Showing posts with label Financial World. Show all posts
Showing posts with label Financial World. Show all posts

Wednesday, March 14, 2018

Senate votes to advance bill rolling back Dodd-Frank rules







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Wednesday, July 8, 2015

NYSE TRADING HALTED...











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Monday, July 6, 2015

'Monstrous' crisis looms in China...





◼ WHILE the world worries about Greece, there’s an even bigger problem closer to home: China. - news.com.au

A stock market crash there has seen $3.2 trillion wiped from the value of Chinese shares in just three weeks, triggering an emergency response from the government and warnings of “monstrous” public disorder.

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EURO FALLS AFTER GREEK VOTES NO
"The only certainty now is uncertainty."

































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Sunday, July 5, 2015

China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a nose-dive that is threatening the world's second-largest economy.



...Struggling to respond to precipitous declines on China’s stock markets over the last three weeks, the country’s biggest brokerage firms unveiled a government-endorsed plan on Saturday to buy shares starting on Monday, while both of the country’s stock exchanges suspended all further initial public offerings of stock. The government-controlled Securities Association of China said that 21 big brokerage firms had agreed to set up a fund worth at least 120 billion renminbi, or $19.4 billion, to buy shares in the largest, most stable companies, and to stop selling shares from their own portfolios....

Beijing has unleashed a barrage of official policy moves over the past week, including an interest rate cut, a relaxation of margin-lending rules and additional bank liquidity. But these efforts have so far failed to convince investors.



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Sunday, June 28, 2015

Greece shuts down its banks, issues capital controls

















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Thursday, January 1, 2015

Dollar has its best year since 2005

◼ The U.S. dollar ended its strongest year since 2005 with gains versus major rivals as investors penciled in further strength in the U.S. economy and diverging monetary policy paths between a more hawkish Federal Reserve and dovish European and Japanese central banks. - Market Watch vis Drudge

...Overall analysts are bullish on the dollar going into 2015, as a strong improvement in the U.S. economy is seen as pushing the Federal Reserve closer toward raising interest rates. Additionally, the European Central Bank and the Bank of Japan are expected to keep monetary policy ultra-loose next year, which should weaken their currencies against the dollar....
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Sunday, December 7, 2014

Are We Reliving The 1930s?

◼ At the close of last week’s G20 Summit, U.K. Prime Minister David Cameron warned that we’re on the verge of another global recession, citing problems like looming deflation, falling prices, and rising protectionist sentiment. This list evokes a sense of déjà vu: not about the Great Recession, but the Great Depression. - Tyler Durden/Zerohedge

That was the last time we ever seriously worried about disinflation, along with every practically other aspect of economic performance raising alarm bells today: low interest rates, weak investment, slow productivity growth, and chronic labor force detachment.

To be sure, this isn’t an easy comparison to swallow. The Great Depression is the ultimate measuring rod of economic catastrophe to which every other downturn is compared. But as time goes by and forecasts of full recovery keep getting deferred like an ever-fading mirage, it’s one worth examining. How does the Great Depression of the 1930s compare with the Great Recession of the 2010s? Let’s look at the GDPs of the U.S., U.K., and continental Western Europe from 1929 on and from 2007 on, using the base year as an index.... KEEP READING
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Monday, June 30, 2014

For every winner Export-Import Bank creates, there's also a loser

◼ Subsidizing exports benefits the subsidized exporters. That doesn’t mean it’s a good idea. - Timothy P. Carney/Washington Examiner @TPCarney

This summer and fall, we'll see a serious debate over an 80-year-old federal agency called the Export-Import Bank. Ex-Im subsidizes U.S. exports by extending taxpayer-backed loans and loan guarantees to foreign buyers of American-made goods.

A vast majority of Ex-Im’s financing subsidizes the 10 largest exporters in the country. Yet nearly all Democrats (who supposedly hate the privileges of Big Business) and many Republicans (who supposedly believe in free enterprise) defend the agency.

Ex-Im’s defenders in Congress and on K Street reliably charge their opponents with dwelling in an imaginary world — of dealing with ideas instead of reality....

◼ The Export-Import Bank's corporate welfare: War by other means - Timothy P. Carney/Washington Examiner @TPCarney
◼ Delta Air Lines' Export-Import Bank proposal: Stop giving subsidies to our foreign competitors - Timothy P. Carney/Washington Examiner @TPCarney
◼ Export-Import Bank is a Petri dish of corruption and graft - Timothy P. Carney/Washington Examiner @TPCarney

◼ Welcome to Dave Brat's America: Majority Leader-elect Kevin McCarthy says Kill the Export-Import Bank - Timothy P. Carney/Washington Examiner @TPCarney

House Majority Leader-elect Kevin McCarthy says Congress should let the Export-Import Bank expire, the biggest blow yet to the imperiled subsidy agency whose charter expires this fall.

On "Fox News Sunday," host Chris Wallace asked McCarthy if he agrees with "conservatives who say that the Export-Import Bank is a form of crony capitalism and it should be put out of business -- allowed to expire."

McCarthy responded by tying Ex-Im to "one of the biggest problems with government," using taxpayers' "hard-earned money," to do things the private sector can do. McCarthy supported Ex-Im's reauthorization in 2012, but he argued on Fox News Sunday that this was a vote to "wind down the Ex-Im Bank."
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Thursday, March 13, 2014

Trader kills self in finance world’s latest suicide

◼ link - NY Post

A Manhattan trader was killed Tuesday morning by a speeding Long Island Rail Road commuter train, marking at least the seventh suicide of a financial professional this year.

PREVIOUSLY:
◼ The banker suicide wave that started in late January has now become an epidemic
◼ Exclusive: Emails Reveal Deceased Hedge Fund Manager Refused To Join Bill Gates’ "Worthless" Giving Pledge
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Thursday, March 6, 2014

The banker suicide wave that started in late January has now become an epidemic

◼ Earlier: After the first suicide that took place in JPM's London headquarters, ending the life of 39 year old Gabriel Magee, a vice president in the investment bank’s technology department, next it was 37 year old Ryan Crane, an executive director in the firm's program trading division, who died under still unknown circumstances. - Zerohedge


...a third JPMorgan banker committed suicide, this time at the JPMorgan Charter House Asia headquarters in central Hong Kong, where a 33 year old man who was said to have been an FX trader for JPM, just jumped to his death.

◼ Now: Bitcoin Claims Its First "Real" Victim - Tyler Durden/Zerohedge

(T)he 28-year-old CEO of Singapore-based Bitcoin exchange First Meta has been found dead. The exact reason that may have led to the suicide is not known, and whether the Police have concluded that the cause of death is suicide is also unofficial.

There have been 9 senior financial services deaths in recent weeks:
1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

2- Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

6 -Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.

8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.

9 - James Stuart Jr., a "very successful banker" and Former National Bank of Commerce CEO found dead (with no details of what caused the death) in Scottsdale, Az.
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Wednesday, January 1, 2014

Exclusive: Emails Reveal Deceased Hedge Fund Manager Refused To Join Bill Gates’ "Worthless" Giving Pledge

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