It was just two days ago that Bloomberg implored officials to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.”
You probably never thought of your cash that way, but increasingly, authorities and the powers that be seem determined to lay the groundwork for the abolition of what Bloomberg calls “antiquated” physical money.
While the biggest news of the night had nothing to do with either oil or China, all that mattered to US equity futures trading also was oil and China, and since WTI managed to rebound modestly from their biggest 2-day drop in years, continuing the trend of unprecedented, HFT-driven volatility which has far surpassed that of equities and is shown in the chart below...
Ten years after the Greenspan Fed
Written by Peter Diekmeyer (CLICK FOR ORIGINAL)
Ten years ago this week, Alan Greenspan left his post as head of the US Federal Reserve, facing disgrace among hard money advocates, which largely persists to this day.
An ‘invisible tsunami’ of methane gas has been pouring out from a broken well in Los Angeles, causing thousands to become ill as people’s lives and business’ have been turned upside down for over three months, as residents wait for the gas company to take action once and for all. Huffingtonpost.com reports: The rotten-smelling air in and around the Porter Ranch community will begin to clear when the well is permanently sealed.