Real estate

"Brace For Economic Disruption" SocGen Sees "Sharp Rise In Gold" As India Plans Cap On Cash Holdings

India's 'de-monetization' scheme has caused chaos across the nation, and while SocGen says the government's plan may have some short-term success in curbing so-called 'black-money', investors should "brace for economic disruption" as Bloomberg reports the Indian government is considering a cap on cash holdings for individuals. As SocGen concludes, "people will now be more inclined to park their black income in gold rather than in currency."

Trump Settles "Trump University" Fraud Claims For $25 Million

One of the bigger headaches hanging over Donald Trump as he enters the transition period of his presidency, was the ongoing litigation that his now defunct Trump University defrauded students. Well, no more. Moments ago, the president-elect agreed to settle fraud lawsuits relating to his Trump University series of real estate seminars for $25 million.

Abe Says Trump "Is A Leader We Can Trust", Gives Him A Golf Club As Present

“He made time for me, even though he is busy with personnel matters,” Abe said after his meeting with president-elect Donald Trump. “I am convinced that President-elect Trump is a leader we can trust.” The pair agreed to meet again for broader and deeper talks when their schedules allow.

Frontrunning: November 15

  • Biggest Global Bond Rout Since 2003 Pauses (BBG)
  • Oil prices jump 3 percent on hopes of OPEC output cut (Reuters)
  • Italy polls get worse for Renzi as referendum nears (Reuters)
  • Trump will get wake-up call when he takes office, Obama says (Reuters)
  • With Priebus, Ryan’s Speakership Has Direct Channel to Trump (BBG)
  • Supreme Court now in Trump’s hands (The Hill)