Latest Articles: Business/Finance
Why Dip Buyers Will Get Clobbered: The US Economy Isn’t Doing “Just Fine”
Post Date: 2016-01-27 08:36:48 by Ada
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As of June 2008 no Wall Street banking house was predicting a recession, yet by then the Great Recession—–the worst economic downturn since the 1930s—– was already six months old, as per the NBER’s subsequent official reckoning. Actually, it was already several years old if you concede that the phony housing boom of 2005-2007 was generating merely transient “statistical” GDP, not permanent gains in main street wealth. Even the movie houses now showing “The Big Short” have some pretty palpable reminders on that point——not the least being the strip club dancer who owned 5 residential properties, with two adjustable rate mortgages on ...
Davos’ stark reality: If assets continue like this, there will be a depression
Post Date: 2016-01-27 06:49:33 by BTP Holdings
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Davos’ stark reality: If assets continue like this, there will be a depression By J. Reeves January 26, 2016 “The only winning move is not to play”… The Wall Street Journal reports the mood out of last week’s World Economic Forum is somber. The annual conference in Davos, Switzerland, boasts some 2,500 attendees. They represent some of the world’s top business, political, and intellectual names. This year’s overriding theme was dire: The world’s central banks can’t “save” us anymore. The banks have been on an unprecedented money-printing experiment since the Great Recession began in 2008-2009. Bankers call this experiment ...
US taxes and FATCA: 'The time for hiding is over'
Post Date: 2016-01-26 14:48:06 by X-15
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FATCA. Since July 2014, the five-letter acronym has instilled dread in the hearts of American expats all around the world. “The Foreign Account Tax Compliance Act (FATCA) requires banks to report information to the IRS regarding all financial accounts held by American clients,” Ines Zemelman, expat tax specialist and founder of Taxes for Expats, tells The Local. "The age of financial privacy is over.” American citizens must report their worldwide earnings and assets to the IRS no matter where in the world they live. With the implementation of FATCA, expats who have spent years avoiding this uncomfortable truth are being reminded of it -- as well as being punished if ...
Beware: Wal-Mart's Raises Are Not a Victory
Post Date: 2016-01-26 14:39:00 by Ada
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The past year has been a very interesting one for Wal-Mart. For years -- decades, really -- the low-cost retailer has been a stout bulwark for low prices and low wages, against increasingly fierce pressure from left-wing activists who want Wal-Mart wages to be closer to those of the old manufacturing jobs that have disappeared. Wal-Mart ferociously refused to cave into pressure -- until suddenly in February of last year, the company announced a substantial hike in its entry- level wages. The company has just announced another wage hike, this one for everyone, in order to mollify some of those complaints. It's also announced that it's closing a bunch of stores, and in my own fair ...
FORGET BITCOIN There Is A Private Currency Sweeping America...
Post Date: 2016-01-25 07:14:01 by BTP Holdings
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An alternative currency – already in circulation across America – could soon explode in value. As you’re about to discover, it could hand you as much as $56,700 over the next 9-12 months. Some people are already calling it the “next Bitcoin.” And that’s saying a lot. As you may know, Bitcoin is the digital “cryptocurrency” that has disrupted economies worldwide. It has also made some investors a fortune along the way. Over the course of just three years, Bitcoin’s value skyrocketed more than 1,632,316%. You could have bought $10,000 worth of Bitcoin… and exchanged it for $163.2 million (in U.S. dollars) just 36 months later! The value ...
America’s Secret Multi-Trillion Dollar Black Ops Slush Fund
Post Date: 2016-01-25 04:16:05 by Horse
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A month ago two billionaires began a public dialogue that can enlighten us all about the Dark Corners of the American government. It began earlier this month when Hugo Salinas Price noticed that the reserves of Central Banks around the world had declined by a trillion dollars. Central Banks had dumped a trillion dollars in US government bonds in the 17 months ending January 8, 2016. Normally that kind of fire sale of assets would have taken down the US and global economies. Another billionaire had an answer. Rob Kirby said the US Exchange Stabilization Fund bought that trillion dollars in bonds. The Exchange Stabilization Fund was created in 1934. It is above the law and any Congressional ...
The Death of the Tech Darlings — and What It Means
Post Date: 2016-01-24 17:06:39 by BTP Holdings
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The Death of the Tech Darlings — and What It Means Mike Larson | Friday, January 22, 2016 at 7:30 am Remember all the hype over Twitter Inc. (TWTR) when it went public in the fall of 2013? The stock IPO’d at $26, then soared to almost $75 by the end of the year. But it’s been one long, sickening slide ever since – with the stock hitting an all-time low of $15-and-change earlier this week. How about the Square Inc. (SQ) IPO back in the fall of 2015? The payment processing technology firm is headed up by Twitter CEO Jack Dorsey, and it got a ton of adoring press. But after going public at $9 … then rising as high as $14.78 the next day … the stock has gone ...
Junior Resource Destruction & Three Traps to Avoid
Post Date: 2016-01-24 13:52:58 by BTP Holdings
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Junior Resource Destruction & Three Traps to Avoid Written by Nick Hodge Posted January 20, 2016 at 4:54PM The junior mining sector has been decimated. The Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) — which holds companies as small as $10 million — has lost over 40% of its value in the past year. It's lost 87% of its market capitalization over the past five years. Decimated. And some have met even more dreadful fates. Global X launched a junior mining fund in September 2012 with the clever ticker JUNR. But you won't find that fund exchange-traded anymore. The New York-based ETF sponsor decided to shut the fund down less than three years later. ...
VIDEO: Watch Investor #1 Get Slaughtered
Post Date: 2016-01-24 11:49:19 by BTP Holdings
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Which of the following two investors do you most resemble? << Investor #1 thinks oil will rebound, and he invests $5,000 playing a hunch. << Investor #2 has no clue what oil will do. But he knows how to generate an endless income stream - regardless of the market's direction. >> Now, let's say oil crashes from $50/barrel to $25/barrel. (Sound familiar?) << Investor #1 loses half his money. Ouch. >> << Investor #2 puts an extra $2,000 in his pocket. He can spend the money however he pleases. >> How did Investor #2 do it? It's simple, really... He's among a small group of readers winning in tough markets by using "cash ...
US Is Hiding Treasury Bond Data on Saudi Arabia That's Suddenly Become Crucial
Post Date: 2016-01-22 22:56:36 by BTP Holdings
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US Is Hiding Treasury Bond Data on Saudi Arabia That's Suddenly Become Crucial Image: US Is Hiding Treasury Bond Data on Saudi Arabia That's Suddenly Become Crucial (Dollar Photo Club) Friday, 22 Jan 2016 07:27 AM It’s a secret of the vast U.S. Treasury market, a holdover from an age of oil shortages and mighty petrodollars: Just how much of America’s debt does Saudi Arabia own? But now that question — unanswered since the 1970s, under an unusual blackout by the U.S. Treasury Department — has come to the fore as Saudi Arabia is pressured by plunging oil prices and costly wars in the Middle East. In the past year alone, Saudi Arabia burned through about $100 ...
WalMart Doubles Down On Wage Hike Debacle, Will Give Everyone A Raise Next Month
Post Date: 2016-01-22 08:46:52 by Ada
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WalMart’s attempt to pacify the living wage crowd by giving the company’s lowest paid employees a tiny, across-the-board raise has been nothing short of a disaster. The fiasco started early last year when the world’s largest retailer decided to spend some $1 billion to appease those who claim the company’s hourly workers don’t make enough to live with some semblance of dignity. To be sure, the veracity of that claim was never in question. Lowly shelf stockers, cashiers, and door greeters most assuredly do not make enough money to get by – especially considering the soaring cost of housing in America. The question was whether WalMart was making a prudent ...
DAVOS INSIDER: WORLD ECONOMY DOOMED, CENTRAL BANKS ‘OUT OF AMMO’
Post Date: 2016-01-22 08:01:32 by Ada
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Global banker admits Keynesian economics not working A top banker and Davos insider recently admitted that an economic collapse is imminent because the central banks have lost control and are completely out of ideas. Click for Full Text!
UnitedHealth Says Obamacare Is Costing It Billions
Post Date: 2016-01-21 09:53:44 by Ada
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More than originally estimated. UnitedHealth Group warned nearly two months ago that new customers from the Affordable Care Act exchanges would hurt the insurer’s bottom line, but it looks like it misestimated by how much as enrollments exceeded expectations. UnitedHealth, the U.S.’s largest insurer, says it will incur as much as $100 million more in losses associated with 2016 ACA plans than previously forecast. That brings total ACA plan loss projections for its new fiscal year to more than $500 million, up from previous estimates of $400 million to $425 million. The company said it would reconsider its participation in the government-mandated exchanges, according to ...
August Crash Lows Tested … Bonds Soar … Yen Surges … Oil Plumbs New Depths
Post Date: 2016-01-21 06:35:04 by BTP Holdings
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August Crash Lows Tested … Bonds Soar … Yen Surges … Oil Plumbs New Depths Mike Larson | Wednesday, January 20, 2016 at 4:20 pm Now THAT was ugly. Virtually every market tanked around the world, except for those that surge in times of worry and panic. To briefly recap: The Standard & Poor’s 500 Index knifed through its lows from the August crash at 1,867 earlier today, before staging a partial recovery this afternoon. The Dow Jones Industrial Average and Nasdaq Composite Index also sold off sharply, but didn’t quite get through their intraday August lows at 15,370 and 4,292, respectively. On the other hand, the Dow Transports and Russell 2000 Index bid adieu ...
David Stockman: The Sleepwalkers Awaken
Post Date: 2016-01-21 00:16:30 by Horse
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A host on bubblevision this afternoon noted that the S&P 500 is now down $2 trillion for the year and wondered if his panel could explain “what’s happened since January 1st?” The implication, of course, was that since no new recessions have started—- nor have any new wars been declared, polar glaciers melted or Wall Street banks gone down for the count——that the market’s worst ever start of the year was surely overdone. Maybe it was even BTFD time again. Then again, maybe the outlook is just as bad as it was before January 1st, but that the outlookers have acquired a new outlook. Stated more baldly, perhaps the sleepwalkers have finally awakened. ...
Like sheep to slaughter: You still aren't grasping the systemic risk in the stock market (or else you would have sold everything already)
Post Date: 2016-01-20 19:44:40 by BTP Holdings
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Like sheep to slaughter: You still aren't grasping the systemic risk in the stock market (or else you would have sold everything already) Wednesday, January 20, 2016 by Mike Adams, the Health Ranger (NaturalNews) If you still own stocks and mutual fund shares, you still aren't grasping the systemic risk in the stock market. No matter what you claim to BELIEVE, it is your ACTIONS that actually determine your true grasp of reality. Failing to sell all your stock holdings right now could result in massive losses as the world's bubble markets continue with an implosion that could wipe out 50% of current valuations for many stocks. The massive market bubble currently in place ...
Justice Ginsburg Leads Supreme Court Majority To Deliver Blow To Big Business
Post Date: 2016-01-20 18:47:18 by Ada
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Corporations won't be able to head off class action lawsuits by simply making a money offer to plaintiffs. Justice Ruth Bader Ginsburg wrote the lead opinion in a case that sought to curtail class action lawsuits against corporations. WASHINGTON -- The U.S. Supreme Court on Wednesday issued the first decision in a series of class action cases this term that are widely viewed as attempts by business interests to shut the courthouse door to consumers and everyday plaintiffs. In a 6-to-3 opinion in Campbell-Ewald v. Gomez, a case testing the limits on federal courts considering class-action disputes, the justices ruled that businesses can't just "moot" a case by simply ...
Bitcoin is a failed experiment, says major Bitcoin developer
Post Date: 2016-01-19 20:14:09 by BTP Holdings
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Bitcoin is a failed experiment, says major Bitcoin developer Mike Hearn, a major Bitcoin developer, says the cryptocurrency is a failure on the brink of technical collapse. By Jared Newman |PC World | 15 Jan 16 Fissures in the Bitcoin community appear to be turning to chasms, with one prominent developer abandoning the cryptocurrency for good. Mike Hearn, a longtime developer who often speaks about Bitcoin to the press and in presentations, wrote on Medium that he’s sold all his coins and will no longer participate in development. “What was meant to be a new, decentralised form of money that lacked ‘systemically important institutions’ and ‘too big to ...
Oil Bust Could End Dollar Domination
Post Date: 2016-01-19 10:59:42 by christine
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The US dollar survived the collapse of Bretton Woods in the ‘70s because its use in crude oil transactions made it the king of reserve currencies, but can it survive a collapse of petro dollars? Can the world survive the catastrophic geopolitical consequences that would follow? There is an overriding belief that the U.S. dollar can hold onto its status as the world’s king reserve currency simply because of petro dollars. But in recent years, a serious threat to this system has developed—and the risk of the dollar being dethroned is very real. The U.S. dollar has reigned supreme since the end of WWII, when the Bretton Woods system gave it is initial power. With Bretton ...
The North Dakota Crude Oil That's Worth Less Than Nothing
Post Date: 2016-01-18 09:02:53 by Ada
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General Economic Imagery From North Dakota Ahead Of The Republican Primary Negative energy prices are rare but not unprecedented. Propane traded at a negative value in Edmonton, a key pipeline hub in oil-rich Alberta province, for about three months last year. Photographer: Daniel Acker/Bloomberg Flint Hills values North Dakota Sour crude at -$0.50 a barrel Crude prices based on sulfur content and transport costs Oil is so plentiful and cheap in the U.S. that at least one buyer says it would need to be paid to take a certain type of low-quality crude. Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, said it would pay ...
What Happened to the Wall Street Sheriff?
Post Date: 2016-01-18 07:00:34 by Ada
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Elizabeth Warren is a no-good, stinkin’ fraud. Yes, we’re all familiar with her embellishing her family bloodline by claiming to be a descendant of Native Americans to get favorable treatment as a tenured professor at Harvard Law School. But let’s not focus on her red-skinned fable. Elizabeth Warren has spent her congressional career raging against big-bank bogeymen. She was elected from the People’s Republic of Massachusetts based primarily upon her tough stance against the financial industry. “Wall Street CEOs—the same ones who wrecked our economy and destroyed millions of jobs—still strut around Congress, no shame, demanding favors and acting like we ...
New Stimulus Program Surrenders Your Savings to the Banks
Post Date: 2016-01-18 06:37:58 by BTP Holdings
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New Stimulus Program Surrenders Your Savings to the Banks By Damon Geller We’ve had two epic market collapses in the last 15 years. In response, the Fed desperately tried to prop up the markets by severely cutting interest rates. Cutting rates to zero badly devalued the U.S. currency, sent us spiraling into record debt, and killed savers by lowering the savings rate to zero. But with the global economy still on terribly shaky ground and interest rates already at zero, do the gov’t & banks have any ammo left? Shockingly, yes. Central banks already have plans to impose negative interest rates – in other words, you get taxed on your savings! And in order to prevent you ...
Gulf States Equity Markets Plunge After Iranian Sanctions Lifted
Post Date: 2016-01-18 05:40:25 by Stephen Lendman
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Gulf States Equity Markets Plunge After Iranian Sanctions Lifted by Stephen Lendman Rogue Gulf States Saudi Arabia, Bahrain, Kuwait, Qatar and the UAE are implacable Iranian enemies - notorious for horrific human rights abuses, along with supporting ISIS and other takfiri terrorist groups. On Sunday, their equity markets plunged following international sanctions on Iran lifted, as well as oil prices continuing to fall. Iran able to sell more oil contributes to over-supply in the face of weakening demand. Global economic conditions are precarious at best. Oil contributes over 80% to Saudi and other Gulf states’ revenues. Prices plunged from their all- time high over $147 a barrel ...
Saudi Arabia Is Buying Up American Farmland To Export Agricultural Products Back Home
Post Date: 2016-01-18 03:50:15 by HAPPY2BME-4UM
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Saudi Arabia is Buying Up American Farmland to Export Agricultural Products Back Home Michael Krieger | Posted Saturday Jan 16, 2016 at 9:55 am 53 Comments Just what we need, cornfield crucifixions. Seriously though, this is very troubling. The Saudis are explicitly conserving their own resources at home, while exploiting land and water supplies here in America. CNBC reports: Saudi Arabia and other Persian Gulf countries are scooping up farmland in drought-afflicted regions of the U.S. Southwest, and that has some people in California and Arizona seeing red. Saudi Arabia grows alfalfa hay in both states for shipment back to its domestic dairy herds. In another real-life ...
Iran sanctions: Middle East stock crash wipes £27bn off markets as Tehran enters oil war
Post Date: 2016-01-17 12:13:17 by Ada
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Sanctions on Iran and its oil exports can now be lifted Prospect of the Islamic Republic pumping an additional 500,000 barrels a day sends stock markets in Dubai and Saudi Arabia into tailspin Stock markets across the Middle East saw more than £27bn wiped off their value as the lifting of economic sanctions against Iran threatened to unleash a fresh wave of oil onto global markets that are already drowning in excess supply. All seven stock markets in the Gulf states tumbled as panic gripped traders. London shares are now braced for a second wave of crisis to hit when they open on Monday morning after contagion from China sent the FTSE 100 to its worst start in history last week. ...
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