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The Economy Is At An Odd Place Right Now
The economy in the USA is in a very odd place. Since the 2016 elections, the stock market has gone straight up, with no market correction. The Federal Reserve is determined to raise interest rates and to be honest, it is hard to argue against it. I do not believe that we have hit the new golden era. I also do not believe that the US Economy is going to crash either. 2017 is going to be a transition year, it could go bad or good. Much of this will depend on exactly what the US Government / US Congress does. Depending on those actions, will be the determination of exactly…
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Goldman Sachs Being Bad Boys & Systemic Risk Posed by U.S. and Chinese Banks
CFTC Orders Goldman Sachs to Pay $120 Million Penalty for Attempted Manipulation of and False Reporting of U.S. Dollar ISDAFIX Benchmark Swap Rates Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against The Goldman Sachs Group, Inc., and Goldman, Sachs & Co. (collectively, Goldman or the Bank). The Order finds that, beginning in January 2007 and continuing through March 2012 (the Relevant Period), Goldman attempted, by and through certain of its traders in New York, on many occasions to manipulate and made false reports concerning the U.S. Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a global benchmark for…
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FTC: Pursued By Zombies? Read This & December 2016 List Of Banks Examined For CRA Compliance
Federal Trade Commission Pursued by zombies? Read this. So you’ve taken every precaution against a zombie attack. You’ve sealed the windows, stockpiled kerosene, and keep a machete or two handy. But despite your best efforts, The Undead still manage to reanimate themselves and stalk their unsuspecting prey. We hate when that happens. But this time it’s not an episode of The Walking Dead. According to an FTC complaint, it’s an analogy to how digital advertising company Turn, Inc.’s “zombie cookie” continued to track consumers, even after people took affirmative steps to protect their privacy. California-based Turn describes itself as the “largest independent company in the advertising technology sector” with half…