Posts by Jeff Berwick

[cresta-social-share] Coinbase, a popular American bitcoin exchange, is under fire by the IRS – one of the most ruthless government agencies –  for being suspected of “failing to comply” with tax laws. Because of the “war on cash,” privacy concerns and price inflation, people are flocking into cryptocurrencies such a bitcoin. But such alternatives to…

[cresta-social-share] The Jubilee Year has officially ended… or has it? I received this about a month ago from a Jewish scholar: The Yuval (Jubilee) ends on Yom ha Kippur (Day of Atonement), which is on October 11th at sundown, not on October 2nd, which is Rosh Hashanah. The Shemitah always ends on Yom ha Teruah…

[cresta-social-share] On Friday, Deutsche Bank’s stock (DB:NYSE) rose 14% on rumors that it had negotiated a settlement with the US Department of Justice’s demand for $15 billion (which is the entire market capitalization of Deutsche Bank) down to $5.6 billion (which would still decimate Deutsche Bank). Well, it turns out that rumor was completely unsubstantiated.…

[cresta-social-share] October 2nd at midnight marks the end of the Jubilee Year. The once-every-49 year Jubilee has been an incredibly turbulent year.  It began in January of this year when worldwide stock markets had their worst beginning to the year in history. Then, on June 24th, the day after Brexit, recorded the worst one day…

Nearly a year ago to the day, on September 28th, we wrote “Will Deutsche Bank Be This Cycle’s Lehman Brothers?” In it we asked, “In 2008, the financial crisis was set-off by the collapse of Lehman Brothers.  Could this year’s crisis be caused by a collapse of Deutsche Bank?” The day after the end day…