Search Results for: assets
The Lesson Of Argentina: You Can’t Stabilize A Bankrupt Economy
May 2nd, 2019
So the U.S. puts Republicans (the party of small government) in charge, and gets… trillion dollar deficits as far as the eye can see AND a revival of socialism among Democrats. Scary as this may seem, the real (and ...
Standard Chartered Bank fined for poor AML controls
April 25th, 2019
The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed ...
Forex trading scheme charged in $75 Million fraud
April 25th, 2019
The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in federal court in Florida against Sarasota area defendants Oasis International Group, Limited (OIG), Oasis Management, LLC (OM), Satellite Holdings Company (Satellite), Michael J. DaCorta (DaCorta), Joseph S. ...
Hello old friend…Gold nears $1,350 resistance that has repelled it four times in 5 years
February 21st, 2019
The past five years have been baffling for gold bugs. In an environment of massive central bank money creation, rising government deficits and a populist takeover of many countries’ political systems – all of which should be great for ...
Crypto market gains $15 billion in 4 days
February 21st, 2019
Since February 17, within 4 days, the valuation of the crypto market has increased from $120 billion to $135 billion, by $15 billion. Crypto assets that have outperformed both Bitcoin and the U.S. dollar throughout February in the likes ...
Bears return as European stocks see second-worst exit on record
February 15th, 2019
The region’s equity funds experienced their second-largest outflows on record in the week through Feb. 13, bleeding $5.9 billion, according to Bank of America Merrill Lynch’s note, which cited EPFR Global data. Investors continued fleeing developed-market equity funds, including ...
As US piles on sanctions, foreign investors pour more money into Russia
February 14th, 2019
Russian companies’ stocks attracted the most foreign investment in 5 years, adding nearly $576 million in January, the Central Bank of Russia reported. Investors also actively poured money into Russian bonds despite US sanctions. The ruble-based Moscow stock exchange ...
Dollar rose against most other currencies
February 11th, 2019
The dollar rose against most other currencies on Monday, holding near a six-week high as fresh worries about U.S.-Sino trade tensions and global growth drove appetite for safe-haven assets. “U.S.-China talks are the big focus for the week and ...
Trade wars – a catalyst for economic crisis
February 1st, 2019
In my last article I used a proven accounting identity to show that the end result of President Trump’s trade tariffs would be to increase the trade deficit, assuming there is no change in the savings rate. The savings ...
Contingent liabilities and non-performing loans in the EU Member States
January 31st, 2019
Data on contingent liabilities and non-performing loans of EU governments for the year 2017 have been published by Eurostat, the statistical office of the European Union. This publication includes data on government guarantees, liabilities related to public-private partnerships recorded off-balance ...
