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Second JPMorgan Banker Jumps To His Death: Said To Be 33 Year Old Hong Kong...
The banker suicide wave that started in late January has now become an epidemic, and it seems to be focusing on one bank: JP Morgan.After the first suicide that took place in JPM's London headquarters,...
View ArticleGuest Post: Does The Trail Of Dead Bankers Lead Somewhere?
Submitted by Michael Snyder of The Economic Collapse blog,What are we to make of this sudden rash of banker suicides? Does this trail of dead bankers lead somewhere? Or could it be just a coincidence...
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Thursday Trivia: Why Are Wall Street Economists Paid Millions Of Dollars?
The answer: to be horrible weathermen.Behold:In retrospect, it is hardly surprising that two years ago in a head to head between Joe LaVorgna and the world's most famous weatherman, Groundhog Phil, the...
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Gold Price Rigging Fears Put Investors On Alert - FT
Today’s AM fix was USD 1,333.00, EUR 968.54 and GBP 800.46 per ounce.Friday’s AM fix was USD 1,320.75, EUR 963.63 and GBP 792.20 per ounce.          Gold fell $0.20 or 0.02% Friday to $1,323.50/oz....
View ArticleFrontrunning: February 24
Ukraine Seeks $35 Billion as Yanukovych Warrant Is Issued (BBG)Ukraine's fugitive president wanted for mass murder (Reuters)Polar Vortex to Bring More Snow on Return to U.S. This Week (BBG)China...
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Another "Successful Banker" Found Dead
The dismal trail of dead bankers continues. As The Journal Star reports, a successful Lincoln businessman and member of a prominent local family died last week. Former National Bank of Commerce CEO...
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Here Is The FT's Gold Price Manipulation Article That Was Removed
Two days ago the FT released a clear, informative and fact-based article, titled simply enough "Gold price rigging fears put investors on alert" in which author Madison Marriage, citing a report by the...
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Morgan Stanley Underwrites TSLA Convertible Offering Day After 100% Stock...
Tesla has just announced it intends to issue a $1.6 billion convertible note offering "for the development of a "Gigafactory" and a "Gen III" vehicle." While not that unusual - and of course, why not...
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Morgan Stanley Warns Of "Real Pain" If Chinese Currency Keeps Devaluing
The seemingly incessant strengthening trend of the Chinese Yuan (much as with the seemingly inexorable rise of US equities or home prices) has encouraged huge amounts of structured products to be...
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Eric Sprott On The "Golden Opportunity"
Submitted by Eric Sprott of Sprott Asset ManagementDon't Miss this Golden OpportunityGold declined from $1,900 in September 2011 to $1,188 on December, 19, 2013. Silver declined from $48.50 to $18.50...
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China Currency Plunges Most In Over 5 Years, Biggest Weekly Loss Ever: Yuan...
And just like that the Chinese yuan devaluation has shifted away from the merely "orderly."In the past few hours of trading, China, which as we reported two days ago has started intervening...
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Gold Price "Manipulated For A Decade", Repeatedly Slammed Lower, Bloomberg...
While the FT promptly retracted an article on precisely the topic of gold manipulation from earlier this week (recorded for posterity here), Bloomberg appears to not have had the same "editorial"...
View Article"More Bloodletting" As Citi/JPM See Plunge In Trading Volumes
Jefferies, Deutsche Bank, and now Citi and JPMorgan are all facing a collapse in trading volumes as Bloomberg reports the two banks brace for a fourth straight drop in first-quarter trading revenues -...
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Bitcoin Claims Its First "Real" Victim
[UPDATE: Tech in Asia has updated the article to emphasize that suicide is only suggested and not certain]The last few weeks have been dismally littered with two things. The virtual losses of virtual...
View ArticleFutures Drift Higher Pushed By Yen Carry In Advance Of BOE, ECB Announcements
Following yesterday's abysmal employment and service data which led to an unchanged close it quite clear that the market has returned to a mode where it ignores all newsflow - at least the bad, which...
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Copper Collapses Most Since Dec 2011 On China Credit Fears
We noted last night that Iron Ore futures prices were in free-fall as the vicious circle of China's commodity-collateral-backed shadow banking system unwind hits home amid fears of contagion from the...
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Bond Trading Grinds To A Halt: Goldman Set To Report Weakest Q1 Since 2005;...
The topic of disappearing bond market liquidity and volume has been beaten to death on this site over the past several years. Nothing new here: thanks to the Fed's central-planning mission creep which...
View ArticleAnother Trader Commits Suicide, Brings Total Recent Banker Deaths To 10
For a market that is flirting with all time highs on a daily basis, the recent banker and trader suicide epidemic seems oddly out of place. And yet, it continues to claim even more victims, with the...
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Crimea Bank Runs Begin As "Bail-In" Risks Arise
While the sight of Russian flags, pro-Russian troops, and Russian navy ships in Crimea is now a day-to-day thing; this morning brings a new normal for the eastern Ukraine region - long lines at bank...
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28-Year Old Former JPMorgan Banker Jumps To His Death, Latest In Series Of...
Not a week seems to pass without some banker or trader committing suicide. Today we get news of the latest such tragic event with news that 28-year old Kenneth Bellando, a former JPMorgan banker,...
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