Ulster Bank Parent RBS Fails Bank of England Stress Test “Royal Bank of Scotland (RBS)(RBS.L) will cut costs and sell assets to boost capital levels, it said on Wednesday after failing this year’s Bank of England stress test, which warned…
Markets are hitting all time highs. Of these markets Walt Whitman might have said, “Trump was elected. I forget the rest.” Such has been the euphoria that all those warnings, those insults and slander have been forgotten. Double Down asks…
We go on the road, in a golf cart, to talk models – macroeconomic models and how changing the model can magically make debt appear more attractive. We look at failed models like health care and the economics of ‘draining…
In March 2014, CEO Patrick Collison announced that Stripe would support bitcoin transactions. Owing to the zero-fee structure of the Bitcoin network, the cryptocurrency immediately became an … Read More
In March 2014, CEO Patrick Collison announced that Stripe would support bitcoin transactions. Owing to the zero-fee structure of the Bitcoin network, the cryptocurrency immediately became an … Read More
One of the most remarkable ironies of The Washington Post’s recent evidence-free fabrication of purported “Russian propaganda” websites (including this site) is how closely it mimics the worst excesses of the USSR’s Stalinist era. Those unfamiliar with the Stalinist era’s…
One of the most remarkable ironies of The Washington Post’s recent evidence-free fabrication of purported “Russian propaganda” websites (including this site) is how closely it mimics the worst excesses of the USSR’s Stalinist era. Those unfamiliar with the Stalinist era’s…
Peak Silver – Supply deficits continue meaning higher prices May have experienced a peak in world silver production Global silver market suffered another large net supply deficit in 2016 Peak silver likely as global silver production will decline to 887…
I am not a Democrat or a Republican. I do not consider myself a libertarian, progressive, socialist, anarchist, conservative, neoconservative or neoliberal. I’m just a 38 year old guy trying to figure it all out. Naturally, this doesn’t imply that there…
We all know wealth/income inequality is soaring. I’ve published many entries on this topic (please see the three charts below as a refresher), and it’s clear there are multiple sources of rising inequality: globalization and technology, which concentrate gains in…
Jim Willie Has Issued A Systemic Lehman Event Warning, “Except This Time, The Entire Global Financial System Will Erupt Like A Debt Volcano…“: Many are the potential fuses to be lit, which would create the conflagration, the massive bonfire of the bond vanities…
Bail in risk – €4 Trillion Italian banking system at risk as referendum looms Sunday according to Financial Times Concerns of multiple bank failures – Eight banks at risk of failure and bail ins Monte dei Paschi di Siena, third largest by…
Soon after the U.S elections, Peter Smith, CEO of Blockchain revealed that there’s a marked uptrend in the number of people embracing Bitcoin since Trump emerged as president. Blockchain is a London-based provider of … Read More
The masses have (finally!) reached the point where the pain of maintaining the status quo now exceeds that of breaking it. A People’s Coup has been set in motion, of which the election of Trump is just an early example…
The Nikkei Asian Reviewreports that Tokyo-based insurance firm Mitsui Sumitomo Insurance is developing an insurance product that will cover damages and losses at Bitcoin exchanges.
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