Some analysts, especially Chinese officials, fear that Trump may resort to trade and currency wars against China to prop up the American economy.
NEW YORK — JPMorgan Chase & Co has become the first bank to settle an antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion-a-day foreign exchange market.
The settlement with the largest U.S. bank was disclosed today in a letter from lawyers for JPMorgan and the plaintiffs and filed in U.S. District Court in Manhattan.
Terms were not disclosed.
A settlement agreement is expected to be filed with the court by the end of January.
NOTE: Interestingly planned dates – OPEC meeting in June, 2015, and SDR basket review July 2015. I see hidden plans within international monetary policy plans…
With little fanfare or notice, the CME Group has notified the CFTC that they plan to institute trading collars for Comex precious metals trading. At present, these collars are planned to go into effect on Monday, December 22.
This is by definition a “Price War” that could manipulate the oil market…
The impossible is possible. Never say never. Wall Street bankers are staring agog at headlines coming from Europe where, in Iceland, the former chief executive of one of the largest banks in the country which was involved in crashing the economy in 2008 has been sentenced to jail time.
The largest U.S. bank by assets said the investigations focus on its spot foreign-exchange trading activities and controls related to those activities.
Three months ago, the CEO of Total, Christophe de Margerie, dared utter the phrase heard around the petrodollar world, “There is no reason to pay for oil in dollars,” as we noted here. Today, RT reports the dreadful news that he was killed in a business jet crash at Vnukovo Airport in Moscow after the aircraft hit a snow-plough on take-off.
“Plunge Protection Team” was the nickname given to the Working Group by The Washington Post in 1997. The team was initially perceived by some to have been created solely to manipulate the markets.
None existent economic recovery:
Velocity of Money at historic lows
Labor force participation rate at historic lows
Durable Goods Orders plunged to record low
The PBOC will funnel 100 billion yuan each to the five biggest banks for a three-month period, said the official, who asked not to be identified because the measure hasn’t been formally announced.