The cancerous virus of freedom-destroying worldwide cash-bans - in the name of fighting terrorism - has reached Taiwan this week. With the aim of 'preventing money-laundering', Taiwan may ban cash purchases of properties and luxury goods, Taipei-based Economic Daily News reports, citing unidentified official at Ministry of Justice.
"...the recent increase in equity prices might in part reflect investors’ anticipation of a boost to earnings from a cut in corporate taxes or more expansionary fiscal policy, which might not materialize.... They also expressed concern that the low level of implied volatility in equity markets appeared inconsistent with the considerable uncertainty attending the outlook for such policy initiatives."
"If Trump gets the immigration plan he wants, the housing market will get hit harder than any other. If millions of people get deported and more people don’t come in to take their place, then you’ll have downward pressure on home prices, especially in urban areas."
"I'm dazed & confused...economists and the consensus all acknowledge 2001 and 2007 were low interest rate, debt driven financial and economic bubbles. However, somehow today's even lower interest rate environment resulting in an additional $9.5 trillion in equity valuation from the last bubble peak...this one is legit and isn't a bubble???"
According to the latest weekly BofA client data, "smart money" investors have finally tempered their euphoric optimism, and last week during which the S&P 500 climbed to another new high, BofAML clients took advantage of the surge in "greater fools" and turned net sellers of US equities for the first time since the week prior to the US election in early November.
CSX announced on Tuesday that alongside the retirement of the company's CEO and President, it would also lay off 1,000 of about 4,500 management employees by the end of March, a side-effect of a dramatic activist investor fight.
"The Fed is desperately seeking to keep the status quo in place, praying that somehow things turn out OK, and clearly scared to death behind the scenes. But, just like the officials at Oroville, when the cameras are on her, Yellen smiles and tells us that all is well... But when these bubbles burst, and they must, it will be a massively destructive event. There will literally be nowhere to hide from the repercussions."
Back in 2008-2009, the entire financial system was on the brink of collapse because banks had been making wild bets without having sufficient capital. Nearly a decade later, Kashkari says that banks still aren’t sufficiently capitalized...