Deutsche Bank quits commodities under regulatory pressure
Deutsche Bank pulled the plug on its global commodities trading business on Thursday, cutting 200 jobs as it becomes the first major bank to exit the once lucrative sector due to toughening regulations and diminished profits.7 Science-Backed Reasons Why Generosity Is Good For Your Health
Giving of yourself — whether it be your time, energy or money — isn’t just a boon to those you’re helping. A wealth of research shows that generosity can also have benefits for the receiver, ranging from a better outlook at your job, to more years of life.Marc Faber: "Financial Crisis Don't Happen Accidentally, They Are Inevitable"
The First World War is explained as a consequence of the assassination of Archduke Franz Ferdinand, heir to the Austrian-Hungarian throne; the Depression in the 1930s as a result of the tight monetary policies of the Fed; the Second World War as having been caused by Hitler; and the Vietnam War as a result of the communist threat.Killing the U.S. Dollar: 100 Years and Counting
That’s what many critics are saying about the Federal Reserve System (the Fed), which turns 100 on December 23. They note that on the Fed’s watch America has endured numerous bubbles, crashes, and inflationary cycles that have greatly devalued the dollar. The Fed, they say, has caused or aggravated several crashes.Trading System Development from a Novice to a Profitable Investor
Making money in both market conditions is crucial for long term success and these two strategies you should be focus. All your strategy development should be focused on reaching these two primary goals.Daniel Kahneman on How to Control Irrational Tendencies
\"We keep our money in different mental accounts for which we have different rules.\" For instance, how much do you spend for a vacation? How much do you put into savings for your children's education? This 'sleeping beauty' is ready to awaken: Amundi
\"Europe is a sleeping beauty waiting to be awakened,\" Blanque said, adding \"we will see diversification outside the U.S. next year due to maturing valuations.\" Amundi Asset Management has more than 750 billion euro’s ($1.02 billion) under management.What Will Your Bank Look Like 5 Years From Now?
Several major banks are understood to be in talks to introduce \"express\" branches, which would be similar to self-service checkouts in supermarkets. These smaller outlets would be almost completely devoid of human interaction.Fractional Reserve Banking: How to Create and Destroy Money
In November 18th's remarks I wrote a piece on Quantitative Easing and its implications regarding the money supply and inflation. I received lots of feedback and would like to say thanks to those who took the time to write in. The additional questions posed were very insightful and show there is substantial interest in understanding these concepts in greater detail.Why You Lose Money Trading & the Answer
How to turn your trading into a simple automated trading strategy: you know the difference among a winning and losing trade – we have all experienced both and know the excitement and the frustration associated with it.Why London homes remain affordable – it is the buyers who change
“No one can afford to buy a house in London anymore.” Once again, rising house prices are a topic of conversation at metropolitan dinner parties. Over the past 50 years, figures from the Halifax show Greater London house prices rising relative to those in the rest of the UK by a modest but cumulatively significant 0.5 per cent per year.The Die Is Cast For A Recession: Albert Edwards, SocGen
“One key precursor for a recession has now fallen into place. Slowing productivity growth means that unit labor costs are now running well ahead of output price inflation… This means a margin and profits downturn is now about to unfold. That typically is a key precursor of recession.”Jim Rogers Discusses Currency Wars, Inflation And Gold-video
In the fifteen minute interview below Jim Rogers discusses how he is able to make accurate predictions about the financial markets. Rogers explains that his starting point is to start thinking in a contrarian way when everyone else is thinking the same thing.The Cycle of Wealth
At Forbes India, many of our stories revolve around entrepreneurship, innovation and success—the end product of which is often the creation of wealth. But wealth is not merely an end product; it is also the starting point for setting off a virtuous cycle of gain.Metallic Money (Gold/Silver) vs. Credit Money: Know The Difference
What it is (store of value and means of exchange) and its many variations (metal, paper, etc.). But perhaps the most important distinction to be made in our era is between metallic money and credit money.Big Banks’ Shadow Dance
One of the great myths propagated by very large financial institutions is that, if they were to become effectively regulated again, many investors and financial transactions would flee to “shadow banks.”The Most Rapidly Depreciating Currency In The World
Our modern security theater is a stark contrast to the past. But there’s been something else happening over the last several decades that is even more insidious… and far less obvious.Bitcoin: The Prison Cigarette of Global Currencies
Saving Money Could Make You Happier
The market has selected different things as money throughout history. Some of these items have served as money in isolated places for specific periods of time — for instance, cigarettes in prisoner-of-war camps
According to a new survey of 1,025 American adults by Ally Bank, saving money can have a significant positive impact on your well-being. Among those with a savings account, 38% report feeling extremely or very happy, compared to 29% of those without a savings account.Euro’s struggling countries set to outperform rich neighbors, say banks
Stocks in weaker euro zone countries like Spain and Italy look set to outperform their stronger peers this year, analysts say.