Money & Markets – Week of 12.15.13
Six More Countries Sign FATCA Agreements with US
CGMA Magazine | 19 December 2013
The US Treasury Department announced on Thursday that the United States has signed six more bilateral agreements…
T…
Six More Countries Sign FATCA Agreements with US
CGMA Magazine | 19 December 2013
The US Treasury Department announced on Thursday that the United States has signed six more bilateral agreements…
T…
Vatican Clean-Up ‘Has Not Sorted Out Scandal-Hit Bank and Asset Managers’
The Guardian| 12 December 2013
The Holy See’s regulators had not done full inspections of the Vatican bank or of the Administr…
Crypto-Currency Market Capitalizations
Coin Market Cap
Apple Completes Key China Mobile Deal – Report
CNN | 05 December 2013
Apple and China Mobile have reportedly inked a long-anticipated deal that …
An Update on Two Endangered Tax Breaks
Governing | 27 November 2013
With just over a month left in 2013 and Congress’ already abysmal track record, it’s a good bet that nothing will happen with tax re…
Hugh Hendry Capitulates: “Can’t Look At Himself In The Mirror” As He Throws In The Towel, Turns Bullish
Zero Hedge | 22 November 2013
First David Rosenberg, then Jeremy Grantham, and now Hugh Hendry…..
Citi Warns “Fed Is Kicking The Can Over The Edge Of A Cliff”
Zero Hedge | 14 November 2013
It is becoming increasingly obvious that we are seeing the disconnect between financial markets and the real …
The Non-U.S. Equity Index That’s Consistently Beaten Nasdaq, S&P 500 Over The Last 25 Years
Seeking Alpha | 08 November 2013
Setting aside the ‘active versus passive’ argument, major stock indices can…
Facebook Friends Could Change Your Credit Score
CNN | 27 August 2013
Choose your Facebook friends wisely; they could help you get approved — or rejected — for a loan…
Top Social Security Tax To R…
Exclusive – Boeing Gets $20.7 Billion Worth of 737 Max Commitments from China: Sources
Reuters | 25 October 2013
Boeing Co (BA.N) has secured commitments for around 200 of its 737 Max aircraft…
Fed…
No, JPM Isn’t Banning International Wire Transfers, No Limits On Withdrawals Either
Forbes | 17 October 2013
Is JPMorgan Chase trying to control customers’ money by preventing wire transfers and lim…
Goldman “Whistleblower” Sues NY Fed For Wrongful Termination
Zero Hedge | 10 October 2013
After seven months of investigating Goldman Sachs’ legal and compliance divisions…
IMF Calls For a Tax on H…
Twitter Files for IPO, Shows $317M in Revenue
Wired | 03 October 2013
Twitter has filed to go public, saying it will sell shares under the name TWTR…
Russia Sinks $1.5 Billion Into U.S. Tech Firms
…
Fund to Let Investors Bet on Price of Bitcoins
Telegraph | 25 September 2013
The upstart stock exchange SecondMarket has made a name for itself allowing investors to buy shares of hot private companie…
U.S. SEC Approves Long-Awaited Municipal Adviser Rule
Reuters | 18 September 2013
The U.S. Securities and Exchange Commission unanimously approved on Wednesday a long-awaited rule…
How to Rate a Lo…
“Trimming” Overseas Investments: J.P Morgan, and the Wider Implications
Giza Death Star | 11 September 2013
This article from the Wall Street Journal was sent to me by Ms. K…
Moody’s: U.S. Loc…
JPMorgan Removes Lending Barriers in Booming U.S. Markets
Bloomberg | 11 September 2013
JPMorgan Chase & Co. (JPM), the nation’s largest bank by assets, is easing mortgage lending standards in housi…
IRS Rule Leads Restaurants to Rethink Automatic Tips
The Wall Street Journal | 04 September 2013
Gratuities Added for Large Groups Will Be Taxed as Service Charges…
Gaiam TV Open Minds – Inside the…
All Legal Same-Sex Marriages to be Recognized for Tax Purposes, IRS Says
Journal of Accountancy | 29 August 2013
In the wake of the Supreme Court’s Windsor decision invalidating a portion of the Def…
Trader Chaos as Nasdaq Halts Options Trading
Bloomberg | 22 August 2013
Is Unemployment About To Spike Higher?
Lance Roberts
The Federal Reserve’s target for their accommodation program has been a …
Wal-Mart Outlook Reveals a Tale of Two Consumers
Yahoo! Finance | 16 August 2013
The Walmart (WMT) consumer is revealing a troubling new side to the economy…
Amazon’s Secret Plan to Sell You Ever…
Pope Francis Tightens Vatican Bank Controls
BBC News | 08 August 2013
The Pope has stepped up the fight against corruption at the Vatican by strengthening supervision of financial transactions at its …
Green Light for City-owned San Francisco Bank
The Huffington Post | 31 July 2013
When the Occupiers took an interest in moving San Francisco’s money into a city-owned bank in 2011…
Nashville ETF De…
Russia Sees Risks Emerging as Foreigners Amass State Debt
Bloomberg | 26 July 2013
Russia’s financial industry faces risks from surging demand for domestic ruble bonds…
Detroit Bankruptcy a “Ga…
Big Banks, Flooded in Profits, Fear Flurry of New Safeguards
Dealbook | 18 July 2013
The nation’s six largest banks reported $23 billion in profits in the second quarter…
G20 Backs Fundamental Re…
Deflation Pulling More Than Inflation
Kitco | 01 July 2013
Deflation and inflation pressures have both been pulling at the markets…
SEC Lifts Ban on Advertising for Certain Private Securities
Jou…
The Madoff Of Munis
Forbes | 05 June 2013
As her renown in the elite world of quarter horse breeding grew…
Global R&D Incentives Compared
Journal of Accountancy | June 2013
The American Taxpayer Re…
Warning of New Financial Crisis as Bond Yields Spike
Investment Week | 24 June 2013
The Bank for International Settlements (BIS) has warned spiking bond yields across the world threaten trillion of do…
New Map Tracks Evolution of Entrepreneurship in Kansas City
Kauffman Foundation | 20 June 2013
A newly created map of Kansas City’s entrepreneurial community…
Guest Post: Fed’s Economic Projections…
Treasury Sales By Foreigners Hit Record High In April
Zero Hedge | 14 June 2013
The monthly TIC (foreign capital flows) data gets less respect than it should…
US Budget Deficit Widens $139 Billion …
Advising Clients Regarding Erroneous Tax Return Positions: Part I
AICPA | 01 June 2013
Tax practitioners occasionally uncover or otherwise become aware of errors…
Beware of Sideways Markets
Institu…
The Real Reason Millennials Don’t Buy Cars and Homes
Yahoo! Finance | 31 May 2013
They’re narcissistic. Apathetic. Pampered. And addicted to their four-inch screens…
Gundlach: Gibson, Gas and G…
New BoE Chief Carney Will Devalue Sterling, Pimco Warns
The Telegraph | 29 May 2013
Growth in Britain is going to remain “challenged” for the next three to five years…
Monetary Rapture: The Inc…
FDIC to Reserve Oil, Gas & Mineral Rights
Smith & Associates Title Service Inc. | 02 April 2013
The FDIC announced last week that it will implement a program to reserve oil, gas and mineral rights…
…
Lower Energy and Food Costs Fuel Big Drop in Wholesale Prices
Los Angeles Times | 15 May 2013
Big drops in the cost of food and energy pushed wholesale prices down 0.7% in April…
U.S. Oil Productio…
Currencies – Wild Volatility In More Than The Yen
The Canadian Technician | 10 May 2013
This chart of the currencies that make up the $USD has been shown before…
Economists: Fed Will Taper Bond Pur…
Caribbean Bank Accounts are Next IRS Target
USA Today | 30 April 2013
Opening a new front in the U.S. crackdown on offshore tax evasion…
Investing: The Option They Never Told You About
The Permacul…
AR-15s Flying Off Shelves Amid Gun Control Fears
Yahoo! Finance | 25 April 2013
At the GunRunners Gun Show outside Atlanta, the line stretches out the door and around the corner…
Jon Corzine Sued b…
33 Times, You Poor Dumb Bastards
Stocktwits | 26 October 2012
I’m going to say this here and now for posterity and I hope you bookmark it…
Special Report: The Battle for the Swiss Soul
Reuters | 18…
Never Mind Facebook; Winklevoss Twins Rule in Digital Money
Dealbook | 11 April 2013
The Winklevoss twins, Cameron and Tyler — Olympic rowers, nemeses of Mark Zuckerberg…
Bitcoin Crash Spurs Race…
Labor Force Participation Rate Since 1987: Some Eerie Demographic Trends
Seeking Alpha | 04 April 2013
Tomorrow’s employment report is the major economic event of the week and one of the most closely …
Marc Faber Spells it All Out in 6 Minutes
YouTube | 18 February 2013
Marc Faber makes some predictions for the economy in 2013…
Lessons for Entrepreneurs from Crowdfunding
Growthology | 14 March 2…
White-Black Wealth Gap Nearly Triples
Squared Away Blog | 21 March 2013
Over the past 25 years, the difference in wealth held by white and black households in the United States has nearly tripled…
…
Kyle Bass Warns “The ‘AIG’ Of The World Is Back”
Zero Hedge | 12 March 2013
Kyle Bass, addressing Chicago Booth’s Initiative on Global Markets last week…
Sugar Bailout Is Govt. Policy at Its Worst:…
Resolving Globally Active, Systemically Important, Financial Institutions
FDIC | 10 December 2012
The financial crisis that began in 2007 has driven home the importance of an orderly resolution proces…
Swiss Billionaire Meyer Forms Fortune With Kissing Party
Bloomberg | 01 March 2013
Dressed in nothing but their lingerie and boxer shorts, more than 300 shoppers lined…
Ousted Groupon CEO Andrew Ma…
Cost of Dropping Citizenship Keeps U.S. Earners From Exit
Bloomberg l 22 February 2013
Tax attorney Seth Entin has fielded about a dozen calls since…
Bank of England Closes in on China Currency Dea…
Activism Shows Rise of Whatever-It-Takes Central Bankers
Bloomberg | 14 February 2013
As the world’s advanced economies grow at half the speed of the pre-crisis years amid persistently high unemplo…
Yale Suing Former Students Shows Crisis in Loans to Poor
Bloomberg | 05 February 2013
Needy U.S. borrowers are defaulting on almost $1 billion in federal student loans…
Royal Bank of Scotland to …
Amazon’s Future Is Not in Selling Stuff — And That’s a Good Thing
Wired | 31 January 2013
During Amazon’s wonkish earnings call this week, Chief Financial Officer…
Jobless Claims in U.S. …
Gold Initiative Prepares the SNB Headache
20 Minutes Online | 24 January 2013
Where are the 1,040 tonnes of gold the Swiss National Bank?…
Germany, France and Nine Other EU Countries Approved Tax…
Rio Tinto to Book $14 Billion Charge; C.E.O. Steps Down
The New York Times Dealbook | 17 January 2013
Two expensive acquisitions have come at a steep price for…
Russia Says World Is Nearing Curre…
Banks Win 4-Year Delay as Basel Liquidity Rule Loosened
CNBC l 07 January 2013
Global central bank chiefs gave lenders four more years to meet…
Irish Newspapers Want To Pass A Law That Would Mean …
Fed Minutes Show Some Concerns on Bond Purchases
Yahoo! Finance | 03 January 2013
Federal Reserve policymakers expressed broad support last month for the Fed’s…
Seeds of Doubt: Brazilian Farmers …
Amazon Infographic: How a Single Company Gained a Stranglehold over Online Shopping and the Future of Retail
Institute for Local Self-Reliance | 5 June 2012
Amazon, which started as an online booksel…
Out Of Ammo?
Zero Hedge | 12 December 2012
It has been three years and nine months since the Fed announced ‘real’ QE1…
Blankfein: Investors Face ‘Big Risk’ With Rates
CNBC | 12 December 2012
Lloy…
Danger Lurks Inside the Bond Boom
The Wall Street Journal | 06 December 2012
Amid Corporate-Borrowing Bonanza, Some Money Managers Warn of Little Room Left for Gains
David Rosenberg: Why I am Bulli…
‘No Substantive Progress’ in Fiscal Cliff Talks, U.S. House Speaker
CNN Politics | 29 November 2012
After meeting Thursday with President Barack Obama’s point man on fiscal cliff talks, House Speaker …
Superstorm Sandy Will Raise Used-Car Prices Nationwide
Los Angeles Times | 9 November 2012
The estimated 250,000 cars flooded by Superstorm Sandy on the East Coast will drive up used-car prices, even…
Smith & Wesson Holding Company Stock Responds to the Election
Yahoo! Finance | 13 October 2012
Samsung Bumps Up the Price of Apple’s Processors by 20%, Apple Can’t Say No
Android Authority | 12 Oct…
Fed Delays Basel III Rules Indefinitely
Silver Doctors | 09 November 2012
The Fed issued a statement Friday morning that they are delaying the implementation of the Basel III capital rules which were…
Bord Gais Energy Under the Hammer Next Year
Independant.ie | 21 September 2012
The auction process to sell state-owned Bord Gais Energy (BGE) will kick off in the first quarter of next year, the Iris…
Oct. 22, 2012
Financial Perspectives | 22 October 2012
Certainly one of the main stories of the summer was the U.S. drought and its impact on grain production, specifically corn and soybeans.
Barofs…
JPMorgan Apologizes to Power Regulator for Misleading Information
Reuters | 18 October 2012
JPMorgan Chase & Co apologized to the U.S. energy regulator on Thursday for providing misleading informatio…
Exclusive: EU Insurers Strip Cover from Ships Storing Iran Oil
Reuters | 12 October 2012
Two European insurers have withdrawn cover for tankers involved in the Iranian oil trade
IMF Sees ‘Alarmin…
Cyber Attacks on U.S. Banks Expose Computer Vulnerability
Bloomberg | 28 September 2012
Cyber attacks on the biggest U.S. banks, including JPMorgan Chase & Co. (JPM) and Wells Fargo (WFC) & Co., have…
Veteran Russia Bear Jim Rogers Takes Moscow Bank Job
FT | 19 September 2012
Veteran investor Jim Rogers, a well-known Russia bear, appears to have had a change of heart: He’s taken a job as an advi…
Quantitative Easing Made Simple
The Burning Platform | 10 September 2012
Germany Approves New Eurozone Bailout Fund
DW | 12 September 2012
Germany’s top court has conditionally cleared the way for …
CPAs Sour on U.S. Economy as Election Nears
Journal of Accountancy | 6 September 2012
After rising significantly at the end of 2011 and the beginning of 2012, CPA business leaders’ optimism over the…
$2500 Gold Means War
Financial Survival Network | 29 August 2012
Catherine Austin Fitts interview (audio available)
Copper Users Seek to Block JPM and BlackRock ETFs
Institutional Investor | 1 August…
Fed Minutes Show a Slant Toward More Stimulus
Barron’s 22 August 2012
The latest reading on the Fed’s ever-mercurial Stimulus-O-Meter seems to point in the direction of more stimulus,
Fiscal Cliff…
The World’s Safest Banks 2012
CNBC
JP Morgan Liquidation Plan
JPMorgan Chase & Co.
Orderly Liquiidation of a Failed SIFI
Investors Prepare for Euro Collapse
Spiegel Online 13 August 2012
Banks, comp…
US Will Not Prosecute Goldman Sachs, Employees for Abacus Deal
Yahoo! Finance 9 August 2012
Neither Goldman Sachs Group Inc nor its employees will face U.S. criminal charges related to trades.
Fed Ex…
Bank Of America Has Lost Money Trading On Only Three Days In 2012
Zero Hedge Aug 2, 2012
From the just released Bank of America 10-Q: “During the three months ended June 30, 2012, positive trading-rel…
Horse-Whipping Rates to Zero
Libor Manipulation Well Known in London by 1991
Naked Capitalism 27 July 2012
A comment in today’s Financial Times is by a former Morgan Stanley trader, Douglas Keenan…
Highway Bill Saves GE $2.5 Billion In Pension Contributions
Pensions and Investments 20 July 2012
General Electric Co., Stamford, Conn., will reduce its pension contributions by a total of $2.5 billio…
Regulators Charge Futures Brokerage Firm and Chief With Fraud
DealBook (12 July 12)
Corn Deterioration Heralds ‘Huge Yield Downgrade’
agrimoney.com (10 July 12)
German Prosecutors Launch Probe Into …
Vatican posts $19 million Deficit, Worst in Years
abc9 Eyewitness News (5 July 12)
Finland Contests Seniority Clause in Spain’s Bank Bailout
Bloomberg (5 July 12)
Farmers: High Grain Prices Are a …
Chile Is Latest Country To Launch Renminbi Swaps And Settlement
Zero Hedge (26 June 12)
Massive Cyber Attack In Progress In the USA, Europe, Latin America
infowars.com (27 June 12)
Fiscal Cliff: 1 M…
IMF’s Lagarde Demands Action to Avert Threat to Euro
CNBC (21 June 12)
The Greatest Hoax Ever Perpetrated on Mankind
GoldSeek (15 June 12)
Goldman Short Call on S&P Trips Up Market
Yahoo Finance (21…
“The Carville Memo”
Democracy Corps (11 June 12)
US Coal Use Falling Fast; Utilities Switch to Gas
Yahoo (12 June 12)
As State Revenues Recover, Increasing Health Costs Remain a Burden
The Washingto…
Insight: Vatican Bank-money, Mystery and Monsignors
Yahoo News (8 June 12)
Take A Look At The New Internet That Opened For Business Today
Business Insider (6 June 120
Bankers Find It Tough to Tap Gu…
Exclusive: Greek Power Regulator Warns of Energy Meltdown
Yahoo Finance (1 June 12)
The Federal Reserve Cartel: The Eight Families
GlobalResearch.ca(1 June 12)
America’s Most Unwanted
Slope of hope …
Fiscal Cliff, Debt Ceiling Cast Dark Cloud Over Market Outlook
Yahoo Finance (25 May 12)
JPMorgan Gave Risk Oversight to Museum Head Who Sat on AIG Board
Yahoo Finance (24 May 12)
The Scene From Gol…
Cost of Greek Exit From Euro Put at $1tn
The Guardian (16 May 12)
Screeching Halt in China; Weak Trade Data; Imports and Exports Fall Way Short of Expectations; Credit Crunch Underway; Feeble Forecas…
CIC Stops Buying Europe Government Debt on Crisis Concern
Bloomberg (10 May 12)
Spain Nationalizes BFA and 45% of Bankia; No Bid for CatalunyaCaixa, Bank Worth Less Than Zero; Der Spiegel: Germany Fe…
Previewing Tomorrow’s Floating Rate Treasury Launch
Zero Hedge (1 May 12)
Global Investors Resume Exit From Euro Debt
Reuters (1 May 12)
YouTube
Hugh Hendry On Europe “You Can’t Make Up How Bad It…
How Apple Sidesteps Billions in Taxes
New York Times (2012)
CalPERS Releases First-Ever Report on Sustainable Investing
Calpers (2012)
Geithner’s Talk of TARP ‘Profits’ Is All Wrong: Romero
Fi…
Spain Marches Toward a Depression
Counterpunch (13 April 12)
Special Report: Tax Time Pushes Some Americans to Take a Hike
Reuters (16 April 12)
“Formula For Fraud” How To Become A Billionaire
Infor…
Apple Is About To Be Worth More Than All The Companies In Spain, Portugal And Greece COMBINED
Business Insider (11 April 12)
Iran Escalates Again, Cuts Off Oil Shipments To Spain
Zero Hedge (10 April…
Egan Jones Downgrades USA From AA+ To AA, Outlook Negative
Zero Hedge (5 April 12)
Charlesbank Capital Partners Acquires The Princeton Review Higher Education Readiness Division
Marketwire (27 March 12)
U.S. Airlines Seek Action on EU Carbon Tax
The Wall Street Journal (27 March 12…
As the Winter Ends, the De-Dollarization Begins
Hamsayeh.net (24 March 12)
JPMorgan Sued by Currency Trader Over $3 Million Decimal Point
Yahoo Finance (23 March 12)
A Primer for Those Considering E…
SWIFT Cuts Off Iran As Sanctions Vice Tightens
Huffington Post (15 March 12)
Exclusive: U.S., Britain set to Agree on Emergency Oil Stocks Release
Reuters (15 March 12)
US Treasury Yields Rising
Blo…
Insight: Coke, Conoco, Icahn Among Big Fish on MF Global Hook
Yahoo Finance (9 March 12)
Why High Oil Prices Are Now Affecting Europe More Than the US
Our Finite World (5 March 12)
Banking Giant Ac…
Inflation Not as Low as You Think, American Institute for Economic Research Says
GATA (29 Feb 12)
Bubbles – Sales of Cognac In Hectoliters
Zero Hedge (Feb 12)
Fannie Asks Gov’t for Almost $4.6B Afte…
Hugh Hendry: Betting On Deflation Through Japan
The Future Tense (23 Feb 12)
Projected PIIGS Pillage: 3233.5 Tons Of Gold To Be Confiscated By Insolvent European Banks
Zero Hedge (23 Feb 12)
Greece…
While You Were Sleeping, Central Banks Flooded The World In Liquidity
Zero Hedge (16 Feb 12)
A German Pensioner Takes on Commerzbank
Spiegel Online (14 Feb 12)
What Will Life Look Like for People Wh…
Argentina Limits Daily Financial Transaction Per Person to 1.000 Pesos (230 Dollars)
MercoPress (9 Feb 12)
Brokers Suspended in LIBOR Manipulation Inquiry
GATA (8 Feb 12)
Americans Gaining Energy In…
Unemployment Rate Drops to 8.3%; Payrolls Jump
Bloomberg (3 Feb 12)
Fed Fund Futures Point to Hike in Summer 2014
MarketWatch (3 Feb 12)
As Russian Gas Supply Dwindles, European Union Braces For Ano…