The Vulnerability Of The Elites

In a post-financial crisis world, the lack of viable international leadership is potentially troubling. In 2013, the WEF believes, this breakdown of international coordination will go increasingly local: in such a world, governments will focus more on their domestic agendas, which will create new risks in and of itself. Most importantly, the growing …

Key Insider Witness Sentenced

Roomy Khan, one of the first cooperating witnesses who helped build the U.S. government’s case against convicted hedge-fund manager Raj Rajaratnam, was sentenced to one year in prison.

Guest Post: Is Germany Preparing For Future Capital Controls?

Submitted by Jeff Clark via Casey Research,
The best indicator of a chess player’s form is his ability to sense the climax of the game.
–Boris Spassky, World Chess Champion, 1969-1972
You’ve likely heard that the German central bank announced it will begin withdrawing part of its massive gold holdings from the United States as well as all its holdi…

The Consolidated "Currency Wars" Chart

While we have pointed out various divergences among risk assets, the deterioration in macro fundamentals, the dismal earnings picture, and the potential for various geopolitical hotspots to ignite, there appears to be only one chart that the US equity market is willing to pay any attention to, for now – that of global central bank balance sheet size….

Clash of Federal vs. State Laws: US completely Arbitrary

By EconMatters
 
 

Should I race across state lines with a bag of weed in the car?

 

With the passage of two states Colorado and Washington in the last election cycle to allow for recreational uses of marijuana without a prescription or medical excuse which is in violation of Federal Law. With states like California and Mont…

How The Stock Market Became The "Food Stamps" for the 1%

Via Michael Krieger of Liberty Blitzkrieg blog,
The price of anything is the amount of life you exchange for it.- Henry David Thoreau
Society is like a stew. If you don’t stir it up every once in a while then a layer of scum floats to the top.- Edward Abbey
When the rich wage war, it’s the poor who die.- Jean-Paul Sartre
The Stock Market:  F…

The Tearing Of Europe’s Social Fabric

We have long-discussed the growing concerns of a rising level of social unrest in Europe. Our go-to chart has been youth unemployment – and it still reigns supreme as the scariest chart for European leaders (no matter what they publically claim). JPMorgan’s Michael Cembalest shares our concern as he opines on the potential for a tear in the social fa…

Deutsche Bank Swings to Loss

Deutsche Bank said it swung to a net loss of €2.17 billion ($2.94 billion) in the fourth quarter as it was hit by restructuring and litigation costs, but its shares climbed on news of an increased capital cushion.

FINRA Rakes In $800K in Trading Fines

The regulator will collect about $800,000 in fines for stock and options trading and trade reporting violations at over a dozen brokerages, according to the regulator’s January disciplinary actions report.