by David Haggith The big talk among economists and central banksters and some politicians in 2020 has shifted toward how the Coronacrisis will (or “must”) result in a global financial/social reset. I’ve said for years we can anticipate central bank digital currencies (even before that term existed) to happen in conjunction with a global financial reset.
Month: January 2021
Developed market countries from around the world have been gaining overall with improving economic conditions. Japanese stock indexes have outperformed domestic benchmarks during certain years, and owning the Nikkei can be attractive for investors looking to diversify geographically. Improving corporate governance and increasing dividend rates from mature companies are two things helping equity investment momentum
Boris Johnson described the new year’s severing of ties with the EU as “an amazing moment” for Britain, but he faced warnings that Brexit could hasten the disintegration of his own country. Nicola Sturgeon, Scotland’s first minister, intends to put Brexit at the centre of her campaign in May’s Holyrood elections, at which the Scottish
The UK government published more than 300 pages of updated advice setting out how the new trade border with the EU will operate just hours before it came into force, leading business groups to plead for leniency in enforcement in the coming months. The eleventh-hour document published on New Year’s Eve included 70 pages of
A new lawsuit alleging conflicts of interest at BNY Mellon has put the investment advice of its wealth management unit under the microscope. BNY Mellon allegedly made “hundreds of millions of dollars” by investing client assets in underperforming proprietary and affiliated mutual funds, according to the lawsuit filed Dec. 21 by two clients in a
A 60 year-old man was arrested at Indira Gandhi International Airport in Delhi on Dec. 31, for allegedly heading a 25 million rupee ($340,000) cryptocurrency scam. Umesh Verma, a former jeweller and greeting card maker, was held by the Economic Offences Wing of Delhi police after arriving from Dubai. Police allege that Verma, along with
Wide-angle aerial view over the Ed Koch Queensboro Bridge and Midtown Manhattan, looking west getty In a borough as vibrant and busy as Manhattan, it can be hard to imagine finding a home that has access to all of the city’s excitement while also possessing the look and feel of a residential neighborhood—but those living
A new milestone has been reached in the crypto sphere, as the number of addresses holding Ethereum hit an all-time high of over 51.4 million before the end of a turbulent 2020 year. Number of Addresses Holding ETH Hits a New All-Time High Per figures of data site Glassnode, there are now 51,491,730 addresses holding
FEBRUARY 29, 2020: A set of gold-plated tea cups (Photo by Robert Alexander/Getty Images) Getty Images Most likely you will pay your Social Security taxes all year round. But some high earners will stop paying before their hangover headache hits in the wee hours of New Year’s Day. Social Security benefits are paid by the
The New Jersey Economic Development Authority will kick off the new year with a $350 million social bond offering to finance school facility upgrades. The NJEDA is hitting the market with a school facility construction borrowing designated as “social” bonds on Jan. 7. The negotiated offering will be led by Loops Capital Markets with Chiesa
Gold market explosive growth was the main story of 2020. Which gold miners have capitalized the most on the high prices of yellow metal and which have lost their luster despite market optimism? Kitco looked at share price movement between January 2 and December 23, 2020 for the top 20 gold mining companies by production.
The Fed is further obscuring the money supply numbers, ahead of another massive round of money printing. In fact… by Dave Kranzler of Investment Research Dynamics Note: I learned of the Fed’s redefinition of M1 from the invaluable research of John Williams at Shadowstats.com – This information was not reported by any mainstream financial news sources.
Southwest Airlines Co. and Sabre Corp. have finally reached an agreement after two years of discussions that will allow the companies to continue offering clients access to low fares and improved customer service in 2021. Southwest Airlines Co. (LUV), which will celebrate its 50th anniversary this year has itself a goal to offer exemplary
Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is, however, seeing a benefit this quarter from higher oil prices and improved margins in its
by Martin Armstrong Now that the Deep State has successfully carried out their coup to remove Trump ensuring even the Supreme Court has buckled under to the Deep State and abandoned the Constitution. Every Justice takes an oath to defend the Constitution yet they are able to ignore it claiming “discretion” to decide to defend
The feasibility of combinations in options trading allows profitable opportunities in varying scenarios. Be it the underlying stock prices going up, going down, or remaining stable, suitably selected option combinations offer apt profit potential. This article goes over “strip options”, one of the market neutral trading strategies with profit potential on either side of the
Tech investor Gene Munster told CNBC on Thursday he sees a reasonable path for Apple to reach a $3 trillion market capitalization in the future. The iPhone maker became the first publicly traded U.S. company to reach a $2 trillion market cap in August — a milestone Munster foresaw in January, when he made the
Many of the world’s top law firms have capped a tumultuous year with big bonuses for junior lawyers and an end to austerity measures imposed during the height of the global pandemic. US law firms have in recent weeks announced bonuses of up to $100,000 for junior staff, matching levels set last year. Those sums
The UK financial regulator has pursued only a handful of investigations under its flagship scheme for holding executives to account and is leaving City companies to make potentially unfair calls on employee misconduct, lawyers have warned. Figures obtained through a Freedom of Information request show that the Financial Conduct Authority has opened only 37 investigations
The question of whether advisors have a duty to recommend cheaper fund share classes to clients is at the center of an increasing number of SEC enforcement cases, in a pattern that could signal major implications for wealth management firms. Buried deep in the SEC’s spate of mutual fund share-class enforcement cases in recent years
Pundits and crypto analysts love to issue Bitcoin (BTC) price predictions regardless of how volatile the asset class is. In 2017, there were calls for BTC’s price to hit $35,000–$50,000, and of course, a few brave souls predicted that the price would top $1 million before correcting. No one will forget how John McAfee infamously
Now is the time to refinance getty Real estate dominated the headlines this year with foreclosure moratoriums, forbearance programs and the seemingly endless decrease of mortgage interest rates. Now, on the last day of the year, the latest report from Freddie Mac shows mortgage interest rates increased just barely to 2.67%, only one basis point
A South African High Court recently granted a provisional liquidation order against Mirror Trading International (MTI) following an application for relief by two investors who failed to withdraw their bitcoin. According to a statement released by lawyers of one of the aggrieved investors, this provisional order paves the way for the appointment of a liquidator
Economic Security Planning, Inc. Today’s column addresses questions about whether continuing to work ensures increased benefits, filing for reduced spousal benefits before a spouse passes away and the differences between restricted applications and filing for and suspending a retirement benefit. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
Municipals finished out an abbreviated trading session little changed as market players eye the first week of 2021’s new-issue slate, which checks in at over $2 billion. Yields on top-rated munis were flat across AAA scales. Traders again saw an abbreviated trading session ahead of the long New Year’s holiday weekend. The books have been
Gold price on Friday remained stable at Rs 53,300, while silver price was trending at Rs 68,400 per kg, according to the Good Returns website. Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes. In New Delhi, the gold price of 22-carat gold
You’re sure to love this live exposition of the highlights… Dave Collum interviewed by Chris Martenson of Peak Prosperity You’re sure to love this live exposition of the highlights of David Collum’s encyclopedic Year In Review — a particularly impressive tour de force this year given the craziness of 2020. Chris sits down here with
Arcturus Therapeutics (ARCT) investors felt the impact of a thunderous thud on Tuesday, following the share price’s collapse. The stock shed over 50% of its value after the company released disappointing data from an early-stage clinical trial of its COVID-19 vaccine candidate ARCT-021. While following the administration of one dose, the vaccine produced neutralizing antibodies,
Traders work on the floor of the New York Stock Exchange. NYSE The S&P 500 finished 2020 with a gain of 16.26% for the year and closed at a record high on Thursday, a remarkable performance after a drastic selloff in February and March. Some of the names in the broad market index had particularly
Authored by Doug Casey via InternationalMan.com, International Man: Markets have extreme emotions. They can go from irrational exuberance—where it seems everyone is swinging from the chandeliers—to a bottom-of-the-barrel bear market where people don’t even want to look at the business section. Why is assessing the psychology of the market so important? Doug Casey: The market,