Commodity Trade Mantra

Posts Tagged ‘Citigroup’

Crude Oil Crash Of 2016 Has The Big Banks Running Scared

During the boom years, big banks gave out billions of dollars in loans to fund exceedingly expensive drilling projects all over the world. Now those firms are dropping like flies & the big banks could potentially be facing catastrophic losses. Since the start of 2015, 42 US oil companies have filed for bankruptcy. The longer the price of oil stays low, the worse the carnage will get.

Gold Is A 6,000 Year Old Bubble - Citi's Dutch Strategist Throws Up All Over Gold

If gold is indeed such a worthless insignificant “fiat currency”, then why just two months ago, did Citibank rush to be “reclassified as a spot Market Making Member of the LBMA? Could it be that gold actually has some value to Citi, if nothing else than pocketing commissions from traders, now that the bank’s rigging is no longer possible?

Forget Ebola - Here's Why US Banks Are Now Extremely Vulnerable

Under the BIS Basel capital adequacy rules, government debt rated at least AA continues to carry a zero risk weighting. So banks need not set aside capital against it. With a combined position of nearly $2 trillion in US govt debt, against which they hold no capital buffer, US banks are now EXTREMELY vulnerable to a bond market sell-off.

One World, One Bank, One Currency

After QE to infinity since 2008, printing another $3 trillion+ won’t be politically feasible. The specter of sovereign debt crisis suggests urgency for new liquidity sources, bigger than those that central banks can provide, the next time a liquidity crisis strikes. The logic leads from one world to one bank to one currency for the planet.

The Volcker Rule and You: What’s Your Bank Doing with Your Money?

Its true that the Volcker Rule wouldn’t have prevented the financial crisis. So is your money safer in the bank with the Volcker Rule than without? There’s no concrete answer, but given that the loopholes are big enough to drive Jamie Dimon’s private jet through, I would say no.

Fed Finds TBTF Banks Increase Systemic Risk, Have A Funding Advantage

TBTF Banks can borrow more cheaply in bond markets than smaller rivals (an average 0.31% less on A-rated debt than their smaller peers), in part because of investor perceptions that they are too big to fail. This insensitivity of financing costs to risk encourages too-big-to-fail banks to take on greater risk.

After the crash of September 2008, the term “too big to fail” became familiar when hundreds of billions of dollars were set aside to bail out BANKS -The nations largest financial institutions. And today, many of the mega-banks that caused the panic of 2008 have now become even larger.

Scandal: Bank Of England Encouraged Currency Manipulation By Banks

This report confirms that yet another conspiracy theory is fact, as at least one central bank has been exposed to not only have known about a criminal activity that is now costing the jobs of hundreds of traders (and should lead to jail time), but to have urged it on.

Why It's Never A Good Time To Buy Gold - Ever

Don’t buy when gold price is rising because it’s too expensive – not even when price is falling because trend is down and it could always fall farther. Professionals, who manage investments do not recommend it because of market conditions. So, there is never EVER a good time to buy gold.

Too Big To Fail Banks Now Bigger Than Ever Before

Six largest banks in the U.S. have gotten 37% larger over the past 5 years – Too Big to Fail Banks made themselves bigger to ensure they will be saved each time, at all costs due to the extensive and irreparable economic damage their failure could cause globally.

Gold: An Attitude Adjustment for Bankers

A growing number of institutional analysts, that only a few weeks ago were singing a bearish tune have become bullish on the near-term outlook for Gold – The swift attitude adjustment is a testament to the strong impact of rising prices on the investor psyche.

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