While Wall Street has had its generous Federal Reserve sponsor for the past 8 years, literally printing money out of thin air, showering banks with risk-free profits and making the rich richer beyond their wildest dreams (although ever since the end of QE the pump has run dry), the rest of the US population was largely left to fend for itself.
On Tuesday, the US Senate passed the Justice Against Sponsors of Terrorism Act. The bill allows victims of terror attacks on U.S. soil or surviving family members to bring lawsuits against nation-states for activities supporting terrorism. Senator Charles Schumer (D-NY) explained that the bill is very near and dear to his heart, and would "allow the victims of 9/11 to pursue some small measure of justice."
Authored by Axel Merk via Merk Investments,
Since the beginning of the year, the greenback has shown it's not almighty after all; and gold - the barbarous relic as some have called it - may be en vogue again? Where are we going from here and what are the implications for investors?
Authored by Michael Lebowitz via 720Global.com,
In his 2016 State of the Union Address, President Barack Obama accused those claiming the American economy is in decline of “peddling fiction”.
After two violently volatile days in which the market soared (Monday) then promptly retraced all gains (Tuesday), the overnight session has been relatively calm with futures and oil both unchanged even as the BBG dollar index rose to the highest level since April 4. This took place despite a substantial amount of macro data from both Japan, where the GDP came well above the expected 0.3%, instead printing 1.7% annualized, which pushed stocks lower as it meant the probability of more BOJ interventions or a delay of the sales tax hike both dropped.