Business

Baron David de Rothschild was indicted by French authorities last year after being caught embezzling huge sums of money from British pensioners.  Now French authorities have announced plans to step up their case against him by closing down and investigating the entire Swiss branch of the Rothschild’s banking empire. Thefreethoughtproject.com reports: According to Bloomberg, The Swiss unit of Edmond de Rothschild said it’s the subject of a French probe regarding a former business relationship managed by a former employee.

Submitted by EconomicPrism's MN Gordon, via Acting-Man.com,

Winter of Discontent

Former Federal Reserve Chairman Alan Greenspan resurfaced this week.  We couldn’t recall the last time we’d heard from him.  But, alas, the old fellow’s in desolate despair.

Unexpectedly rising from the crypt: Alan Greenspan

Nomura's Bob Janjuah warend in January that "the bubble implosion can't be fixed this time," and, as he explains in his latest note, he is pleased with all six of his key forecasts for 2016...

In particular on Commodities, with his expectation that crude would trade below $30 (the price per barrel fell from $37 in early January to a low so far of $26 in February).

 

Moments ago, for some unexplained reason, the St.Louis Fed - which recently issued a research report which "discovered" that "Consumers Across The Country Are Borrowing More To Buy Cars And Go To School" - on its twitter account asked a simple question: "See how the ECB's assets are growing?"

See how the European Central Bank's assets are growing https://t.co/cjQBj8y2VP pic.twitter.com/ozbnMU7Kh0

— St. Louis Fed (@stlouisfed) March 5, 2016

Women in New York have taken their “tampon tax” fight to court, suing over the taxation of feminine hygiene products. A group of women filed a lawsuit on Thursday accusing New York of unlawfully taxing tampons and other feminine hygiene products. They accuse the state of double standards and gender discrimination and seek to bring an end to the “unlawful” tax and force refunds to five million women. RT reports: “A tax on tampons and sanitary pads is a tax on women. The Tampon Tax is irrational. It is discrimination.