Cyberthief Malware Targets Banking Credentials on Smartphones

Cyberthief Malware Targets Banking Credentials on Smartphones

It used to be you were concerned with losing your check-book, then it was either losing your credit card or having someone lift the account number, expiration date and 3-digit code. Through the wonders of technology and the adoption of Cashless Consumption,  thieves are now targeting smartphones. This dark side of our Cashless Consumption investing […]

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Italian Bank Stress Test Results

On July 29th I spoke with David Asman on Fox Business concerning the results of the Italian Bank stress tests along with Adam Shapiro, Charles Payne and Steve Forbes. The recent vote in the UK to leave the European Union put a good deal of pressure on the banks in the remaining European Union, with the banks in […]

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The Connected Society and growing Cashless Consumption comfort are enabling BofA to cut jobs

The Connected Society and growing Cashless Consumption comfort are enabling BofA to cut jobs

Banks are increasingly adapting their business to the growing Connected Society. As comfort levels among consumers rise with Cashless Consumption, banks are able drive productivity higher and costs lower. Fewer people mean fewer salaries and lower benefit costs at a time when healthcare costs continue to climb no thanks to the Affordable Care Act. Without […]

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Banks & the Fed – Bail 'em Out then Beat 'em Up

While shoppers were watching their pennies this holiday season, I was grinching over the relationship between the Fed and the big banks as reminiscent of the abusive relationship between Ike and Tina Turner – bail them out then beat them up with an onslaught of massive fines.  According to a global banking study by the Boston Consulting […]

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How and Why of Greek Debt

How and Why of Greek Debt

When a nation has more debt than it can manage, it has two options (1) inflate its way out by printing more money or (2) restructure the debt. Typically the most politically feasible solution is to inflate.  Generally wages tend to keep up to some degree with inflation, so the employed feel as if they […]

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We Aren't Out of the Woods Yet

We Aren't Out of the Woods Yet

The growth of an economy is dependent primarily on just two factors, (1) the quantity and quality of the labor pool and (2) the amount of available investment capital. With the current unemployment rate, clearly the quantity of the labor pool is not a problem. The quality of that pool is a discussion for another […]

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Inflation vs. Deleveraging

Inflation vs. Deleveraging

The majority of the developed world is currently dealing with one whopper of a liquidity hangover.  Across the world households, businesses, and government got themselves hooked on the drug of cheap and easy debt.  When the markets inevitably cut the supply the liquidity drug, the Fed quickly stepped in to keep at least the U.S. […]

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