Gold no longer a safe haven asset
Yet again panicky investors are rushing to buy gold at a time of global financial turmoil. It seems that most of the buying of gold is done by ordinary people who are not fully aware of what is actually happening…
Bernie Sanders Laughs At Chris Wallace For Pretending Rich Haven’t Done A Good Job Rigging The System
Fox News Sunday host Chris Wallace’s little game of pity the poor rich man didn’t go over so well with Sen. Bernie Sanders. The Democratic presidential candidate pretty well laughed in Wallace’s face when he tried to pretend that our…
SCOTUS Showdown Has Bigger Ramifications Then The Primary
SCOTUS Showdown Has Bigger Ramifications Then The Primary By Kevin Batts After the shocking news that Supreme Court justice Antonin Scalia had unexpectedly passed away my initial reaction was shock. Then like most of the conservative movement my second thought…
Did Yellen Just Greenlight Negative Interest Rates?
Did Yellen Just Greenlight Negative Interest Rates? Federal Reserve chairwoman Janet Yellen may have just opened the door to negative interest rates in the US. Otherwise known as NIRP (or ZIRP), negative rates are one of the most dangerous monetary…
VTech moves to limit liability on breaches of data of children playing with its toys
A toy company says it’s not responsible for future data breaches, just months after 6.3 million children’s profiles on its websites were hacked. VTech, a Hong Kong-based company that makes e-learning toys, is under fire from privacy experts and parents…
Sanders and Trump breakthrough in ‘United States of Anger’
Billionaire businessman Donald Trump and socialist Senator Bernie Sanders won on Tuesday the Republican and Democratic contests respectively in New Hampshire, the first primaries of the 2016 election season. In a huge turnout in the Granite state, both candidates enjoyed…
Machines Are Starting To Become Self-Aware
“Open the pod bay doors please, Hal.” “I’m sorry Dave, I’m afraid I can’t do that.” So said the sentient computer HAL at the controls of the Discovery One spacecraft to astronaut Dave Bowman in the 1968 Stanley Kubrick classic,…
Amcon Versus the Nigerian Entrepreneur [opinion]
An independent body should be empaneled urgently to take a second look at the claims filed to AMCON as the basis for drawing taxpayers’ money five years ago. This should not take eternity. The true status of the debts claimed…
Deutsche Bank Buys Its Bonds As Questions Mount Over Bank’s Future
As the price on Deutsche Bank credit default SWAPs soared, dramatically raising the cost of insurance backing the bank’s debt, the private company announced it was re-purchasing its own bonds, a move that re-assured markets at least for now. But…
Goldman Looks At European Systemic Risk
Systemic risk that was recently dormant is stirring, noted an economics research piece from Goldman Sachs. As credit spreads spike and pressure on bank equities has been building for weeks, it all just might be signaling a “reactivation of systemic…