Implode-O-Meter:
 
Fed Already Floats Idea of Resumed QE
2/23/2018 6:00 PM
``Curiously, before Powell"s remarks were dropped, both Dudley and Rosengren were on the tape this morning talking super dovish about QE as "useful to have in the toolkit for those times when the short-term interest rate tool may not be available," adding that The Fed is "quite likely" to require large-scale asset purchases again because real rates...Read More
 
VIX Funds Face Fresh Scrutiny From U.S. Regulators
2/23/2018 6:00 PM
``U.S. regulators are scrutinizing this month"s implosion of investments that track stock-market turmoil, including whether wrongdoing contributed to steep losses for VIX exchange-traded products offered by Credit Suisse Group AG and other firms, several people familiar with the matter said."...Read More
 
Brexit to end London house price boom
2/23/2018 6:00 PM
``In London -- long the hotbed for foreign investors behind a decade of skyrocketing prices -- the difference will be even starker: the average price is expected to fall 0.5 per cent this year."...Read More
 
Jailed Shkreli Jailed eyes $7m forfeiture to offset hedge fund fails (INCL. ONE-OFF WU-TANG ALBUM)
2/23/2018 6:00 PM
"Bro" Martin Shkreli appeared in court yesterday for the first time since a judge locked him up for his online antics... He was wearing a loose-fitting jail uniform instead of street clothes as he listened to the government argue that he"s on the hook for more than $7 million for his securities fraud conviction....U.S. District Judge Kiyo Matsumoto...Read More
 
Citigroup will refund $330 million to credit card customers it overcharged
2/22/2018 6:00 PM
Citigroup Inc. (CPRS) said on Friday that it would refund about $330 million to consumers after discovering it had overcharged 1.75 million credit card accounts on their annual interest rates. The company reports the average refund will amount to about $190 per account -- including interest....If you have been late on two consecutive credit card pa...Read More
 
Anbang Seizure Whets Buyers" Appetites for Buildings Across U.S.
2/22/2018 6:00 PM
With the temporary takeover of Anbang Insurance Group Co. by China"s government, real estate buyers are eyeing marquee properties from New York to California acquired in a global shopping spree. The insurer, like its fellow Chinese investor HNA Group Co., went on a multibillion-dollar buying binge over the past few years, grabbing properties includ...Read More
 
Former New York State Trooper Faces Foreclosure Over $25 HOA Fee
2/22/2018 6:00 PM
Former New York State Trooper David Silva"s $25 HOA Late Fee Has Turned Into A $47,554 Foreclosur...Read More
 
Prime-Age Men May Never Return to U.S. Workforce, Fed Paper Says
2/22/2018 6:00 PM
Men in their prime working years have left the labor force at an astonishing rate and they may never return if the state of the U.S. job market holds, according to a new report from the Federal Reserve Bank of Kansas City.A decline in demand for middle-skilled work -- a phenomenon dubbed "job polarization," because more positions are concentrated a...Read More
 
Fannie Mae Employee Indicted For Accepting Bribes
2/22/2018 6:00 PM
Former Fannie Mae Employee Charged With Accepting Bribes and Approving Below-Market Sale of Foreclosed Home...Read More
 
Venezuela"s New Cryptocurrency: Just Another Form of Control Fraud
2/22/2018 6:00 PM
The gee-whiz component of the petro is that it is supposedly "backed by oil."In other words, unlike other cryptocurrencies/ tokens, the petro has intrinsic value because it"s backed by oil...The only way any currency, fiat or crypto, is "backed" by any real-world commodity is if the currency is convertible into the commodity on demand, that is, the...Read More