Financial

‘Financial Story of the Century’

‘Financial Story of the Century’ – The SEC’s Case with Ripple Moves Forward Despite Media Indifference (VIDEO) Tap here to add The Western Journal to your home screen.

“The Financial Story of the Century Continues to be Ignored” The SEC’s case with Crypto Innovator Ripple Labs Heats Up

“The Financial Story of the Century Continues to be Ignored” The SEC’s case with Crypto Innovator Ripple Labs Heats Up Tap here to add The Western Journal to your home screen.

Joe Biden Says “Rules are Rules” After Sha’Carri Richardson Banned from Olympics for Smoking Pot — But What About the Biden Family’s Financial Crimes?

On Friday US track star Sha’Carri Richardson was removed from the US track team for the upcoming Olympics. On Saturday it was revealed Sha’Carri Richardson was banned for having marijuana in her system. Advertisement – story continues below Joe Biden weighed in on the controversy and had the nerve to say, “Rules are rules,” in…

New OCC Rule Is a Win in the Fight Against Financial Censorship

By Marta Belcher On Thursday, the Office of the Comptroller of the Currency finalized its Fair Access to Financial Services rule, which will prevent banks from refusing to serve entire classes of customers that they find politically or morally unsavory. The rule is a huge win for civil liberties, and for the many sectors who…

David Stockman On Janet Yellen's Return & The Financial Storm Ahead…

Authored by David Stockman via InternationalMan.com, Janet Yellen is back. Naturally, the follies of Keynesian central banking come to mind. In many ways, Yellen’s tenure as Fed chairman was far worse than Ben Bernanke’s. At least Bernanke’s money-printing madness was undergirded by his credentials as a misguided scholar of the Great Depression and the mistaken…

Ten Remarkable Financial Events of 2020

By Peter C. Earle The past year has been one full of superlatives: from the most votes ever cast in a presidential election to the worst unemployment claims the United States has ever seen. There have been unbelievable highs, such as the record-breaking increase in new businesses launching, and there have been crushing lows, like…

For 55% Of Americans, 2020 Has Been "A Personal Financial Disaster"

Authored by Michael Snyder via The End of the American Dream blog, One of the big reasons why so many Americans are angry about the size of the “stimulus payments” in the COVID relief bill that Congress just passed is because this year has truly been a “financial disaster” for millions upon millions of people. …

For 55 Percent Of Americans, 2020 Has Been “A Personal Financial Disaster”

By Michael Snyder One of the big reasons why so many Americans are angry about the size of the “stimulus payments” in the COVID relief bill that Congress just passed is because this year has truly been a “financial disaster” for millions upon millions of people. More Americans than ever before are just barely scraping…

On Outrage, Tesla, & The “Hyper-Inflated” State Of Global Financial Assets

Authored by Bill Blain via MorningPorridge.com, “Eureka! The formula for success is letting others do the work, and then take all the credit!” The excellent Saxo “Outrageous Predictions”, and Tesla Does It Again!  Investment managers dread the approach of the Christmas holidays. They get deluged in a ton of turgid year-end outlooks which are unified…

Deflation Is Back In China As CPI Turns Negative For First Time Since The Financial Crisis

Yesterday, when discussing the biggest jump in Chinese FX reserves in 7 years we wondered if this was an indication that the PBOC was starting to lean against the surging yuan. Today, after the latest Chinese inflation data released moments ago, we are confident that it is only a matter of time before Beijing will…

London Braces For Brexit’s Financial Shockwave

The turmoil in London’s financial industry as a result of the pandemic looks like it is only going to get worse.  That’s because Britain is entering its final month of its Brexit transition period without a financial-services deal, according to Bloomberg. This means that many financial firms in London could be on their way out…

Beijing “Unexpectedly” Injects $30 Billion Into Financial System, Sparking Doubts About True State Of China’s Economy

Back in late 2019, we were frequently greeted by headlines such as this, indicating that PBOC was periodically making “unexpected” liquidity injections, which made sense in light of China’s ongoing economic slowdown: … and: Fast forward one year, when China’s economy is supposedly growing at a blistering pace thanks the massive credit injections following the…

China’s Financial Distress Floods Shadow Banks As Trust Giant Scrambles For Liquidity

The wave of financial distress flooding China’s corporate sector, which has seen a furious selloff in bonds following the unexpected default of several state-owned enterprises, is spilling over into a key financing conduit used by China’s giant shadow banking sector — the trust industry. As Caixin reports, Huaxin Trust Co. one of 68 companies licensed…

Once “Immune” To The Pandemic, The Financial Industry Is About To Face A Wave Of Layoffs

By Tyler Durden We covered  when Wells Fargo laid off 700 employees in early October, noting the bank, best known in recent years for scamming retail customers and botching small business refi loans, was just likely just starting to implement a larger plan that would result in the loss of tens of thousands of jobs. We…

Investors Ignore Evidence At Their Financial Peril

Authored by Lance Roberts via RealInvestmentAdvice.com, Some of my favorite movies are when a group of investigators tracks down “wrong-doers.” At first, they have only a few clues that are disparate and have little context. However, as the movie progresses, the clues coalesce into a meaningful outcome of catching the villain. In the financial markets, our job…

This Is Just The Start”: US Bankruptcies Soar 48% In May, Most Since Financial Crisis

All that was missing was a catalyst; one which according to & Bloomberg & arrived in late May as retail landlords started sending out thousands of default notices to tenants, who in turn experienced a collapse in foot traffic, sales and cash flow due to the COVID-19 pandemic, and were simply unable to pay their…