ZeroHedge: ECB Doubles Down on Financial Repression
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. We just posted a comment on the situation in the EU, where financial repression is still increasing. Big...
View ArticleClik here to view.
UBS Debunks “Strong Consumer” Farce Saying Consumer Credit Cycle Is In “Later...
In an environment where the Fed recently described household spending as "growing strongly," we have often questioned why consumer delinquencies would continue to grow (see "Subprime Auto Delinquencies...
View ArticleClik here to view.
Wells Fargo CEO John Stumpf To Retire Effective Immediately
The most anticlimiatic and predictable outcome to the biggest banking scandal to rock Wall Street in recent years, Wells Fargo;s fraudulent creation of 2 million (or more) fake customer accounts, has...
View ArticleClik here to view.
“Who Hit The Brakes?”– Bank Loan Creation Suddenly Tumbles To Five Year Low
While the overall economy appears to be humming along, at least according to the Fed which on Wednesday is expected (with 100% certainty according to the market) to hike rates by 25bps for the second...
View ArticleClik here to view.
12 Million Americans Are About To Get An Artificial Boost To Their FICO Scores
Back in August 2014, we reported that in what appeared a suspicious attempt to boost the pool of eligible, credit-worthy mortgage recipients, Fair Isaac, the company behind the crucial FICO score that...
View ArticleClik here to view.
Bill Blain: “The 1-, 4- And 10-Year Cycles Top Out Mid-August At Which Point...
By Bill Blain of Mint Partners, Blain’s Morning Porridge – June 28th 2017 Uncertainty, confusion, a Tech-sell off.. but are things as bad as they seem? “Now I got mortgages and homes, I got stiffness...
View ArticleClik here to view.
“This Is A Full-Blown Scandal: It’s Unbelievable, Outrageous”– Comptroller...
Wells Fargo is in boiling hot water. Again. One day after the NYT reported the latest major scandal involving Warren Buffett’s favorite bank, in which the bank was busted less than a year after its...
View ArticleClik here to view.
Millennials Have Never Been More In Debt, And It Is Creating A Major Risk For...
There is a seemingly unlimited number of disconnects in financial markets these days, not the least of which is the shocking divergence in recent years between the ever plunging unemployment rate in...
View ArticleClik here to view.
Goldman Ramping Up Private Equity Investments To Offset Low Vol And Low Volume
A Reuters article reports that Goldman is looking to make direct private-equity investments to compensate for weakness in trading. Goldman Sachs Group Inc is ramping up its private-equity investments...
View ArticleClik here to view.
U.K. Litigation Cases On Defaulted Consumer Debts Soar Beyond 2008 Levels
Last month, S&P warned that UK lenders could incur £30 billion of losses on their consumer lending portfolios consisting of credit cards, personal and auto loans if interest rates and unemployment...
View Article
