Thursday, February 25, 2016

Jack Ma - Founder of Alibaba

"The worst people to serve are the poor people."

Negative interest rates in the US? Just ask the FDIC.

When I was giving presentations on imminent bank bail-ins in 2013, I specifically pointed out inadequate FDIC funds.  Simon Black confirms the numbers today.

Wednesday, February 24, 2016

Gold Is Breaking Out; Goldman Stumped

  • CNBC: "You would fade this whole gold hike?"
  • Goldman's Jeff Currie: "Absolutely"
Translation: "sell your gold to us" because as usual things are not working out quite as expected for Goldman's clients who listened.

Tuesday, February 23, 2016