When these new SEC rules kick in next month, they won’t just affect institutional investors – they could end up killing the markets.
Management wants us to believe “just 5,300 bad apples can spoil the bunch” at America’s favorite bank…
There’s a $400 billion bond bomb waiting for a light… and market volatility could be what sets it off.
Big banks are routinely penalized for shady activity.
This August of 2016 was one of the most placid in market memory, a stark contrast to the record high volatility of August 2015, to say nothing of August’s traditional volatility. But last month’s markets traded in the tightest range ever, a trend we’re still seeing in September.
Starting now, you can partner with Goldman Sachs for $1.
Fed Chair Janet Yellen spoke in Jackson Hole, Wyoming. Shah Gilani guessed what she might say. Here’s why that’s important.
The Fed’s low interest rates are killing savers and retirees, costing them more than $470 billion in interest income.
This didn’t exactly make the news, but in July, Fidelity Investments walked out of meeting on good corporate governance with financial chieftains, including Berkshire Hathaway’s Warren Buffett, BlackRock’s Larry Fink, and JPMorgan Chase’s Jamie Dimon.
Repairing the damage the Fed’s schemes have inflicted on free markets will require replacing it altogether.