trump

  1. India: Cash Is Back (But The Crisis Has Deepened)

    India: Cash Is Back (But The Crisis Has Deepened)
    Nobody for President  On 17th July 2017, India will elect a new President through a vote of the elected representatives. The two real choices are between Ram Nath Kovind and Meira Kumar. Afraid of looking completely ignorant, I asked a few people who Kovind is. No-one knew of him and people only vaguely remembered Ms. Kumar. India will get a complete nobody...
  2. Trump’s America Is Facing a $13 Trillion Consumer Debt Hangover

    Trump’s America Is Facing a $13 Trillion Consumer Debt Hangover
    After bingeing on credit for a half decade, U.S. consumers may finally be feeling the hangover. Americans faced with lackluster income growth have been financing more of their spending with debt instead. There are early signs that loan burdens are growing unsustainably large for borrowers with lower incomes. Household borrowings have surged to a record $12.73 trillion, and the percentage of debt that...
  3. The New Gold Rush Is All About Vaults

    The New Gold Rush Is All About Vaults
    From safety-deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand. A rush into haven assets that began during the financial crisis is getting a new lease on life from an upsurge in populist politics and a quickening of inflation. Two firms say they’re planning to open...
  4. Krieger: Wall Street Completely Owns the Trump Administration

    Krieger: Wall Street Completely Owns the Trump Administration
    While America’s corporate press remains singularly obsessed with unproven and likely fabricated Russia-collusion conspiracy theories, Wall Street’s well on its way to getting away with financial murder thanks to an army of cronies embedded within the Trump administration. Indeed, Goldman Sachs running Donald Trump’s economic policy is perhaps the most concerning aspect of his Presidency when it comes to negative impacts on average citizens, yet...
  5. China Is Building Its Way to an Empire

    China Is Building Its Way to an Empire
    Don't look now, but Russia isn't the only threat to U.S. dominance. The American obsession with President Donald Trump and the investigation into untoward Russian influence is distracting us from China’s bid to displace the U.S. when it comes to global leadership. The latest major step is the “Belt and Road” initiative, which officially kicked off this week. Aimed at...
  6. Wall Street Wonders What’s Next After Trump Jolts Markets

    Wall Street Wonders What’s Next After Trump Jolts Markets
    For the first time, a Wall Street that’s been giddy over Donald Trump is starting to ask some hard questions. From Day 1, markets have rallied, defying what many of the same Wall Street types said would be a disastrous election outcome. Since then, U.S. stocks have hit record after record, driving up shares of Goldman Sachs to JPMorgan Chase to Apple...
  7. US stock futures, dollar fall on rising concerns on Trump

    US stock futures, dollar fall on rising concerns on Trump
    TOKYO (May 17): U.S. share futures and the dollar slipped in early Asian trade on Wednesday after reports that President Donald Trump asked then-FBI Director James Comey to end a probe into his former security adviser. The reports raised questions about whether charges of obstruction of justice could be laid against Trump, weakening confidence in the U.S. president's ability to...
  8. Asian nations pulled into China's orbit as Trump puts America first

    Asian nations pulled into China's orbit as Trump puts America first
    MANILA (May 2): Across Asia, more and more countries are being pulled into Beijing's orbit, with the timid stance adopted by Southeast Asian nations on the South China Sea at a weekend summit a clear sign this fundamental geostrategic shift is gathering momentum. US President Donald Trump's flurry of calls at the weekend to the leaders of the Philippines, Thailand...
  9. How Trump and Brexit Could Change Global Bank Rules

    How Trump and Brexit Could Change Global Bank Rules
    As two big economies chart a new course, some fear “regulatory arbitrage.” This is how a race to the bottom can start. In Washington, President Donald Trump has vowed to roll back the financial regulations passed after the 2008 crisis. In London, Prime Minister Theresa May, facing a possible exodus of bankers as Britain quits the European Union, has said...
  10. Geopolitical "Powder Keg" Supports Gold's Resurgence

    Geopolitical "Powder Keg" Supports Gold's Resurgence
    Despite the second slam in as many days into the London Fix... Gold is trading near the highest in five months, and, as Bloomberg notes, at least one measure suggests the rally is gaining momentum. Open interest, a tally of outstanding contracts in Comex futures, this week climbed to the highest since January as global tensions ranging from the U.S.-North Korea rift to European...

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