21 February, 2015 by The TZ Newswire Staff Comments Off on Subprime Car Loan Bubble 2.0 Full Frontal
Subprime Car Loan Bubble 2.0 Full Frontal
With the total balance of auto loans for new and used vehicles approaching $1 trillion in the U.S., the folks at Experian want you to know that no matter what the numbers say, there’s no speculative bubble forming in the industry. Just ask Melinda Zabritski, the group’s director of automotive finance, who is quick to dismiss the growing chorus of Chicken Littles who are concerned about subprime auto lending:
21 February, 2015 by The TZ Newswire Staff Comments Off on Why Does Fiat Money Seemingly Work?
Why Does Fiat Money Seemingly Work?
Submitted by Pater Tenebrarum via Acting-Man blog,
Introducing Money
Imagine three men living on a small island. Toni is mining the local salt mine, and apart from him there are Pete the fisherman and Tom the apple grower and their families. They have a barter trading system set up: Toni exchanges his salt for Pete’s fishes and Tom’s apples, who in turn exchange fishes and apples between each other.
21 February, 2015 by The TZ Newswire Staff Comments Off on Citi Warns Of "Dancing", "Music" And "Complicated Things" For The Second Time
Citi Warns Of "Dancing", "Music" And "Complicated Things" For The Second Time
“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”
– Citigroup CEO Chuck Prince, July 9, 2007
Several months later the liquidity “music” ends, Bear Stearns fails, Lehman bankruptcy follows and entire financial system nearly collapses.
…
Fast forward to:
21 February, 2015 by The TZ Newswire Staff Comments Off on Valeant nears deal to buy Salix for about $10 billion: WSJ
Valeant nears deal to buy Salix for about $10 billion: WSJ
Valeant Pharmaceuticals International is near a deal to buy Salix Pharmaceuticals Ltd for about $10 billion, the Wall Street Journal reported on Saturday.
21 February, 2015 by The TZ Newswire Staff Comments Off on CN Railway urges union to agree to arbitration as lockout looms
CN Railway urges union to agree to arbitration as lockout looms
Canadian National Railway Co (CNR.TO) on Saturday again urged Unifor, the union representing 4,800 of its mechanical, clerical and intermodal staff, to agree to binding arbitration and renewed its threat to lock out those workers on Monday. Canada’s No. 1 railway had called for binding arbitration on Friday when it first announced it was preparing to lock out employees represented by the union. Unifor, which on Friday called for CN Rail to return to the bargaining table, said on its Twitter feed on Saturday that the railway should negotiate a deal rather than seek arbitration.
21 February, 2015 by The TZ Newswire Staff Comments Off on Greece: The Facts Remain In A Game Of Theories
Greece: The Facts Remain In A Game Of Theories
Once again the financial markets displayed its utter confidence that no matter what Sword of Damocles may hang over its head, central bankers will thwart the impending peril. It’s beginning to take on such lore one could imagine or extrapolate in times going forward relative to the times passed since Zeus and the Immortals were believed to control the universe, today’s cadre of central bankers will be added to that roster of Olympus.
21 February, 2015 by The TZ Newswire Staff Comments Off on NewsWatch: How a 1% savings boost could sweeten your retirement
NewsWatch: How a 1% savings boost could sweeten your retirement
A new study calculates the long-term impact of increasing your retirement savings rate.
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