News 

Newly uncovered tax documents show Trump kept ‘2 sets of books’ and may have committed financial fraud

“Newly uncovered tax documents from President Donald Trump contain several discrepancies that real-estate experts said could point to financial fraud, ProPublica reported on Wednesday” writes Sonam Sheth for businessinsider.com. “The president’s and vice president’s tax returns are kept in a top-secret vault,” Cramer said.Kevin Riordan, a financing expert and real-estate professor at Montclair State University who reviewed the newly revealed tax records, told ProPublica that “it really feels like there’s two sets of books,” one for lenders and one for tax investigators.But the president may soon be forced to give…

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News 

HSBC’s reported job cuts signal that banks are struggling to find their postcrisis footing

“Before the financial crisis, banks could provide a quick fix to the bottom line by increasing lucrative areas such as proprietary trading, a unit where banks put their own capital at risk” writes Lina Saigol for marketwatch.com. Moreover, an onslaught of fines and litigation expenses related to aftermath of the 2008-09 financial crisis have also dragged down revenue and impinged profits.JPM, -0.04% were three of five banks fined nearly $900 billion (€1 billion) by the European Union’s competition watchdog for allegedly rigging the multitrillion–dollar currency market.The brutal reality is that…

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Markets News Regulators Stocks 

Bond King Gundlach says this contradiction in stock and bond markets is ‘danger signal’

“Those include readings of consumer sentiment and a disparity between gauges of volatility in the bond and the stock markets” writes Mark Decambre for marketwatch.com. Bond-market guru Jeff Gundlach says he’s watching a few areas of the market to gauge whether the current bullish dynamic is starting to unravel in earnest.On Wednesday afternoon, during a CNBC interview, he said that he’s sees some early cracks that are worth investors’ attention.Read: Gundlach sees 75% recession chance, has a warning about the corporate bond market The DoubeLine founder also said investors should…

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News Regulators 

ECB needed to give strong signal to combat low inflation: ECB’s Wunsch

“A majority in the Governing Council chose to give a strong signal instead of the risk of running behind events” writes Midwest Communications Inc for 95kqds.com. BRUSSELS (Reuters) – The European Central Bank’s interest rate cut and fresh bond purchases were needed to combat low inflation, Governing Council member Pierre Wunsch was quoted as saying on Monday in a newspaper interview.Then, the period of low interest rates could simply have lasted longer,” Wunsch, who heads the Belgian central bank, told De Standaard.With growth and inflation both slowing, the ECB cut…

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Markets News 

‘The bond market is screaming at us’: A Wall Street expert says investors are focused on the wrong recession signal — and warns a meltdown may come sooner than expected

“And it just contracted for the first time in 10 years, echoing the nerves we’re seeing in the bond market” writes Christopher Competiello for businessinsider.com. “The bond market is screaming at us,” Pal said during a recent appearance on The Meb Faber show, an investing podcast.But according to Raoul Pal— former hedge fund manager and founder of Real Vision— that’s exactly what’s happening in the bond market.Yields have fallen off a cliff since the beginning of the year as investors scared of a slowdown have poured into bonds.And yet equities…

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Crypto Markets News 

Bitcoin Price Indicator May Signal Next Leg Higher

“Note that the bull market had stalled around $450 following a quick rise from $320 to $500 in November” reports coindesk.com. The bear market, which began at the end of 2013, ran out of steam at lows near $150 in January 2015.Further, the new bull market began two months following the confirmation of the bearish crossover.For instance, the bitcoin bear market ended near $3,100 in mid-December 2018 and prices built a base below $4,000 in the following three months before breaking into a bull market on April 2. Source: coindesk.com

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