Economics And Finance
The Downside To Charles Schwab And TD Ameritrade Eliminating Trading Fees (Yes, Really)
Financial advisers discuss the real cost of free stock trades. The Downside To Charles Schwab And TD Ameritrade Eliminating Trading Fees (Yes, Really) There might be no such thing as a free stock trade. After the news that Charles Schwab Corp. and TD Ameritrade would soon be dropping trade commissions,…
Insiders Profited From Advanced Knowledge of Donald Trump (Tariff, Covid19, Etc.) Announcements
Numerous Senators In The Trump Adminstration Dumped Millions In Stock Weeks Before Coronavirus Pandemic Hit US!!! Insiders Profited From Advanced Knowledge of Donald Trump (Tariff, Covid19, Etc.) Announcements Burr, Senate Colleagues Sold Stock After Coronavirus Briefings Multiple members of Congress and spouses made sales that saved them from losses before…
If E-Commerce Doesn’t Kill Your Store, Sky-High Rents Will (#GotBitcoin?)
With So Many Vacant Stores, E-Commerce Is Only Part of the Problem. If E-Commerce Doesn’t Kill Your Store, Sky-High Rents Will (#GotBitcoin?) Barneys’ fight with landlord is an extreme example of an issue bedeviling many retailers: high rents. Don’t blame all the vacant stores on e-commerce. Sky-high rents are squeezing…
Attorneys Seek Bank of Ireland Execs’ Testimony Against OneCoin Scammer (#GotBitcoin?)
Executives at the Bank of Ireland (BOI) could join a trial in the case against Mark Scott, who allegedly helped launder nearly $400 million via cryptocurrency scam scheme OneCoin. Attorneys Seek Bank of Ireland Execs’ Testimony Against OneCoin Scammer (#GotBitcoin?) Four BOI Witnesses To Testify Remotely On Sept. 29, the…
Sharia Goldbugs: How ISIS Created A Currency For World Domination (#GotBitcoin?)
As Islamic State (ISIS) sought to dominate large parts of Syria and Iraq, it used a subtle weapon to go with the car bombs and suicide attacks: money. Sharia Goldbugs: How ISIS Created A Currency For World Domination (#GotBitcoin?) The self-declared caliphate aimed to unify the world under a militant…
US Lawmakers Ask Federal Reserve About National Digital Currency
Members of the United States House of Representatives Financial Services Committee asked the Federal Reserve whether there are any plans of launching a U.S. dollar digital currency. US Lawmakers Ask Federal Reserve About National Digital Currency Fed Has The Mandate To Develop A National Digital Currency In a Sept. 30…
Service Sector And Manufacturing Jobs Drop To 3 And 10 Year Lows (#GotBitcoin)
U.S., Eurozone Services Stumble Threatens Sharper Global Slowdown. Service Sector And Manufacturing Jobs Drop To 3 And 10 Year Lows (#GotBitcoin) Economic indicators suggest a manufacturing downturn is spreading. U.S. and eurozone services-sector activity softened in September, according to surveys of purchasing managers, suggesting a manufacturing downturn is spreading to…
The Real Story Of The Repo Market Meltdown, And What It Means For Bitcoin
Last week the financial system ran out of cash. It was a modern version of a bank run, and it’s not over yet. The Real Story Of The Repo Market Meltdown, And What It Means For Bitcoin Stepping back, it reveals two big things about financial markets: first, US Treasuries…
U.K. Experience Suggests An Inverted Yield Curve Isn’t All Gloom
In the U.S., a drop in long-term yields below short-term rates typically portends a recession, but that relationship may be breaking down. U.K. Experience Suggests An Inverted Yield Curve Isn’t All Gloom And Doom A widely watched U.S. recession signal has been blinking red for months now. Yet the performance…
$381 Billion Annual Gap Between Taxes Owed And Taxes Collected (#GotRecession?)
The government’s first report on the “tax gap” since 2016 shows tax compliance holding steady as the IRS shrinks. However, the study covers tax years 2011 through 2013, and the IRS has reduced audits and staffing considerably since then. $381 Billion Annual Gap Between Taxes Owed And Taxes Collected (#GotRecession?)…
The Coming Currency War: Digital Money vs. The Dollar (#GotBitcoin?)
Central banks are getting closer to issuing their own digital currency. If they do, the dollar might finally face real competition as the world’s dominant currency. The Coming Currency War: Digital Money vs. The Dollar (#GotBitcoin?) The future of money might be a digital version of the cash that’s already…
Freddie Mac Pushes For Loans To Sub-Prime Borrowers (WTF?)
Regulator recently met with housing-finance giant and the fintech firm behind the software. Freddie Mac Pushes For Loans To Sub-Prime Borrowers (WTF?) An effort under way at housing-finance giant Freddie Mac could increase mortgage approvals for borrowers who might otherwise be shut out of home buying. Freddie has been testing…