28 May, 2015 by The TZ Newswire Staff Comments Off on Outside the Box: Your house is no key to Warren Buffett-like riches
Outside the Box: Your house is no key to Warren Buffett-like riches
Owning a house is no way to get rich, writes John Coumarianos.
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28 May, 2015 by The TZ Newswire Staff Comments Off on Ex-Lehman CEO Fuld: 27,000 employees were risk managers
Ex-Lehman CEO Fuld: 27,000 employees were risk managers
Lehman Brothers Holdings Inc. had 27,000 risk managers — the firm’s stockholding employees — before it collapsed in 2008, former Chief Executive Officer Richard Fuld said. “Regardless of what you heard about Lehman Brothers’ risk management, I had 27,000 risk managers because they all owned a piece of the firm,” Fuld, 69, said Thursday in his first public address since the financial crisis. Fuld, the keynote speaker at the Marcum MicroCap Conference in New York, called Lehman one of the greatest investment banks on the street.
28 May, 2015 by The TZ Newswire Staff Comments Off on Stocks Edge Lower, Undeterred By Shanghai Sell-Off
Stocks Edge Lower, Undeterred By Shanghai Sell-Off
Stocks showed modest losses in early afternoon trading Thursday, a respectable performance considering the Shanghai Composite index slumped 6.5% overnight. The Nasdaq, S&P 500 and Dow Jones industrial average all fell 0.3%. Nasdaq volume was tracking higher than Wednesday’s levels. NYSE volume was tracking about equal with Wednesday. The stock market used to be obsessed with China but not so much anymore.
28 May, 2015 by The TZ Newswire Staff Comments Off on The Fed: Fed’s Bullard: ‘Questionable’ benefits of zero rates should prompt new policy
The Fed: Fed’s Bullard: ‘Questionable’ benefits of zero rates should prompt new policy
St.
28 May, 2015 by The TZ Newswire Staff Comments Off on More and More Outlets Are Suggesting a Carry Tax on Physical Cash
More and More Outlets Are Suggesting a Carry Tax on Physical Cash
A carry tax… or tax on physical currency… is coming.
The Fed and other Central Banks literally took the nuclear option in dealing with the 2008 bust. Collectively, they’ve printed over $11 trillion and have cut interest rates to zero for nearly six years.
All of these efforts were focused on driving in trashing cash and forcing investors/ depositors into risk assets.
But these policies have failed to generate growth.
28 May, 2015 by The TZ Newswire Staff Comments Off on JPMorgan expected to cut more than 5K jobs: DJ
JPMorgan expected to cut more than 5K jobs: DJ
The JPMorgan Chase layoffs come as the bank has moved to put more of an emphasis on technology and rely less on human tellers.