
Bank CEOs Says Robots Can Replace Half of Citigroup and Deutsche Bank Employees
• https://www.themaven.net, Mike Mish ShedlockInvestment bank CEOs believe machines will take over 'lower-value tasks'. 50% of employees are at risk.
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Investment bank CEOs believe machines will take over 'lower-value tasks'. 50% of employees are at risk.
America in the midst of the greatest crisis in its 242 years of existence. I say this based upon the US federal debt to GDP (gross domestic product) ratio.
One of my favorite investors is Mark Spitznagel.
When looking at what is arguably the most important chart for risk assets - the net change in liquidity injections/drains from central banks (in addition to net credit creation in China of course) - we have traditionally shown readers some version of
Retail sales jumped far more than expected in May, up 0.8% vs a consensus estimate of 0.4%. Curiously, bond yields fell.
Here's a spotlight on some recent interesting Tweets.
Gerald Celente (American Trend Forecaster, Publisher of Trends Journal, Business Consultant, Author) on market conditions,are we headed for disaster, Trump/Kim (is this a done deal?), Central Banks and their ponzi schemes - Tarzan Keith stops by stud
One of my many business activities is being the Chairman of the Board of a company that's traded on a major stock exchange. The company is in the real estate business; we own a number of residential properties. And at the annual shareholder meetin
The Fed upped the interest it pays on excess reserves to 1.95% today. This is free money (taxpayer funded) to banks.
As an emerging asset class, cryptocurrency and blockchain technology related investments are gaining begrudging respect among finance professionals. Market slides aside for the moment, a study released by Grayscale Investments attempts to make the ca
Over the last 12 months, the purchasing power of your dollar has dropped at the fastest rate since 2011. According to the latest data released by the Bureau of Labor and Statistics, the Consumer Price Index (CPI) jumped by 2.8% year-over-year in M
Tim Picciott (The Liberty Advisor) on alternative wealth management - Doug Casey (Chairman of Casey Research; Best-selling author; World-renowned Speculator; Libertarian Philosopher) predicts economic future - Dr Phranq Tamburri = Trump Report
A few weeks ago, we reported that far from representing improving fundamentals, blockbuster earnings or a stronger economy, the "second quarter has been just one giant short squeeze."
...Monopoly on Money
Consumer price index rose 2.8% in May from a year earlier Inflation-adjusted pay unchanged over 12-month period
Stocks are higher... so the economy must be doing great and Trump must be awesome and trade wars don't matter, right?
The longer an expansion lasts, the crappier its paper becomes.
Extracting concepts and lessons from a classic educational comic.
To say I've become skeptical of 'markets' and their movements is probably an understatement.
This city's Target store is gone.
The economic collapse of the United States is underway. yesterday I cited the Governmental Accounting Office (GAO) and their dire numbers. Today, we look at the housing numbers and there is virutally no difference between the housing numbers of today
Three months ago, in the aftermath of the February VIXplosion and when the shape of Trump's protectionist agenda was only just starting to take shape, JPM's head quant, Marko Kolanovic made a simple prediction:
David Stockman is not backing away from his ultimate bearish position, warning viewers of CNBC that "there are some huge surprises lurking out there" because "we've had eight years of monetary expansion that is just off the charts of history."
Video-I Bought Silver...NOW WHAT?
James Corbett (The Corbett Report) on Paul Ehrlich, Crypto-Cannabis, Whole Foods/GMO Labeling, Alexa Surveillance, Amazon Rekognition; MK Ultra Victims Sue Gov't; NGO's and Psyops; Gaza Massacre; Iran and China; Social Media Alternatives; The REAL Mi
If your family is really struggling right now, you are far from alone. I have been publishing The Economic Collapse Blog for more than eight years, and all throughout that time I have seen the middle class in America get smaller and smaller and smal
The BRICS have attacked the sacred Federal Reserve by undermining the Petrodollar. The three BRICS leaders have totally ditched the dollar. This means war, following the total hording of gold. Nobody attacks the Federal Reserve and lives to tell abou
New Jersey Governor Phil Murphy's administration ordered an immediate halt to state spending and hiring, because of what NJ.com describes as "an esoteric accounting maneuver caught up in charged state budget talks."
Here's another example of how the Everything Bubble, the persistent inflation of all risk assets, has simply been the result of Fed money printing.
Confidence in the 'present situation' reached its highest since March 2001, and thanks to a downward revision in April, May's 'future expectations' bounced modestly leaving the headline just shy of cycle peaks...