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First India Bans Cash, Now It's Targeting Gold

"There you have it. The cashless agenda of control laid bare. There shall be no economic activity outside of State control. Cartels that play nice will be rewarded with more market share... It remains to be seen if an already angry Indian citizenry can be persuaded to gift up their tradition of storing and gifting gold."

The Lost Goldman Sachs 1985 Fixed Income Recruiting Video

“The pace is fast, and the atmosphere is intense,” Goldman’s former self warns: “Emotions change from minute to minute.” Prerequisites for getting a job there included, “intelligence, independence, a strong desire to succeed, creativity and the ability the quickly translate ideas into action…”

Exposing Our Lawless Central Bank

"...it is becoming increasing important - in our current age of 'non-traditional' monetary policy - to take note of the fact that central banks, and especially the Federal Reserve, are essentially unrestrained by law."

"The Medical System As We Know Is Going To Blow Up... And Soon"

"Think of the ObamaCare reform debate now playing in the US Senate as the final gurglings of polity that knows it is whirling around the drain. They’re pretending to attempt to fix a racket that comprises eight percent of the American economy...Nobody has any idea what anything costs."

Prepare For A Surge In Volume: Russell Rebalance Day Is Here

Welcome to the one year anniversary of the Brexit vote. Welcome also to the annual Russell rebalance, traditionally one of the busiest trading days of the year: last year's rebalance helped propel a near record turnover of over 15 billion shares. In fact, in four of the last five years, reconstitution day ranked in the 10 busiest trading sessions.

Nomura Demands $134,000 For Premium Research

As Wall Street scrambles to find a market clearing price for the true value of its now unbundled research, a first attempt comes from Nomura, which has proposed that clients pay as much as 120,000 euros ($134,000) a year to access their favorite analysts

Europe Slides For Third Day As Oil Attempts A Rebound; US Futures Flat

US equity futures were marginally in the red, while Asian markets rose and European stocks dropped. WTI oil rose 0.61% to $42.79 as some suggest the time to go long has arrived; oil tumbled 2.3% in the previous session. The Bloomberg Dollar Spot Index fell 0.1 percent.

The Reverse Tepper Moment Looms

Seven years ago when Tepper made his bold call, the Fed was trying their best to get stocks higher. At that point, no one believed, and it took guts to ride along in the Fed’s wagon. Today, the Fed is trying to keep financial conditions from becoming too easy, and once again no one believes.