Global Intelligence
GIH: Scary revelations coming from the EU, regarding ‘bail-in’ strategies funded by savers. How this ‘confiscation’ of assets is to be structured and sold to the public (if they have a choice) remains to be seen. But even having such a discussion should make anyone with any assets in Europe worry. Cyprus was a ‘test […]
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GIH: An unprecedented data breach shows the real City; where brokers will do nearly anything to make a buck, including gouging clients on commissions, and stealing customer data to sell to the competition (or worse, scam artists). It’s becoming more and more difficult to differentiate between ‘legitimate’ financial institutions and ‘fraudulent’ ones, if such a […]
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The Federal Reserve (or Fed) has assumed sweeping new powers in the last year. In an unprecedented move in March 2008, the New York Fed advanced the funds for JPMorgan Chase Bank to buy investment bank Bear Stearns for pennies on the dollar. The deal was particularly controversial because Jamie Dimon, CEO of JPMorgan, sits […]
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I try my best to make people aware of the ridiculous BS that goes on behind the scenes in the halls of power. I try to help people understand the way Big Business manipulates our Government, the same way the Banksters and Billionaires manipulate the markets. In short – we explore the dark side of Capitalism as having […]
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GIH: The stock market has been off its highs, but more importantly, is a rotation out of stocks, in the largest equity outflow ever. Investors remember the financial crisis and may look at investing differently than before. Has the ‘buy and hold’ mentality finally been shook from retail investors? We are told that over the […]
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GIH: What the future will hold is difficult to project because of so many variables. But what we can say with near certainty, is that ‘this time is different’ – a combination of social and political factors has created an age that is unique – general economic prosperity in the West, cheap energy, and as […]
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Submitted by Charles Hugh-Smith of OfTwoMinds blog, The Fed cannot create a bid in bidless markets that lasts beyond its own buying. We all know the Federal Reserve (and every other central bank) has one last Doomsday weapon to stop a meltdown in the global financial markets: creating trillions of dollars out of thin air and […]
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How many times in the last few days have we been told that Turkey – or Ukraine or Venezuela or Argentina – are too small to matter? How many comparisons of Emerging Market GDP to world GDP to instill confidence that a little crisis there can’t possible mean problems here. Putting aside this entirely disingenuous […]
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There is one main reason why complacency is bad: selloffs. Because as Bank of America explains, in an environment in which there are “too few bears“, and where investors are “not prepared for a downside correction”, when you do finally get a sell off for whatever reason, with nobody hedged and otherwise prepared for such an outcome, […]
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GIH: We now have a better picture of how some tech giants were handling NSA requests for information. Of course, we cannot be sure that this represents an accurate picture of data released. Also, many of the NSAs collection strategies such as the TAO program, involve hacking or otherwise collecting info without the consent of […]
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