No worry about asset backed securitization in China: central bank
BEIJING – The market of asset-backed securitization (ABS) is quite small in China and risks can be prevented through better oversight and transparency, central bank governor said on Saturday. Responding to queries about the bank’s ABS practice which might transfer…
‘Free Trade’: The Elites Are Selling It But The Public Is No Longer Buying
“Free trade”: The elites are selling it but the public is no longer buying it. Look at the support for Democrat Bernie Sanders and Republican Donald Trump, especially in light of Sanders’ surprise 20-point comeback in this week’s Michigan primary….
Donald Trump Now Threatening Bernie Sanders With Violence And Chaos
Donald Trump Is Now Threatening Bernie Sanders With Trump Supporter Violence Donald Trump is determined to undermine the American presidential election system in every way possible. It’s not enough that he goads his brainless, racist supporters to attack peaceful protesters….
Gov’t spying bigger than you ever imagined
As soon as you set a passcode on your Apple iPhone, it sets off a feverish encryption process. If a hacker tries to get data off a memory chip, it just looks like a scrambled mess. But the same feature…
Has All Income Growth Gone To The One Percent?
Has All Income Growth Gone To The One Percent? by Scott Winship, Foundation For Economic Education Whose Income Recovered after the Recession? Some on the political left have used analyses by French economists Thomas Piketty and Emmanuel Saez to argue…
IOER – One Cost Of Income Inequality
Karen Shaw Petrou’s memorandum to Federal Financial Analytics clients on IOER – one cost of income inequality. TO: Federal Financial Analytics Clients FROM: Karen Shaw Petrou DATE: March 11, 2016 IOER – One Cost Of Income Inequality U.S. primary elections…
Inspiration For Hollywood’s Gordon Gekko Picks Unlikely Candidate
Former corporate raider and inspiration for Oliver Stone’s iconic fictional Wall Street kingpin Gordon Gecko announced his support of Democratic socialist Sen. Bernie Sanders for president. Asher Edelman rose to notoriety in the early 1980s as one of the first…
Wall Street expert shocks CNBC as he states Bernie Sanders is better for economy (VIDEO)
Asher Edelman founded Mack, Bushnell, and Edelman in 1969, and served as CEO. Edelman’s Wall Street businesses included investment banking, money management, and derivatives trading. In 1988, he taught a course called “Corporate Raiding – The Art of War” at…
Watch: Obama Talks About Encryption, Edward Snowden
President Barack Obama talked about encryption at the SXSW Conference in Austin, Texas, on Friday, urging the tech community to find solutions on assisting law enforcement without compromising personal privacy. Obama started the talk by saying he could not comment…
Europe Could Face a ‘Lost Generation,’ Report Warns
Young people in Southern European countries like Greece could become a “lost generation,” according to a new report which warns of skyrocketing intergenerational inequality in the EU. “The failure of economic policies in Southern Europe has had tragic consequences for…