November 29, 2020 4:56 am

Massive Wealth Destruction Imminent – Economists Warn

via Money News Take immediate steps to protect your wealth . . . NOW! That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will […]

IN PICTURES: A Hilarious 15 Year History Of Wall Street

Five years after the financial crisis, Wall Street has yet to return to its former glory. Jobs are still getting cut, regulation is still driving compliance departments made, and even the hedge fund industry can’t beat the S&P. But if you put everything in perspective, this is nothing. The Street’s been through tough times before, […]

Private Equity Firms Would Now Like To Tap Into Your 401(k)

There have been whispers about this for a while, but now it’s happening. Private equity firms are lowering the $5 million threshold for investments to attract some cash. Specifically, they would like to attract the  $3.57 trillion American workers have invested in 401(k) retirement plans, says Bloomberg. And we’re talking the big boys here: KKR, […]

In One Chart You’ll See Why Nothing’s Getting Fixed In Europe

Why is nothing major being done to address the massive human tragedy that is the European economy This chart from Danske Bank will give you a good hint. Nothing can get done without the approval of Germany, and frankly, Germany would be insane to mess with the current status quo, given how much its outperforming […]

CHART: The Extraordinary Rise Of Native American Casinos

When you think about gambling in America, the first thing that probably comes to mind is Las Vegas. But Las Vegas currently represents just 10 percent of U.S. gaming industry revenue. This is according to a new report from Bank of America Merrill Lynch. Regional commercial gaming accounts for another 47 percent of the industry. […]

OLD NORMAL: Bill Gross Doubles His US GDP Growth Forecast

Bill Gross, who runs the biggest bond fund in the world at PIMCO, has been pessimistic on U.S. economic growth ever since the financial crisis in 2008. PIMCO coined the term “New Normal” shortly thereafter to describe an economic environment characterized by slow growth. Today on Bloomberg Surveillance, Gross said the U.S. economy may grow […]

CHART OF THE DAY: THE SCARIEST JOBS CHART EVER

This morning, we got some great news. The U.S. economy added 236k jobs in February and the unemployment rate fell to 7.7 percent.  Although the numbers were much better than economists’ expectations, they still reflect a job market that remains incredibly weak almost four years into the economic recovery. Calculated Risk runs a chart every […]

Mike Mayo Tells Wall Street Analysts What To Do If They’re Getting Bullied By A CEO

Last week Mike Mayo went head to head with Jamie Dimon at JP Morgan‘s investor day, arguing why investors might consider (say) UBS over JPM. Dimon got the better of him in that tiff, dominating with a quick zinger that the Street repeated for days – “That’s why I’m richer than you.” Today the infamously […]

Big Banks Wrongfully Foreclosed On More Than 700 Military Members During The Financial Crisis

The nation’s largest banks have discovered that they wrongfully foreclosed on more than 700 military members during the financial crisis, the New York Times Jessica Silver-Greenberg and Ben Protess report citing unnamed sources familiar. This discovery was made when Bank of America, Citigroup, JPMorgan Chase and Wells Fargo had to look at mortgages during their […]

After The Market Closed, Ben Bernanke Dropped A Big Hint About When He’s Going To Take Away The Punch Bowl

With the economy seemingly improving, there’s been a lot of talk this year about “Fexit” – when the Fed will begin to exit some of the aggressive stimulative actions that it’s undertaken in the wake of the financial crisis. Currently the Fed is engaged in two big actions designed to ease monetary conditions. One is […]

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