Content originally published at iBankCoin.com
It was bound to happen... Cat people have hopped on the digital currency bandwagon and collectively plowed over $6.7 million into 'CryptoKitties' - an Ethereum-based virtual cat described as "breedable Beanie Babies," which have sold for upwards of $114,000. Each. The median price of CryptoKitties is $25.04.
DIGITAL CAT BREEDING SCHEME
Marvin Goodfriend is not a Fed governor yet, but it’s likely asking far too much to expect US lawmakers to block President Trump’s nomination.
Authored by Mike Shedlock via www.themaven.net/mishtalk,
Let's investigate what happened after the last 3 major tax reforms. Another "reform" is on deck.
I picked up this idea from Holger Zschaepitz, @Schuldensuehner, who made the following Tweet, posting a chart from Bloomberg.
With Republican leaders still frantically scrambling to find last-minute fixes in their tax-reform plan that will help win over moderate Republicans and deficit hawks who could create problems during the reconciliation process, the Washington Post is reporting that Republican leaders are considering a deal to roll back the corporate rate to 22%.
Citi stock tumbled, closing at session lows after the bank's CFO John Gerspach confirmed that the trading woes plaguing other banks would impact it as well, previewing Q4 trading as down "in the high teens." The percentage decline in trading revenue from a year earlier is largely driven by the bank’s fixed-income unit, Gerspach said on Wednesday at an investor conference in New York.