Posts Categorized: Jim’s Mailbox

Jim’s Mailbox

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Dear CIGAs, The Office of the Comptroller of the Currency ("OCC") issued a Press Release today entitled "Underwriting Standards Continue to Ease, OCC Survey Shows," that should be of significant interest to those of you who share Jim’s concerns about bail-in and the need to GOTS. The OCC is the federal regulator for nationally-chartered banks… Read more »

Jim’s Mailbox

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Jim, Dr. Roberts reports 47 to 48% of all 25 year olds have moved back home and are living with and off their parents. That is a stunning admission of a failed economy. CIGA Larry http://www.federalreserve.gov/pubs/bulletin/2014/pdf/scf14.pdf

Jim’s Mailbox

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Jim, The secret to increasing consumer spending and enhancing GDP (what we’ve been trying to do for 6 years)… The Russians have found it! A currency with no faith and trust behind it. But we’re working on it. Consider it a "Pot of Gold at the End of the Rainbow." (unfortunately like that pot, once… Read more »

Jim’s Mailbox

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Jim, With the Euro down only slightly and the Yen showing decent strength today, the US dollar index is not showing any movement. Therefore, it is NOT Dollar weakness that is contributing to the $24 per ounce gold decline. I can only suppose that it is the price of oil dropping to a $55 handle… Read more »

Jim’s Mailbox

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Jim, It’s all up to the Senate next week. Allow derivative gambling again with depositor funds while at the same time cutting pensions. Think about that a minute. The result of this financial mess that put pensions in trouble was caused by excessive leverage in derivatives. Now Main Street is really going to feel it… Read more »

Jim’s Mailbox

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Jim, Just noticed this morning’s release of Export Prices. Down 1.2% after being down 0.8% in the prior month. This trend is unhealthy for industry and the world. Companies, it appears, are being forced to lower their prices overseas in order to remain competitive, while at the same time, exporting inflation throughout the world. Chalk… Read more »

Jim’s Mailbox

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Dear Jim, "The death is not being treated as suspicious at this time." Yes, people just keep dropping off buildings. Nothing to see… move along! This marks the 38th international banker who has "departed" this year. CIGA Madisonstyle Scot Young: Tycoon involved in £20 million divorce battle falls 60ft to his death The financier impaled… Read more »

Jim’s Mailbox

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Jim, Sadly, I’ll bet they win. CIGA KB Wall Street Demands Derivatives Deregulation In Government Shutdown Bill Posted: 12/04/2014 8:47 pm EST  Updated: 12/04/2014 8:59 pm EST WASHINGTON — Wall Street lobbyists are trying to secure taxpayer backing for many derivatives trades as part of budget talks to avert a government shutdown. According to multiple… Read more »