Business

Anbang Insurance, China's hyperacquisitive insurance rollup, which was responsible for a sizable portion of China's merger spree between 2014 and 2016, and which has since been accused of being a money laundering vehicle, of wreaking "havoc" with the Chinese insurance market, and was a potential investor in Jared Kushner's 666 Fifth Avenue building until the deal fell apart in March, announced that its billionaire Chairman Wu Xiaohui, is "unable to perform his duties" due to personal reasons, confirming Chinese media reports that the tycoon had recently been detained by aut

The curious case of the inverted yield curve in China's $1.7 trillion bond market is worsening as WSJ notes that an odd combination of seasonally tight funding conditions and economic pessimism pushed long-dated yields well below returns on one-year bonds, the shortest-dated government debt.

It's been about one month since his latest public address and so today, at 4:15pm ET the new Bond King, Doubleline CEO and CIO Jeffrey Gundlach, will host his latest webcast on the Total Return Fund, where in addition to a performance overview, Gundlach will share his latest perspectives on capital markets and his outlook on the economy.

The webcast will start at 4:15 pm Eastern/1:15 pm Pacific today (Tuesday June 13, 2017). To register and participate, please click on this link or the image below.

Gundlach's complete presentation is below

Every effort was made to stomp VIX to lift stocks ahead of The FOMC...

Authored by Simon Black via SovereignMan.com,

What I’m about to tell you isn’t some wild conspiracy. Or fake news. It’s raw fact, based on publicly available data from the US Federal Reserve.

This data shows a very simple but concerning trend: banks in the United States are becoming less safe. Again.

And they’re doing it on purpose. Again.

Few people ever give much thought to the safety and security of their bank.