Tag Archive: JPMorgan Chase

Each Bitcoin Transaction Uses As Much Energy As Your House In A Week

2017-11-07

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2017-11-07

Bitcoin
While Bitcoin bulls will probably never have it so good as they have in 2017, we wonder whether many of them have stopped to think about the environmental downside of this roaring bull market. After all, back in the dot.com boom, people had ideas about potential internet businesses, issued pieces of paper representing ownership and watched their prices go parabolic parabolic.

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Is The Swiss National Bank A Fraud?

2017-09-24

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2017-09-24

SNB Stock Price, 2010 - 2017
The price of shares in The Swiss National Bank is up 11 days in a row, soaring 150% in the last two months. That sounds like a 'tulip' bubble-like 'fraud'... The SNB is up over 120% in Q3 so far - more than double 'bubble' Bitcoin...

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Here Are The Best Hedges Against A Le Pen Victory

2017-02-13

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2017-02-13

France "Risk" Over Germany
On Friday, after it emerged that as part of Marine Le Pen's strategic vision for France, should she win, is a return to the French franc as well as redenomination of some €1.7 billion in French (non-international law) bonds, both rating agencies and economists sounded the alarm, warning it would "amount to the largest sovereign default on record, nearly 10 times larger than the €200bn Greek debt restructuring in 2012, threatening chaos to the world...

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Davos Elite Eat $40 Hot Dogs While “Struggling For Answers”, Cowering in “Silent Fear”

2017-01-17

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2017-01-17

davos
For those unfamiliar with what goes on at the annual January boondoggle at the World Economic Forum in Davos, here is the simple breakdown. Officially, heads of state, captains of industry, prominent academics, philanthropists and a retinue of journalists, celebrities and hangers-on will descend Tuesday on the picturesque alpine village of Davos, Switzerland, for the World Economic Forum.

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Credit Suisse Settles With DOJ For $5.3 Billion; Will Pay $2.5 Billion Civil Penalty

2016-12-25

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2016-12-25

Credit Suisse
Shortly after last night's news that Deutsche Bank had settled with the DOJ for $7.2 billion, of which it would pay $3.1 billion in a civil penalty, far lower than the $14 billion number initially speculated (the stock popped as much as 4% before settling just over 2% higher currently), Credit Suisse likewise closed the books on its pre-crisis RMBS fraud when the largest Swiss bank agreed to pay $5.28 billion to resolve a U.S.

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Negative Consumer Financing Rates in Germany, Soon More Negative in Switzerland?

2016-08-07

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2016-08-07

Things are increasingly upside down in the brave new centrally planned world: thanks to negative deposit rates central banks have put an explicit cost on saving, while in various instances, such as taking out a mortgage in Denmark and the Netherlands, the bank actually pays the borrower, thus rewarding living beyond one's means.

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FINMA Fines UBS, All Markets are Manipulated?

2016-04-14

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2016-04-14

Gold and Silver Are Manipulated Deutsche Bank admitted today that it participated with other big banks in manipulating gold and silver prices. In 2014, Switzerland’s financial regulator (FINMA) found “serious misconduct” and a “...

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Futures Jump On Chinese Trade Data; Oil Declines; Global Stocks Turn Green For 2016

2016-04-13

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2016-04-13

With oil losing some of its euphoric oomph overnight, following the API report of a surge in US oil inventories, and a subsequent report that Iran's oil minister would skip the Doha OPEC meeting altogether, the global stock rally needed another catal...

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