Financial
Rich hoard cash as their wealth reaches record high
The amount of individuals that hold more than $30 million in assets has climbed to a new record in 2014, according to a global survey on Wednesday, which also warned that a lack of diversification meant that this wealth is not protected from shocks to the financial system. 12,040 of these new ultra high net worth (UHNW) individuals were minted in the year ending June 2014, said the Wealth-X and UBS World Ultra Wealth Report released on Wednesday. This meant a 6 percent increase from last year which pushed the global population of these millionaires to a record 211,275.
3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next?
Are you waiting for the next major wave of the global economic collapse to strike? Well, you might want to start paying attention again. Three of the ten largest economies on the planet have already fallen into recession, and there are very serious warning signs coming from several other global economic powerhouses.
Guess How Much Americans Plan To Spend On Christmas And Halloween This Year…
It is that magical time of the year for retailers. The period between mid-October and late December can often make the difference between success or failure in the retail industry, and this year will be no exception. As you will see below, it is being projected that Americans will spend a massive amount of money this holiday season.
The dollar decline continues: China begins direct convertibility to Asia’s #1 financial center
This morning some of the biggest financial news of the year made huge waves all over Asia. Yet in the Western press, this hugely important information has barely even been mentioned. (CNBC.
Why Financial Markets Need $200 Billion Each Quarter From Central Bankers
By estimating that zero stimulus would be consistent with a 10 percent quarterly drop in equities, they calculate it takes around $200 billion from central banks each quarter to keep markets from selling off. With the Fed and counterparts peeling back their net liquidity injections from almost $1 trillion in 2012 toward that magic marker, King’s team said “a negative reaction in markets was long overdue.” “We think the markets’ weakness owes more to an almost belated reaction to a temporary lull in central bank stimulus than it does to any reduction in the effect of that stimulus in propping up asset prices,” they said in an Oct.
9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years
Is the stock market about to crash? Hopefully not, and there definitely have been quite a few “false alarms” over the past few years. But without a doubt we have been living through one of the greatest financial bubbles in U.
Americans face post-foreclosure hell as wages garnished, assets seized
Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets. By now, banks have usually sold the houses.
Cyber-criminals could trigger the next global financial crisis by making a major bank ‘disappear’
Cyber-criminals will trigger the next global financial crisis by making a major bank “disappear”, one of the UK’s leading finance chiefs has claimed. Mark Boleat, head of policy for the City of London, said cyber-criminals would go about “destroying bank records and changing the amounts people have in their accounts”, sending shockwaves through the financial system like a “neutron bomb”. People would find that their savings have been wiped out, their records deleted, and they would come up against “denials of service”, stopping them from accessing funds, Mr Boleat told The Sunday Telegraph.
Serious Financial Trouble Is Erupting In Germany And Japan
There are some who believe that the next great financial crash will not begin in the United States. Instead, they are convinced that a financial crisis that begins in Europe or in Japan (or both) will end up spreading across the globe and take down the U.S.
Smoking Gun Evidence That The New York Fed Serves The Interests Of Goldman Sachs
For years, many people have suspected that the New York Fed is more or less controlled by the “too big to fail” banks. Well, now we have smoking gun evidence that this is indeed the case. A very brave lawyer named Carmen Segarra made a series of audio recordings while she was working for the New York Fed.
Most People Don’t Believe It, But We Are Right On Schedule For The Next Financial Crash
People have such short memories. Even though we are repeating so many of the same patterns that we witnessed in 2000-2001 and 2007-2008, most people do not think that another financial crash is coming. In fact, with the stock market setting record high after record high lately, I have been taking quite a bit of criticism for my relentless warnings about the coming financial storm.
A Shocking Percentage Of Americans 50-64 Haven’t Saved A Dollar For Retirement
A deeply disturbing survey reveals how severe the retirement crisis in the U.S. truly is.
The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About
Large numbers of people believe that an economic crash is coming next year based on a seven year cycle of economic crashes that goes all the way back to the Great Depression. What I am about to share with you is very controversial. Some of you will love it, and some of you will think that it is utter rubbish.
Will gold and silver really be good investments when the financial system collapses?
Is silver really a good investment for barter? Should you invest in silver or gold for a safety net in case the economy gets worse? I’m going to go over the pluses and minuses of each and tell you what I think.
JPMorgan Warns Military Escalation In Ukraine ‘May Lead To A Lehman-Style Shock’
The sudden military escalation in Ukraine in recent days has, according to JPMorgan’s Alex Kantarovich, reduced the earlier hopes that the high level meeting in Minsk on 26 August would help to defuse the conflict. As Kantarovich warns, the markets are now bracing for the US/EU responses. In the worst case scenario, now appearing more likely, severe pressure on stocks may extend.