Source: Financial Digest (financialdigest.net)
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Breakdown: Libor habit is hard and costly to kickOver $300 trillion of financial contracts are linked to discredited benchmark interest rates. Switching to new ones could disrupt economies as well as markets. It will take a lot of money, time, and willingness to reconcile conflicting interests to avoid bad withdrawal symptoms.
Source: Breakingviews - 🏆 470. / 51 Read more »
Bloomberg - Are you a robot?jimcramer GoldmanSachs WSJ Hmm...
Source: Bloomberg - 🏆 97. / 63 Read more »
UBS to Pay $68 million to Settle State Libor-Manipulation ClaimsUBS will pay $68 million to end state investigations into alleged manipulation of a key lending benchmark that was considered one of the most important barometers of the world’s financial health. We can buy anything? But this page will reply. Time and time again. How's your subscriber count doing? Greetings and a jolly Xmas to you! Have fun:
Source: WSJ - 🏆 98. / 63 Read more »
Obituary: Versatile Greek Banker Helped Create LiborMinos Zombanakis, who died Dec. 22 at the age of 92, was a pioneer in the Euromarkets, a means of tapping the billions of dollars and other currencies held outside their countries of origin. FakeMath I just bought big bag $ONION DeepOnion and i think this is next big thing. Check out GetDeepOnion = privacy + blockchain protection
Source: WSJ - 🏆 98. / 63 Read more »
Higher mortgage rates, rising prices costing homebuyers $1,200 a year – or moreBoth rising mortgage rates and rising home prices are increasing what homebuyers will have to pay each month. While mortgage rates are largely national, home prices are local, so the increase in monthly payments will vary market to market. so much winning Americans are paying too much money 💰 for rent. They need $300 to $500 rent. Slumlords are raising rent every 6 months and charging $40 extra for water. The robbery needs to stop. People cannot afford rent.
Source: CNBC - 🏆 12. / 72 Read more »
SoFi CEO Anthony Noto: Market volatility, rising rates create 'opportunity for us''When the markets pull back, people evaluate: 'Where am I putting my money from an investment standpoint?'' says Anthony Noto, CEO of online lending platform SoFi.
Source: CNBC - 🏆 12. / 72 Read more »
Rising rates, slowing home sales expected to hurt remodelersGeneral contractors and other small businesses in the home remodeling industry can expect revenue to slow in 2019, the result of rising mortgage rates and sluggish home sales. That's the prediction of Harvard University's Joint Center for Housing Studies, which last week issued its... It is called the tail end of the ObamaRecovery to the BushGreatRecession. It is very, very old for a recovery. GOPTaxScam1 and GOPTaxScam2 steals $s from Americans and gives it to foreigners and global corps. Exploding debt will make recovery from next downturn very difficult
Source: ABC - 🏆 471. / 51 Read more »
Higher mortgage rates, rising prices costing homebuyers more than $1,200 a yearBoth rising mortgage rates and rising home prices are increasing what homebuyers will have to pay each month. While mortgage rates are largely national, home prices are local, so the increase in monthly payments will vary market to market.
Source: CNBC - 🏆 12. / 72 Read more »
Rising interest rates and prices hurt October auto sales, with SUVs still faring better than carsRising interest rates and higher prices are beginning to throttle U.S. auto sales. Interest rates on new vehicles averaged 6.2 percent in October. MAGA!!! Are dems and oligarchs using fed to derail POTUS economy gains? Some have done it before in Sourheast Asia, China and parts of EU
Source: USATODAY - 🏆 100. / 63 Read more »