Business

Riot police have detained around 10 people protesting outside the central bank in Moscow, who were asking for a better deal on their Forex mortgages after the recent decline of the Russian ruble. The Star reports: Around a hundred protesters gathered outside the bank to demand their loans be converted to rouble mortgages from dollar and euro ones or that their repayments be recalculated using a different rouble exchange rate to take account of the Russian currency’s sharp fall in the last 18 months. Protesters have previously targeted the banks where they first took out their mortgages.

Who do you trust?

Morgan Stanley, Citi, and Goldman risk is exploding...

Transitory? Just like 2007?

It was "contained" then so everything is fine now? Right?

Are the "fiction peddlers" winning?

Since the "great" jobs report, stocks are tanking, the dollar has roundtripped, and bonds & bullion are surging...

Large cap financials have had an awful time in the last month and are 11.7% lower so far in 2016.

As ConvergEx's Nick Colas details, that’s worse than pretty much anything else, including all other S&P 500 sectors, the Russell 2000 small cap index, and even the MSCI Emerging Markets Index. 

“You are in a position to make 20 percent to 30 percent on your position in the fund. Why wouldn’t you buy in at Libor-plus to leverage that up?”

Good question.

That quote is from Tom Bernhardt, a senior vice president at TorreyCove Capital Partners, a San Diego-based private-equity consultant.