The Idiot Savant thought he should pitch in while our marvelous magnanimous multitasking maestro was mindlessly meandering the old world, tirelessly touring terrific timeless towns, torridly tasting tempting tavern table treats. Moreover, since TK’s currently globe trotting across Europe rubbing elbows with professional thieves, I thought it apropos to concentrate my questionable craft on a cunning confidential continental institution situated in Switzerland. Namely; the Bank for International Settlements, otherwise known as the BIS. The above luminous photo is of their luxurious Headquarters.
Ten times a year, once a month except in August and October, a small group of well dressed men arrives in Basel, Switzerland. Carrying elegant overnight bags and stylish brief cases, they discreetly check into the Euler Hotel, across from the railroad station. They come to this quiet city from places as disparate as Tokyo, Paris, Brasilia, London, and Washington, D.C., for the regular meeting of the most exclusive, secretive, and powerful supranational club in the world.
Good old Chuck, too much is apparently not nearly enough. Chuck wants ZIRP-infinity stating that Ms. Yellen should “be careful” about raising interest rates.
Here’s what Sen. Charles Schumer wants to tell Janet Yellen on Tuesday
He ostensibly thinks that a lack of job growth is the “overwhelming problem” facing the economy. I think Chuck’s straw man is starting to come apart at the seams as the hay that stuffs it pops out in an embarrassing display. (more…)
Just to be clear in this day and age when every move is scrutinized, and every intention is analyzed as to expose ulterior motives. I feel it is my duty as a citizen to put any rumors (there aren’t but hey I’m being proactive) circulating to rest for the benefit of my readers. To Wit: (Ah hem…) (more…)
Suddenly the world is a buzz with the revelations that High Frequency Trading (HFT) may be doing more than actually harming the markets, it might be destroying the illusion they still are markets.
This past Sunday the world at large was introduced that maybe, just maybe, something was amiss in the financial markets. However, anyone with more than a passing interest in business, finance, and a little common sense could feel in their gut that something just wasn’t copacetic.
Between the Federal Reserves massive QE experiment amplified by the arms race of algorithmic technologies (aka HFT) to shave off a piece of that pie for themselves has been nothing more than breathtaking. (more…)
Of course the MSM is all up in arms about ‘evil’ Russia deploying troops in Crimea (it’s in Southern Ukraine – a peninsula of Ukraine located on the northern coast of the Black Sea). And the usual suspects are spinning at max hype velocity fully expecting all this to trigger WW3. I guess I better start stacking up on beans and bullets. Oh wait – my arsenal is all packed in long term storage over in Los Angeles – bugger!