Shares in Germany’s largest bank have hit rock bottom on Monday as Chancellor Angela Merkel reportedly refused to provide Deutsche Bank state aid in its legal battle with the United States Department of Justice (DoJ).
Deutsche Bank refuses to pay $14bn US penalty
Deutsche shares fell as much as six percent to €10.67 in early Monday trading, the worst performance since 1992.
The... read more
No one has to be a victim of the global elite plan. You just have to see it coming. You preserve wealth by getting out of the way of certain developments. You increase wealth by getting out in front of other developments.
As always, timing is critical. It’s important to stay focused and be nimble.
Many of the short-run trends are the exact opposite of the long-run forces.
Stocks ma... read more
With continued uncertainty in global markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, told King World News this is the most dangerous time ever, with the world financial system now at the edge of a black hole.
The Most Dangerous Time Ever
World Economy Now At The Most Dangerous PointEgon von Greyerz: “The w... read more
On the heels of yesterday’s Fed decision, here is one of the most important pieces of 2016.
— After yesterday’s policy statements by the Fed and Bank of Japan, a harsh light is being shined on the incredible nature of their communications. It would be wise in the current environment to structure investment portfolios with a pro-volatility bias…
Central banks in G7 economies hav... read more
On the heels of the Fed’s decision not to raise interest rates in the United States, the floodgates have now opened to unlimited monetization and QE4.
The Floodgates Have Now Opened To Unlimited Monetization And QE4) – Last night the Bank of Japan took another giant step down the road of monetary insanity — a path it and other central banks have been traveling for quite some time —... read more
The U.S. Federal Reserve didn’t make any sort of surprise announcement on Wednesday, but it did give gold futures a reason to climb even further as the market breathed a collective sigh of relief.
About an hour after the Fed said it would leave interest rates unchanged, but offered some hints on the potential for a rate increase before the end of the year, December gold futures GCZ6, +0.71... read more
From CNBC International: Central bankers trying to spur growth are like alchemists trying to make gold and they're just as likely to fail, said Marc Faber, the publisher of the Gloom, Boom & Doom report.
"When I think of central banks, I think of alchemists," Faber, also known as Dr. Doom for his pessimistic views, told CNBC's "Squawk Box" on Thursday.
"They were trying to mix all kinds... read more
Robert Citrone, the Tiger cub who now runs one of the best-known macro hedge funds, is warning investors that the market moment they’ve been anticipating is at hand.
“We believe we are in the midst of the market correction we have been expecting," Citrone, founder of Discovery Capital Management, told investors in an e-mail obtained by Bloomberg. “It will likely persist over the next 3... read more
