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More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses

29.10.2019
The global economy seems to be heading toward a financial crisis fueled by central planners that could devastate markets worldwide. This year onlookers are witnessing the largest synchronization of central banks printing massive amounts of fiat or participating in other forms of stimulus....

Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet

2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...

Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

30.9.2019
Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits...

Bitcoin Cash Cuts 2.4% Since Yesterday; a Bounce Back May Happen Soon

23.9.2019
Bitcoin Cash loses 2.47% in the last 24 hours. The next resistance may fall at 312 USD. Bitcoin Cash (BCH) has adopted the market trend and like all its other major peers, it has been down by almost half a percent in the last 24 hours. The value has fallen to 304 USD now. The … The post...

More Signs the Next Big Financial Crisis May Begin in Germany

3.8.2019
Germany, the locomotive of Europe’s huge economy, is entering a difficult period, various indicators suggest. And when the Federal Republic sneezes, the Old Continent usually catches cold. This time, Germany may infect the rest of the world as well. An economic and financial crisis there...

The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn

25.7.2019
“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those...

As Oil Demand Falters, OPEC Decides To Keep Output Cuts Into Next Year

1.7.2019
The OPEC countries’ share of oil production may have become far less than what it used to be, but the institution is still regarded as one of the most powerful bodies when it comes to the oil industry. The soaring production levels of shale oil in the United States and the weak outlook with regards...

Sygnia Cuts Try with Consulting Giant Deloitte Over Reputational Issues

26.6.2019
The biggest consultancy firms in the world are now going through a lot of turmoil for having been mixed up in unsavory episodes over the past few years, and that is no different when it comes to their operations in South Africa. One of the biggest scandals to have hit South Africa in recent years...

Volkswagen’s Digital Transformation to See Cuts to 4000 Jobs

5.6.2019
Over the years, plenty of companies have gone on digital transformations that have seen core jobs being reduced at the expense of more robust Information Technology (IT) departments, and that is exactly what is going to happen with Germany car manufacturing giant Volkswagen. It has now emerged that...

As Deutsche Bank Shares Hit New Lows, CEO Promises Tough Cuts

23.5.2019
At one point of time, German banking giant Deutsche Bank was looked upon as being in the same category of some of the biggest banks of the world like Goldman, JP Morgan, and Barclays among others, as it set its sights on international domination. However, the financial crisis of 2008 burned...

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