Shutdown is starting to hurt Trump’s financial deregulation agenda
The U.S. government shutdown over President Donald Trump’s call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations. The...
Fed’s Kashkari says big banks are safer now than before the financial crisis
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of big banks, on Wednesday said the biggest U.S. banks are “unquestionably” safer than they were before the 2007-2009 financial crisis. The Fed’s ability to use monetary...
Why Jack Bogle mattered so much to the investing world
It was in the early 1990s, after three or four years as a correspondent at CNBC, that it became obvious to me: The vast majority of active managers rarely beat their benchmarks. Sure, there was Bill Miller (Legg Mason Value)...
The mortgage industry isn’t ready for a foreclosure crisis created by climate change
A foreclosure crisis spurred by climate change is becoming a real threat to the mortgage industry as extreme storms and other natural disasters increasingly occur in places where borrowers might not have flood or fire insurance. The industry is not...
Banking: What Santander’s failure to appoint Andrea Orcel as CEO means for the industry
Andrea Orcel and Ana Botín Andrea Orcel’s eventual non-appointment as chief executive of Santander will, in time, rank high on the list of dysfunctional succession plans in an industry known for some spectacular failures. Jaws hit the floor in September...
Sterling Stays Firm after May Won Confidence Vote, Euro and Swiss Franc Turning Softer
Sterling is staying as the strongest one for the week after UK Prime Minister Theresa May narrowed survived the confidence vote in Commons. Though, there is no follow through buying against Dollar. Upside momentum in the Pound is also relatively...
CAD/JPY Starts Next Bullish Leg
Short term Elliott Wave view on CADJPY suggests that the rally to 82.4 on Jan 9, 2019 ended wave (W). Pair then corrected in wave (X) as a double three Elliott Wave structure and the dip ended at 81.25. Down...
Australia Housing Finance Dips on Investors, Smaller Loans
Owner-occupiers (no.) –0.9%mth, –7.9%yr (f/c –1.5%). Investors (value): –4.5%mth, –23.4%yr. Total ex own occ. refi (value): –2.9%mth, –16%yr Housing finance approvals softened in November with weakness concentrated in investor loans and the value, as opposed to the number, of owner...
Pound Climbs As Theresa May Survives No Confidence Vote
Theresa May has seen off another immediate threat to her government, winning a vote of no confidence, launched by leader of the opposition, Jeremy Corbyn. May won the vote by 325 votes to 306, a margin of just 19 votes....
Jeremy Wagner, CEWA-M Gives you Insight on Advanced Technical Analysis
Key Points Discussed in this interview Jeremy’s early trading experience Why Jeremy pays little attention to the news Student to master: overcoming the initial challenges of Elliott wave analysis This article presents the highlights of the podcast so be sure...
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