Wall Street Journal
The middle class in America forgot all about the importance of savings and frugality and instead bought into the lie that one’s future would be “taken care of” if only it threw its money into the stock market.
"It takes someone who has experienced socialism’s failures firsthand to see why Sen. Sanders is succeeding: We elders, immigrants and native-born alike, have failed to teach our children and grandchildren about the economic history and false promises of the myriad forms of socialism that infest our world."
"The political insiders have had their way for a long time. Let 2016 be remembered as the year the American people finally got theirs."
"If the money market dries up, if there is an event like the Lehman crisis, there won’t be the infrastructure for banks to raise capital... Every day is like being Alice in Wonderland... interest-rates levels are having no effect on credit demand, the market function is declining. You can’t expect everything to go according to plan."
The Winter of 2015-2016, which came to an end a few weeks ago, has been officially designated as the mildest in the U.S. in 121 years according to NOAA. While this fact will certainly add a major talking point in the global warming debate, it should also be front and center in the current economic discussion. The fact that it isn’t is testament to the blatantly self-serving manner in which economic cheerleaders blame the weather when it’s convenient, but ignore it when it’s not.
Banks have been lobbying intensively against Brexit. Among those leading the charge is Goldman Sachs. For three years, the bank’s executives have publicly warned about the downsides of leaving the EU... and now we know why (hint - it's not concern for the common man).
Negative rates on savings accts., life insurers & banks suffering as central bankers push NIRP/QE, increasing FICC risk. So, what's now more stable than Brazilian real & gold & close to the yen & euro? Hint: Technology will put an end to this nonsense.
“Truth is treason in the empire of lies.” – Ron Paul
Would the world survive President Hillary?
Starting early today, over 36,000 Verizon workers will go on strike after the firm failed - after 8 months of 'negotiations' - to meet two union's demands (which merely includes controlling health care costs, protecting well-paying jobs and expanding the ranks of the workers who have them). The strike - one of the largest in years, according to NYTimes - will affect some consumers but Verizon has said that customers will be less impacted because it has trained thousands of non-union employees since last year to fill in for those who walk the picket line.
When it comes to Obamacare, the devil is in the details. As the years go by, Americans are quickly recognizing that not only is Obamacare not helping them out, it’s actually crushing their paychecks to such an degree they’re finding it necessary to pursue alternatives. This has resulted in a mad dash into non-ACA compliant short-term health insurance plans, or the kind of plans Obamacare was specifically designed to replace.
What in the World is Going on with Banks this Week? Emergency meetings, banker summits, crashing European banks.......Submitted by Bruno de Landevoisin on 04/12/2016 17:29 -0400
One would think that active managers would eventually outperform somewhere after the negative press that ensued a year ago. And now that 2015 performance data has been properly audited and tabulated, we can see what the new results are... (spoiler alert - not good).