LIBOR

Frontrunning: March 23

  • U.S. stock futures slip as concerns mount over delays to Trump tax cuts (Reuters)
  • Global Markets Follow U.S. Stocks Lower (WSJ)
  • Gorsuch, Avoiding Pitfalls, Moves Closer to Approval (WSJ)
  • Trump, Koch brothers at odds over 'Trumpcare' vote (Reuters)
  • Manafort's plan to 'greatly benefit the Putin Government' (AP)

These Banks Will Now Charge You A 4.00% Prime Rate

While most banks are in no rush to pay savers and depositors more, or anything for that matter, they wasted no time in piggybacking on the Fed's rate hike by boosting their own Prime Rate. Here is a list of the banks that rush to increase their Prime rate to 4.00% as of this morning. 

Jeff Gundlach's Latest Webcast "The Byrds": Live Updates

Having taken a one month break since his latest February webcast, the time has come for DoubleLine's Jeff Gundlach to take the microphone again for his latest address to his investors (and everyone else) - titled this time "The Byrds", and hopefully provide some insight into this increasingly more confusing market.

The "Sinister" Side Of Central Bank-Issued Digital Currency

Central banks and international financial institutions represent? - ?and work for? - ?creditors first and people second. That is why they can be serially wrong with so little direct consequence. This is the backdrop against which we are invited to trust the banking system with central bank-issued digital currency.

Libor Spikes Most In 15 Months To 8 Year Highs

The cost of funding for your average joe, average corporation, and average swaps trader, surged overnight. 3M Libor rose by the most since Dec 2015 (Fed rate hike) to the highest level since April 2009.

The Road To Hell Was Paved With Obama Cronyism

It is absolutely imperative to see Trump as a symptom of a sick and broken system as opposed to the root cause of anything. The corporate media and legions of mourning Hillary cultists continue to present the Trump threat in extraordinarily simplistic and unhelpful terms. They act as if he’s the head of some evil snake, and that disposing of him as an individual will get America back on track. This couldn’t be more wrong.