Economics And Finance
Citigroup Trader Is Scapegoat For Flash Crash In European Stocks (#GotBitcoin)
Citigroup Inc.’s London trading desk was behind a flash crash that sent shares across Europe tumbling, dealing a fresh setback to the bank’s yearslong efforts to improve controls. Citigroup Trader Is Scapegoat For Flash Crash In European Stocks (#GotBitcoin) * Citi’s “Erroneous Transaction” Likely Reason For Steep Drop * Nasdaq…
80% of Americans Say The Country Is Spiraling Out Of Control, Poll Finds (#GotBitcoin?)
Americans Are More Troubled by Police Actions in Killing of George Floyd Than by Violence at Protests. 80% of Americans Say The Country Is Spiraling Out Of Control, Poll Finds (#GotBitcoin?) Americans by a 2-to-1 margin are more troubled by the actions of police in the killing of George Floyd…
Stock Market ‘Not A Reflection Of The Strength Of The Economy,’ Says NYSE Pres. (#GotBitcoin?)
Trump’s People Aren’t The Sharpest Knives.... The Stock Market 'Not A Reflection Of The Strength Of The Economy,' New York Stock Exchange President Stacey Cunningham Says. Stock Market 'Not A Reflection Of The Strength Of The Economy,' Says NYSE Pres. (#GotBitcoin?) By-the-way, while the jobless rate for white Americans is…
White House Refuses To Issue Economic Projections This Summer, Official Says (#GotBitcoin?)
Projections wouldn’t provide a ‘meaningful snapshot’ of economy because of uncertainty caused by Trumponomics White House Refuses To Issue Economic Projections This Summer, Official Says (#GotBitcoin?) The White House won’t issue updated economic projections this summer because of uncertainty, according to a senior administration official. The official said the coronavirus…
Japan Bank’s Foray Into Risky U.S. Debt (CLOs) Leaves $3.7 Billion Loss (#GotBitcoin?)
Norinchukin, which serves Japanese farmers and fishermen, was the biggest buyer of debt used to fund private-equity buyouts. Japan Bank’s Foray Into Risky U.S. Debt (CLOs) Leaves $3.7 Billion Loss (#GotBitcoin?) The Japanese bank that was the biggest buyer of debt used to fund private-equity buyouts suffered a ¥400 billion…
Goldman Sach’s Call On Crisis, Bitcoin, And Inflation
Goldman Sachs will soon host a conference call discussing the impacts of the current economic crisis on Bitcoin, gold, and inflation. Goldman Sachs Hosts Conference Call On Crisis, Bitcoin, And Inflation Goldman Sachs will host a conference call on May 27 titled US Economic Outlook & Implications of Current Policies…
Millions of Americans Skip Credit-Card And Car Payments (#GotBitcoins?)
About 15 million credit-card accounts and 3 million auto loans didn’t get paid in April as the coronavirus ravaged the economy, data show. Millions of Americans Skip Credit-Card And Car Payments (#GotBitcoins?) Millions of people are behind on their credit-card and auto-loan payments, the latest sign of the coronavirus pandemic’s…
Mainstream Banks Discourage Clients From Bitcoin Actually Encourages “B.Y.O.B Be Your Own Bank” Movement (#GotBitcoin)
A data-based approach to cryptocurrency investment shows promise, so why are investment advisors at top firms still pushing clients away? Mainstream Banks Discourage Clients From Bitcoin Actually Encourages "B.Y.O.B Be Your Own Bank" Movement (#GotBitcoin) The crypto space and market cap is a small percentage of the trillions invested through…
Why Poor States Are Red And Rich States Are Blue (#GotBitcoin?)
One of the great conundrums of the American political scene is why the poorer states, colloquially known as "red" states, tend to vote Republican or conservative, while the richer states, the "blue" ones (and let it be said that this is very confusing for this European, for over here the…
Magic Johnson Steps-up To Address Deficiencies In PPP’s Small Business Aid Program
Former Laker is looking for ways to help hard-hit minority communities during the coronavirus crisis. Magic Johnson Steps-up To Address Deficiencies In PPP's Small Business Aid Program Citing concerns that minority-owned businesses are being overlooked, Earvin “Magic” Johnson said his EquiTrust Life Insurance Co. will provide $100 million in capital…
Lessons Of The Great Depression: Preserving Wealth Amid The Covid-19 Crisis
The hobbled American economy lies uneasily under what has been described as an “induced coma.” Lessons Of The Great Depression: Preserving Wealth Amid The Covid-19 Crisis Across the nation, businesses have been shut down entirely or significantly curtailed to stanch the spread of the coronavirus that has already infected more…
After Devastating Economic Contraction, Glimmers of Growth Emerge
Daily and weekly data suggest a recovery might be brewing, though its strength is unclear. After Devastating Economic Contraction, Glimmers of Growth Emerge There are signs the economic contraction caused by the pandemic, the steepest since the Great Depression, has bottomed out and a tentative recovery may be under way.…