Why The State Has Failed To Reform Our Broken Financial System
Article By:
Charles Hugh Smith
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Thursday, October 16, 2014 9:59 AM EDT
Most observers think they know why the government has failed to truly reform the financial system: corrupt politicos on the receiving end of the Too Big to Fail banks and financiers' millions of dollars in lobbying and campaign contributions due the banks' bidding.
Census Bureau Revisions To Retail Sales
Article By:
Doug Short
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Thursday, October 16, 2014 3:53 AM EDT
Here is a visualization of the cumulative change from the first to third estimates from January 2007 through July 2014, the most recent month for which we have all three data points.
Creating Millionaires
Article By:
Marc Chandler
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Wednesday, October 15, 2014 3:02 PM EDT
The major economies are without a ballast. The old order, epitomized by Reagan-Thatcher and financial liberalization, has broken down. The new order has yet to emerge.
Carney Threatens Bankers’ Golf Club Membership
Article By:
Daily Forex
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Wednesday, October 15, 2014 7:49 AM EDT
Mark Carney is the first Canadian to be governor of the Bank of England and seems to be a very astute individual.
Comparing One Dimension Of The Policy Responses Of The ECB And The Federal Reserve
Article By:
Jesses-Cafe-Americain
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Wednesday, October 15, 2014 3:00 AM EDT
It is important to recall that the Fed has been providing extensive funding to non-US, largely European, multinational Banks through their US subsidiaries.
Do You Need An Investment Advisor? And Why?
Article By:
Bankers Anonymous
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Monday, October 13, 2014 4:16 PM EDT
Some friends of mine recently opened up investment accounts with a guy who is a salesman at a national insurance company. My friends also hired a “fiduciary” to review their investment plans.
The Doors Are Being Shut
Article By:
Acting-Man
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Monday, October 13, 2014 12:11 PM EDT
We previously discussed the debate over the introduction of new rules that would allow money market funds to stop withdrawals.
Building An Ark: How To Protect Public Revenues From The Next Meltdown
Article By:
Ellen Brown
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Monday, October 13, 2014 11:45 AM EDT
Concerns are growing that we are heading for another banking crisis, one that could be far worse than in 2008. But this time, there will be no government bailouts. Instead, per the Dodd-Frank Act, bankrupt banks will be confiscating (or “bailing in”) their customers’ deposits.
Rethinking The Unthinkable: Bankruptcy For Large Financial Institutions
Article By:
Global Economic Intersection
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Saturday, October 11, 2014 12:21 AM EDT
The Orderly Liquidation Authority created by the Dodd-Frank Act retains many of the flaws of ad-hoc pre-crisis practices and does little to improve creditors’ incentives to monitor risk-taking.
Robert Johnson: US System Is Broken And Heading Toward Social Conflict
Article By:
Jesses-Cafe-Americain
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Thursday, October 9, 2014 3:49 PM EDT
Peaceful demonstrations and grievances such as Occupy Wall Street are systematically stifled and crushed. Non-sanctioned opinions are marginalized and ridiculed.
Jobless Claims Dip To 8-Year Low
Article By:
James Picerno
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Thursday, October 9, 2014 2:55 PM EDT
Earlier this week I wondered if the deteriorating state of macro in the Eurozonewould eventually pinch the US economy. Some degree of blowback is likely, although for the moment there’s no sign of turbulence, according to this morning’s weekly update on initial jobless claims.
Wholesale Sales And Inventories Soft In August 2014
Article By:
Steven Hansen
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Thursday, October 9, 2014 2:14 PM EDT
The headlines say August 2014 wholesale sales decreased and inventories grew rather sharply - and our analysis shows the same. This data series is very noisy, and had been on a roller coaster of one good month / one bad month.
Public Housing, Concentrated Poverty, And Crime
Article By:
Global Economic Intersection
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Tuesday, October 7, 2014 8:52 AM EDT
A number of studies have explored the relationship between public housing policy, poverty, and crime. This Commentary discusses the results of a recent study, which investigated the effects of closing large public housing developments on crime.
Don’t Make These 4 Mistakes When Planning Your Retirement
Article By:
Douglas Goldstein
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Tuesday, October 7, 2014 4:04 AM EDT
Diversification is an excellent financial strategy because it means that you are not relying on a single income stream. However, too much diversification can make it difficult to keep track of all of the different investments.