25 December, 2014 by The TZ Newswire Staff Comments Off on Dipping into auto equity devastates many borrowers
Dipping into auto equity devastates many borrowers
High-cost, short-term car title loans are leading people to take out risky lines of credit.
25 December, 2014 by The TZ Newswire Staff Comments Off on Ruble Rallies 34% After Biggest Russian Intervention In 5 Years
Ruble Rallies 34% After Biggest Russian Intervention In 5 Years
Since the Russian Ruble troughed at almost 80 RUB/USD, it has rallied an impressive 34% erasing most of the dramatic devaluation of December. However, as The CBR just announced, this ‘strength’ came at a price. Russia burned through $15.7 billion of reserves in the week ending Dec 19th – the biggest percentage weekly drop in reserves since Jan 2009, leaving reserves below $400 billion (still a significant amount) for the first time since Aug 2009.
25 December, 2014 by The TZ Newswire Staff Comments Off on The Twelve Days of the Federal Reserve
The Twelve Days of the Federal Reserve
Here’s a little Christmas fun from the Gold Standard Institute.
Who needs Santa to bring us presents, when we have the Fed?
25 December, 2014 by The TZ Newswire Staff Comments Off on NewsWatch: ’Tis the season for a stock market rally, but not for long
NewsWatch: ’Tis the season for a stock market rally, but not for long
The Dow Jones Industrial Average’s annual seasonal pattern suggests the rally could last a few days longer, but investors should expect a happy start to 2015.
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25 December, 2014 by The TZ Newswire Staff Comments Off on China’s Christmas Present To The World: Beijing Eases Again, Sets Non-Bank Deposit Reserve To Zero
China’s Christmas Present To The World: Beijing Eases Again, Sets Non-Bank Deposit Reserve To Zero
Four years ago, on Christmas Day in 2010, China shocked the world when, unexpectedly, hiked its lending and deposits rates by 0.25% in order to battle inflation – only its second such hike in the prior 3 years.
25 December, 2014 by The TZ Newswire Staff Comments Off on What Are Risk-Weighted Assets, and Why Do They Matter to Bank Investors?
What Are Risk-Weighted Assets, and Why Do They Matter to Bank Investors?
Risk weighted assets are downright confusing, but every bank investor needs to understand them.
25 December, 2014 by The TZ Newswire Staff Comments Off on A Happy, If Unhedged, Christmas, And Open Thread
A Happy, If Unhedged, Christmas, And Open Thread
Via Zero Hedge member “Bill of Rights”
Merry X-MAS!
Oh the economy outside is frightful
But my 80-inch Big Screen’s delightful
And since our economy’s got no place to go
Let It Blow! Let It Blow! Let It Blow!!
Oh, the collapse doesn’t show signs of stopping
And I’ve brought some credit card debt for popping
My Obamaphones are turned way down low
Let It Blow! Let It Blow! Let It Blow!