The Traderszone Network

Seattle’s Marshawn Lynch doesn’t like the press. But that hasn’t stopped him from becoming his own brand.

For 30+ years, Western countries have been papering over the decline in living standards by issuing debt. In its simplest rendering, sovereign nations spent more than they could collect in taxes, so they issued debt (borrowed money) to fund their various welfare schemes.

This was usually sold as a “temporary” issue. But as politicians have shown us time and again, overspending is never a temporary issue. This is compounded by the fact that the political process largely consists of promising various social spending programs/ entitlements to incentivize voters.

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Moody’s is under investigation by the Justice Department for some of its pre crisis mortgage ratings, according to a report.

CRH will fund the deal with cash, debt and a 9.99 percent equity placing, the Journal reported. A Holcim spokesman confirmed that the company received a binding offer from CRH, according to the Journal. The newspaper reported on Saturday that Lafarge and Holcim were nearing a deal to sell at least $7 billion in assets, citing people familiar with the matter. CRH was a finalist in an auction for the assets, competing in recent days with a private-equity consortium including Blackstone Group LP, Cinven and Canada Pension Plan Investment Board, the Journal had reported earlier.

Submitted by Alasdair Macleod via GoldMoney,

Despite the uncertainties ahead of the Greek general election, the European Central Bank (ECB) went ahead and announced quantitative easing (QE) of €60bn per month from March to at least September 2016.

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Ten years ago, Facebook was an infant, smartphones were nonexistent and the World Wide Web was nascent.

Five days ago, when previewing an event that could be the Holy Grail for FX traders in 2015, we wrote:

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