding's at All-time High --Investor Thread May 12, 2015

    04/12/2015 10:27:18 AM PDT · by expat_panama · 44 replies
    Weekly Investor's Thread ^ | April 12, 2015 | freeper investors
      The total privately owned stocks and mutual fund shares adds up to a soaring record total $21,169,400,000 --according to the latest Federal Reserves Flow of Funds Report.  Yeah I see all the hands waving --and the big question that follows has to do with population and inflation.  We went through this back on an earlier thread when the press was tootin' about how America's private wealth was supposedly at an all time high but only as a total of inflated dollars.  The average American's total holdings in real dollars is still less than it was eight years ago. ...
  • From 1st Quarter (zero GDP or what?) to Q2 (sell in May or buy?)--Investor Thread May 5, 2015

    04/04/2015 1:03:19 PM PDT · by expat_panama · 56 replies
    Weekly investment & finance thread ^ | April 5, 2015 | Freeper Investors
      YTD  --January, February, and March 2015:   Looking ahead  --April, May, and June 2015:    Hope everyone enjoyed their first quarter!  Not bad --not only have both gold and the S&P500 come out positive but the NASDAQ punched above 3% (annualized to more than 14%) but silver's come out 6% ahead -a 26% rate/year.  Market prices are great the way we can follow up-to-the-second reports, but for stats on the general economy we'll have to wait until the folks who're paid for being smarter than us are ready to make up their minds.  What we got so far is that...
  • Something weird is going on --Investor Thread March 29, 2015

    03/28/2015 3:17:44 PM PDT · by expat_panama · 81 replies
    Weekly investment & finance thread ^ | Mar. 29, 2015 | Freeper Investors
    (excerpt from)    Something weird is going on in the US economy, and it's not good...Despite experiencing a healthy pace of job growth, the US economy has largely disappointed economists' expectations by delivering a series of weaker-than-expected economic reports. The unexpected plunges in retail sales and durable goods orders stand out as they reflect weakness in both consumers and businesses. On Wednesday, Bloomberg LP Chief Economist Michael McDonough tweeted a chart of the unprecedented divergence between job growth and retail sales growth. This is concerning as personal consumption accounts for roughly 70% of US GDP. It's particularly concerning considering all...
  • Broader Market Rallies Right Up a "Wall of Worry"--Weekly Investor Thread March 22, 2015

    03/22/2015 7:24:29 AM PDT · by expat_panama · 44 replies
    Weekly investment & finance thread ^ | Mar 22, 2015 | Freeper Investors
    Prices in both precious metals and stocks are booming again:  metals are soaring as if they're looking for higher bases and stock indexes are within a couple percentage points of all time highs.  The good news is that this time the experts show no sign of confusion as to what's going on and they've all decided what we need to do.  It's all because of the Fed, international tensions, and the NCAA. The bad news is that each expert's saying something different.   Here are a few samples:   (excerpt from)  Stocks are likely to struggle during March Madness ...Because March...
  • Investments go from Friday 13th to Ides of March-- Thread March 15, 2015

    03/15/2015 7:00:49 AM PDT · by expat_panama · 72 replies
    Weekly investment & finance thread ^ | MARCH 15, 2015 | Freeper Investors
    Seems like there's an awful lot of doom'n'gloom out there: (excerpt from)   More Volatility Sends Market Down for a 3rd WeekThe stock market was hit hard on Friday, capping a third week of declines as investors reacted to a steep drop in oil prices and a jump in the value of the dollar. Utilities, major exporters and companies that make basic materials like steel had the biggest declines. The sell-off came at the end of a volatile week, and it sets the stage for a Federal Reserve policy meeting next week. Investors will be watching closely for clues about...
  • Britain may broadcast Putin's financial secrets to Russian people

    03/11/2015 7:00:08 AM PDT · by Enlightened1 · 2 replies
    The Telegraph ^ | 3/10/15 | Matthew Holehouse
    Foreign Secretary interested in proposals to broadcast information on secret wealth of Putin's circle, as he warns Russia could be "single greatest threat" to Britain Philip Hammond said he was interested by the idea of publicising the wealth of the Russian president’s inner circle in order to embarrass them in front of their people, as part of the response to the ongoing incursion into eastern Ukraine. The Foreign Secretary warned that Putin is rapidly modernising his armed forces, and warned Russia’s bid to destabilise eastern Europe poses “the greatest single threat” to British national security. Mr Hammond said that Britain...
  • Britain may broadcast Putin's financial secrets to Russia

    03/11/2015 4:05:12 AM PDT · by elhombrelibre · 17 replies
    The Telegraph ^ | 10 Mar 15 | Matthew Holehouse
    Britain may broadcast the financial secrets of Russia’s ruling elite as part of the information war against the Putin regime, the Foreign Secretary has indicated. Philip Hammond said he was interested by the idea of publicising the wealth of the Russian president’s inner circle in order to embarrass them in front of their people, as part of the response to the ongoing incursion into eastern Ukraine.
  • Metals and Stocks Sell-off on Good News --Investor Thread March 8, 2015

    03/08/2015 10:12:24 AM PDT · by expat_panama · 77 replies
    Weekly investment & finance thread ^ | Mar 8, 2015 | Freeper Investors
    excerpt from: Stock Indexes Take Hard Hits; Market Uptrend Under PressureStocks ratcheted lower Friday in fast trade, with the indexes suffering their biggest percentage losses since late January. The Nasdaq and the S&P 500 skidded 1.1% and 1.4%, respectively. [snip] What they're saying is stocks plunged in higher volume and the S&P 500 smacked down into the danger warning ten-week moving average.  It's supposed to be a bad sign, a sell signal, a harbinger bad moon rising.  Only thing is that the last two times this kind of signal popped up-- ←  they ended up turning into fabulous buying opportunities. However...
  • Stock Run-up 3 Weeks Old, Experts Confused-- Investor Thread March 1, 2015

    03/01/2015 5:34:21 AM PST · by expat_panama · 85 replies
    Weekly investment & finance thread ^ | Mar. 1, 2015 | Freeper Investors
    [excerpt from Stock-market crash of 2016: The countdown begins]Dow will drop 50% as market replays 2008, 2000 and 1929.  That will translate into the DJIA crashing from today’s 18,117 down 50% to about 9,000. Ouch, the Dow crashing all the way below 10,000. Unimaginable. Bulls will hate it. No wonder our brains tune out, turn off. Instead, we prefer the happy talk that will just keep coming out of Wall Street and Washington till the 2016 collapse. We’ll just keep denying reality ... till it’s too late, and we suffer another $10 trillion loss is on the books. Deja...
  • Billionaire Tells Americans to Prepare For 'Financial Ruin'

    02/26/2015 11:05:29 AM PST · by Ghost of SVR4 · 24 replies
    NewsMax ^ | Feb 25 2015 | Newsmax Wires
    In a recent interview for his book Aftershock, Wiedemer says, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting as soon as next year.” When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.” The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.
  • There's a new mortgage crisis brewing [Richard Bove]

    02/24/2015 4:49:11 PM PST · by CutePuppy · 24 replies
    CNBC ^ | 2015 February 23 | Richard X. Bove
    In 2008, the nation entered into a financial crisis widely believed to have been caused by excesses in the residential mortgage industry. By 2010, the nation thought it had put in place a series of measures that not only would resolve the crisis but would insure that it never happened again. Yet, here we are in 2015 looking at another potential mortgage crisis. Only this time it is different. In 2008, funds flowed in waves into the mortgage industry. In 2015, it appears the funds are drying up. The solutions to the problem in 2010 and thereafter included: Suing and...
  • The stage is being set for a massive financial meltdown...

    02/24/2015 9:21:38 AM PST · by alexmark1917 · 43 replies
    Greek 4 month extension does nothing for the people of Greece. Sub-prime auto loans all time high and delinquencies are rising. Existing home sales implode while home price fall. Baltic Dry Index falls and ship builders are filing for bankruptcy. US blimp in Maryland used to watch the people. Ukraine bans Russian media and sets up their own propaganda media. Poroshenko wants Crimea back as they pull more weapons to the front line. US and the coalition forces getting ready for a major offensive in the middle east. DHS budget in trouble, using fear and a false flag event to...
  • Stock Rally Adds Another Percent while Metals Fade: Week Ahead Worries-- Investor Thread Feb. 22

    02/22/2015 8:34:45 AM PST · by expat_panama · 92 replies
    Weekly investment & finance thread ^ | February 22, 2015 | Freeper Investors
    [excerpt from Yahoo Finance: What to watch next week: TGT, HD, M, HPQ, GDP and Greece] Next week will be a busy week on Wall Street with a raft of big earnings reports including Target (TGT), Macy’s (M), Home Depot (HD) and Hewlett-Packard (HPQ) to name just a few. Investors will also have a lot of economic data and geopolitics to digest this coming week and in the weeks that follow. The Commerce Department will release the latest reading on third quarter Gross Domestic Product. Yahoo Finance’s Rick Newman thinks investors will be watching that report closely, as well...
  • Two More Harbingers Of Financial Doom That Mirror The Crisis Of 2008

    02/15/2015 10:11:44 PM PST · by Jack Hydrazine · 63 replies
    The Economic Collapse Blog ^ | 12FEB2015 | Michael Snyder
    The stock market continues to flirt with new record highs, but the signs that we could be on the precipice of the next major financial crisis continue to mount. A couple of days ago, I discussed the fact that the U.S. dollar is experiencing a tremendous surge in value just like it did in the months prior to the financial crisis of 2008. And previously, I have detailed how the price of oil has collapsed, prices for industrial commodities are tanking and market behavior is becoming extremely choppy. All of these are things that we witnessed just before the last...
  • At record high, U.S. stocks look to extend breakout --Weekly Thread Feb. 16

    02/15/2015 9:51:16 AM PST · by expat_panama · 65 replies
    Weekly investment & finance thread ^ | February 15, 2015 | Freeper Investors
    [excerpt from Yahoo Finance]   NEW YORK (Reuters) - U.S. stocks are poised for more upward momentum even as uncertainty over oil prices and Greek debt negotiations keeps the market on tenterhooks, analysts say.Strong fourth-quarter U.S. company earnings and signs of an overall improving economy, alongside what appears to be the start of a bottoming in crude oil prices, have given equities support.After starting 2015 with its sharpest monthly drop in a year and a spike in volatility, the benchmark S&P 500 (.SPX) hit an intraday record on Friday while the Dow Jones Industrial Average (.DJI) reached its highest point...
  • The Week's Investment Markets --Weekly Thread Feb. 8 - 14

    02/08/2015 10:42:35 AM PST · by expat_panama · 48 replies
    Weekly investment & finance thread ^ | February 8, 2015 | Freeper Investors
    [excerpt from NASDAQ Weekly Market Wrap: February 6, 2015 ] The fifth full trading week of 2015 comes to a close with the Dow Jones, S&P 500 and NASDAQ composite all lower in afternoon trading on Friday. Most actively traded stocks include Bank of America (BAC) up 3.5%, Twitter (TWTR) higher by 15.9%, Frontier Communications (FTR) up 3%, and Sirius XM Holdings up 1.1%. The Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite are all significantly higher in the last five days of trading. Crude oil futures are higher this week, trading at $51.83 per barrel on...
  • A System Reset Is Imminent...

    02/08/2015 4:40:35 AM PST · by alexmark1917 · 15 replies
    This is not the first time the gold standard has been seen as the ultimate cure for Russia’s economic problems. In September 1998, the noted economist Jude Wanninski predicted in a far-sighted essay for The Wall Street Journal that only a gold ruble would get the the country out of its then-debt crises. It was upon taking office about two years later, in May 2000, that President Putin embarked upon the country’s massive gold-buying campaign. At the time, it took twenty-eight barrels of crude just to buy an ounce of gold. The gold-backed ruble policy of those years was adopted...
  • Bank of America having system issues for six days now (vanity)

    02/07/2015 8:10:44 PM PST · by ColdSteelTalon · 29 replies
    Looks like Bank of America is down. I was just told to call back on Monday to pay my credit card bill. WOW.
  • A Darkening Market Sky [Maybe; Investment & Finance Thread Feb. 1]

    02/01/2015 10:49:28 AM PST · by expat_panama · 54 replies
    Weekly investment & finance thread ^ | January 30, 2015 | Freeper Investors
    On the left is the excerpt --from the expert linked in Real Clear Markets:  A Darkening Market Sky - Anthony Mirhaydari, The Fiscal Times     By Anthony Mirhaydari, The Fiscal Times January 30, 2015 With the first month of the new year coming to a close, it's clear that 2015 is shaping up to be quite different from the smooth, easy climb investors enjoyed in 2013 and 2014.As recently as late December, the market optimism seemed indefatigable as stocks powered to new record highs on hopes for new stimulus from the European Central Bank, solid U.S. economic data and a strengthening tailwind to consumer spending...
  • What Experts Say about This Past Week--Investment & Finance Thread Jan. 25

    01/25/2015 10:11:11 AM PST · by expat_panama · 107 replies
    Weekly investment & finance thread ^ | Jan. 25, 2015 | Freeper Investors
    Considering the top headlines were about soft footballs this has to have been an easy no-brainer week for investments.  Maybe; here's what he experts are telling us:                     [excerpt from Investors Business Daily At Davos, Hypocrites Tell Rest Of Us To Lower Expectations]Former Vice President Al Gore listens to singer Pharrell Williams... [snip]...talking, of course, about the annual confab at Davos, Switzerland, ...[snip] "The purpose," said former vice president and climate-change entrepreneur Al Gore, standing with hip-hop star Pharrell Williams, "is to have a billion voices with one message, to demand climate action now." OK, so how about you flying commercial,...