American Express and Bank of America just got caught up in money laundering scandals involving drug cartels, and the financial media is barely whispering about it. Surprise, surprise when the same banks are buying ad time on those networks.
The CEO of United Airlines is out here demanding a national wealth tax and 100% inheritance levies. Before you cheer, ask yourself who writes the loopholes and who actually ends up paying.
The financial industry has spent decades convincing you that investing is impossibly complex, that you need their algorithms, their secret models, their proprietary systems. It’s one of the greatest cons ever pulled.
Homebuilder confidence just hit a 14-year low and the business networks are all over it. The problem is they are getting the story wrong, and that matters if you are thinking about buying, building, or investing in housing.
The financial industry has a dirty little secret: overconfident investors are their best customers. When you think you know where the top is, when you think you’ve got it all figured out, you trade more, you take on more risk, and you hand more money to the machine.
French bond yields at a 24-year high. European banks choking on government debt. Global capital sprinting toward the United States. The story Wall Street is not telling you could be the most important economic trend of this decade.
Over 50% of Trump Ballroom donors ended up with government contracts, a Turkish billionaire is wiring millions through the Congo to buy White House access, and a Venezuelan facing felony bribery charges just walked away with a misdemeanor. Nothing to see here, folks. Keep moving.
Another election season, another multi-billion dollar farm bailout. I have been watching this game get played for 15 years and the script never changes. Washington hands out your money, politicians take the credit, and nobody asks the obvious question.
Wells Fargo and Merrill Lynch settled charges for systematically overcharging retail investors on trades as small as $256. No jail time. No personal accountability. Just another fine that gets written off as a cost of doing business.
A Korean AI data center company just face-planted 30% on its opening day, and the underwriters who priced this thing are acting like it is somebody else’s problem. It is not. It is your money.
