Tuesday, October 29, 2013
Insurance Companies Profit from Obamacare
5:50 am edt
Tuesday, October 22, 2013
Transfers excluded, JP Morgan Chase is Wired
The rumblings of capital and currency controls are causing a stir among perceptive financial observers.
You do not have to be a business-banking customer to fear the consequences of restricting the transfer of money. Both domestic
and international wires are no longer available to be sent from a business savings account, may seem unimportant to the average
Chase customer. Many do not have enough money on deposit to pay the wire fee. However, the kicker is that you can still receive
wire transfers.
7:25 am edt
Tuesday, October 15, 2013
IMF Proposal to Tax Bank Deposits
A report by Agence France-Presse, the International Monetary Fund strongly suggests countries tax the rich to fix deficit,
is a caveat for a bigger risk. “The IMF has set off shockwaves this week in Washington by suggesting countries fight
budget deficits by raising taxes. In its Fiscal Monitor report, subtitled “Taxing Times”, the Fund advanced the
idea of taxing the highest-income people and their assets to reinforce the legitimacy of spending cuts and fight against growing
income inequalities.” Read the entire article
7:12 am edt
Tuesday, October 8, 2013
Rehypothecation of Collateral
Before you get a headache or a pain in your side, rehypothecation is not as difficult to understand as spelling the word.
Definition of 'Rehypothecation':
“The practice by banks and brokers of using, for their own purposes, assets
that have been posted as collateral by their clients. Clients who permit rehypothecation of their collateral may be compensated
either through a lower cost of borrowing or a rebate on fees."
Read the entire article
5:20 am edt
Tuesday, October 1, 2013
Renminbi Soon to Be a Reserve Currency
In a provocative examination, financial expert John Mauldin addresses the relationship of the reserve
currency status of the U.S. Dollar and the up and coming Chinese Renminbi. His article, The Renminbi: Soon to Be a Reserve Currency?, is an important analysis. The doom and gloom predictions that the dollar is finished gets a rebuttal argument. While this
viewpoint may seem a little too late, the actions of the Chinese Inc. continues to lay into place a more prominent international
role for their RMB currency.
6:23 am edt
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