Business

In a potentially revealing glimpse of what is to come from the next Fed head, Treasury Secretary Steven Mnuchin, speaking during a Politico forum, told the audience:

"Although we respect the Fed’s independence, we are concerned about economic growth. We’re doing everything we can -- whether it’s tax reform, whether it’s regulatory relief, whether it’s trade -- to create economic growth. And we’re less concerned about inflation at the moment."

(GLOBALINTELHUB.COM) — 9/14/2017 — Trading is difficult, if it were easy there would be no losers – in order for there to be winners in markets, there have to be losers.  But trading is not impossible, and Wall St. has developed an industry out of it called “money management” which is effectively conservative trading.

Dismal China data, 3 North Korea "prepping missiles" headlines and a North Korean "threat" headline - probably nothing...

Chinese economic data plunged overnight - the biggest disappointment to market expectations in 6 months...

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

Authored by Simon Black via SovereignMan.com,

On Tuesday afternoon, Jamie Dimon, the CEO of banking giant JP Morgan, let loose on Bitcoin.

He was speaking at the Barclays Financial Services conference, and when asked whether his bank employs any Bitcoin traders, he responded-

“If we had a trader who traded Bitcoin, I’d fire them in a second,” calling any trader who deals in the cryptocurrency “stupid”.

He went on to say that Bitcoin is a “fraud” and “won’t end well”.