Goldman Sachs, the second-largest bank in America and frequent target of scorn at Wall Street Insights & Indictments, has launched a new venture.
Starting right now, for one measly dollar, you can partner with Goldman Sachs to make money.
It’s a safe bet, at least up to $250,000, so go ahead and get your tentacles on.
All you have to do is deposit a dollar in Goldman Sachs Bank USA – not by visiting a branch, because there aren’t any, but by going to GSBank.com and opening an account.
Goldman will pay you interest on your savings account well above the national average offered by other banks.
And it will use your money to make money for itself.
It’s a typical Goldman partnership with their customers – one for you, ten for them.
How will Goldman make a ton of money off you? They’re starting another bank, an online lender they’re calling Marcus, and they’re going to use the savings you park in GSBank to fund loans made by Marcus.
At 10:00 am Eastern this morning, Federal Reserve chair Janet Yellen gives her greatly anticipated opening speech at the Federal Reserve Bank of Kansas City’s annual economic symposium held in beautiful Jackson Hole, Wyoming.
Today, I’m going to tell you what she says before she says it. If you’re reading this after the speech, you can gauge whether or not I was right.
This exercise, “guessing” what Yellen is going to say, before she speaks, is important.
It’s important because if I’m right, you’ll know I wasn’t guessing and you’ll know exactly how the actors in Jackson Hole are burying us alive.
And you’ll know what’s going to happen with financial markets.
Perhaps the most valuable piece of advice Shah had for viewers of a recent Varney & Co. episode was for investors to watch out for a repeat of last year’s 1000-point “flash crash.” Fundamentally speaking, there’s even less liquidity this year than there was last year. If the markets start to slip, it could get very ugly very quickly.
In a Washington Post interview earlier this month presidential candidate Donald Trump said “If the election is rigged, I would not be surprised, the voter ID situation has turned out to be a very unfair development. We may have people vote 10 times.”
Whether or not you like The Donald, as New Yorkers call him, you can’t fault him for saying the election could be rigged – because he’s right.
In fact, it’s even worse than he thinks.
But there’s a fix on the way – and it’s one of the hugely disruptive technologies we’ve been following over the last few months.
Here’s how easy it is to rig an election, how to fix voting to eliminate fraud, and how you can make money getting in on the fix…
On Making Money with Charles Payne, Shah addressed the question on everyone’s mind right now: will the Federal Reserve raise interest rates in September?
If so, what effect with that have on global markets?
It could have a huge impact on U.S. equities, the bond market, and even the presidential election.
That the markets are making new highs right now indicates that the Fed has the leeway to raise rates, but as Shah correctly points out, the central bank keeps moving the goalposts when it comes to rate increases.
If you have any intention of ever retiring, I’ve got some bad and good news for you.
The Federal Reserve’s zero interest rate policies were designed to benefit big banks with the hope that their flushed-up profits would trickle-down into the economy and spur growth. That hasn’t happened enough to benefit many Americans.
On Wednesday, I told you just how much money Americans have missed out on in the Fed’s near-zero interest rate environment – an astounding $470 billion between 2008 and 2013.
By the end of 2016, that number will balloon to $752 billion.
The Federal Reserve's low interest rates - the same ones that caused the credit crisis and Great Recession - are absolutely killing savers, retirees, and the economy. A landmark report from insurance giant Swiss Re shows how the Fed's misguided...
I’ve been trading professionally since 1982 and I’ve seen some crazy you-know-what.
But, I’ve never seen anything like this.
Markets today are “twisted.”
They’re so twisted that while the major stock market indexes are making record highs, most individual investors have been on the sidelines, most institutional investors are raising cash, and everybody’s wondering whether to get in or get all the way out.
Right now, as twisted as things are, in fact, because they are so twisted, something’s got to give one way or another, there’s a perfect trade set-up that’s just right for everybody.
It’s so simple you’re going to want to jump right on it.