Authored by Eric Peters via EricPetersAutos.com,
Since they can’t sell electric cars – not enough of them, anyhow – and not without subsidies so huge they amount to outright bribes – the solution appears to be to outlaw all cars except electric cars.
This is no joke.
Three years after we first identified the former head of UBS's gold desk in Zurich as someone directly implicated in the rigging of precious metals prices, Bloomberg reports that Andre Flotron, a Swiss resident, was arrested while visiting the U.S., according to people familiar with the matter.
Having been "on leave" since 2014, it appears Andre's hope that he was gone but "keen to return in due time" are now up in smoke.
Authored by Ralf Zimmermann, Head of Equity Strategy at Bankhaus Lampe KG,
Let’s forget for ten minutes the upcoming Q3 reports (supportive for stocks), US policy risks (probably the biggest medium-term risk for stock markets), hurricane-related diversions and North Korean rumblings - and turn to a pretty fundamental issue, most likely the biggest one in contemporary capital markets: Central bank interventions in and manipulation of capital markets.
Concluding this week's series of lousy Treasury auctions was today's reopening of $12 billion in 29-Year-11-month Bonds due August 2047, which priced in line with the previous poor 3Y and 10Y auctions, printing at a high yield of 2.790%, a tail of 0.3bps to the 2.787% When Issued, and the lowest yield since last October's 2.47%.
Authored by Michael Snyder via The Economic Collapse blog,
When will America finally wake up?
The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles.