Back in March, we highlighted official evidence divulged in unsealed court documents which seemingly revealed collusion between senior executives at the $60 billion ag-chemicals powerhouse, Monsanto, and the Environmental Protection Agency (EPA) to kill "inconvenient" research which suggested that Monsanto's key herbicidal product, RoundUp, might be literally killing people.
Just two months after Deutsche Bank was fined $165 million for not only still rigging FX when its currency traders were found to still be participating in banned chat boards, but for violating the Volcker rule, the chronic German recidivist bank, whose endless criminal activity cost the jobs of the entire previous management team... has violated the Volcker rule one again.
Authored by Charles Hugh Smith via OfTwoMinds blog,
Centrally issued money optimizes inequality, monopoly, cronyism, stagnation and systemic instability.
Everyone who wants to reduce wealth and income inequality with more regulations and taxes is missing the key dynamic: central banks' monopoly on creating and issuing money widens wealth inequality, as those with access to newly issued money can always outbid the rest of us to buy the engines of wealth creation.
Confused by Yellen's direction? You're not alone.
It's not just a state of mind, that's the name of the latest slideshow by the economics team at ING bank...
While the old saying is "they don't ring a bell at the top," we suspect Fed vice-chair Stanley Fischer just came as close as one can without screaming "sell."
It's getting clearer that Fed officials are getting concerned about where asset markets are going.