Economics And Finance
Taking Stock of The World’s Debt (#GotBitcoin?)
#GotBitcoin? Growing debt goes hand-in-hand with growing economies, but it can also be a warning sign. Taking Stock of the World’s Debt (#GotBitcoin? The world has never had as much debt as it has right now—nearly $250 trillion. That figure is three times what it was two decades ago, according…
Influx Of Institutional Investors Causes Bitcoin To Perform More Like A Traditional Asset (#GotBitcoin?)
Bitcoin Trading At Strong Correlation With Gold As Traditional Investors Step In. Influx Of Institutional Investors Causes Bitcoin To Perform More Like A Traditional Asset (#GotBitcoin?) One example of institutional money coming into the sector is the growth of the Bitcoin Investment Trust, an over-the-counter exchange-traded fund sold by Grayscale…
ETFs, Mutual Funds See Sudden And Dramatic Drop In Money Flowing In (#GotBitcoin?)
The pullback was evident at indexing pioneer Vanguard. Decline signals that doubts about the direction of global markets are intensifying. ETFs, Mutual Funds See Sudden And Dramatic Drop In Money Flowing In The investor pullback from the asset-management industry in 2018 is the most severe since the last financial crisis,…
Trump Administration’s ‘Plunge Protection Team’ Convened Amid Wall Street Rout (#GotBitcoin?)
#GotBitcoin? The president's Working Group on Financial Markets is known colloquially as the "Plunge Protection Team."Trump Administration's 'Plunge Protection Team' Convened Amid Wall Street Rout Here's What To Know The Trump administration is arranging a phone call on Monday with top regulators to discuss financial markets amid a rout on…
Morgan Stanley To Pay $10M For Anti-Money Laundering Failures (#GotBitcoin)
Wall Street’s industry funded watchdog fined the U.S. brokerage unit of Morgan Stanley $10 million on Wednesday for compliance failures in the firm’s anti-money laundering program, the regulator said. Morgan Stanley To Pay $10M For Anti-Money Laundering Failures (#GotBitcoin) The Financial Industry Regulatory Authority (FINRA) said the lapses…
Tech Stocks Down $800 Billion While Asian Stocks Erase $5.6 Trillion In Market Value (#GotBitcoin?)
As investors have dumped shares of Facebook, Amazon, Apple, Netflix, and Google-parent Alphabet, $822 billion in value has been wiped off their combined market value since the end of August. Tech Stocks Down $800 Billion While Asian Stocks Erase $5.6 Trillion In Market Value Wall Street’s Turn Against Big Tech…
A Hedge Fund Makes Billions Off Americans’ Underwater Mortgages (#GotBitcoin?)
Homes In The Suburbs Of Las Vegas, One Of The Regions Battered By The Housing Collapse Of 2008. At The Depths Of The Crisis, More Than 12 Million U.S. Houses Had Underwater Mortgages. Fir Tree bet that homeowners would keep paying loans, even against their interest. A Hedge Fund Makes…
Recession Is Looming, or Not. Here’s How To Know (#GotBitcoin?)
Shopping Malls Were Packed Into Christmas Eve. Whether That Will Continue Next Year, Remains To Be Seen. Early indicators signal concerns, though more credible ones still look good. But the economy can turn quickly. Recession Is Looming, or Not. Here’s How To Know The plummeting stock market is signaling a…
US Treasury Secretary Steven Mnuchin Tries Calm Banks, Panicked Stock Markets, Trump Completely Silent (#GotBitcoin?)
Treasury Secretary Steven Mnuchin startles Wall Street with unusual calls to top bank CEOs A bruising stock selloff continued Monday, knocking major U.S. indexes lower as Treasury Secretary Steven Mnuchin tried to instill calm into a jittery market. US Treasury Secretary Steven Mnuchin Tries Calm Banks, Panicked Stock Markets, Trump…
Consumer Sentiment Slump Hits Online Retailers Too (#GotBitcoin)
An unexpected profit warning in Europe suggests internet stores may be less resilient than expected in consumer downturns. Consumer Slump Hits Online Retailers Too (#GotBitcoin) Online retailers haven’t so far been properly tested by a consumer-spending downturn. Early signs from Europe suggest they won’t be as resilient as tech bulls…
Major Banks Suspected Of Collusion In Bond-Rigging Probe (#GotBitcoin?)
The Frankfurt Headquarters Of Deutsche Bank, Which Says It Doesn’t Expect A Fine From The European Commission. Deutsche Bank, Bank of America, Credit Suisse, Crédit Agricole and another global bank could face fines of up to 10% of their annual world-wide revenue if found guilty. Major Banks Suspected Of Collusion…
U.S. Cities Look To Shed Ratings While Taking On More Debt
[caption id="attachment_6088" align="aligncenter" width="600"] Hoboken, N.J., Turned To S&P Global To Rate $70 Million In Bonds For Road And Park Work This Year. Officials Decided To Use Just One Rating.[/caption] U.S. cities and counties are using fewer ratings to assess the risks of the bonds they sell, providing investors with…