I had stated more information would come out about the Monte Dei Paschi bail-out solution over the next 2-3 months, but, to my surprise, information has slowly trickled out about the details of the plans for the bank. In my last article, I didn’t agree with the Italian politicians’ frustration with
In this article, I will be discussing the latest in the Monte Dei Paschi saga and the recent developments with America’s dealings with Russia. These two stories don’t mix, but neither have enough content to fill an article. With Monte Dei Paschi, there is continued political squabbling over what wil
While the optimism from economists and the citizens in general is high, the economic headwinds are higher. Trump economic message is inconsistent, so it remains to be seen what he gets done. He has a mix of populism and capitalism. He spouts anti-free trade rhetoric and discusses cutting regulations
Facebook is starting to get into trouble as Snapchat consistently leads its main app, Instagram, and Messenger in the App Store rankings. I’ve looked at the app reviews for Facebook and Messenger. Users are complaining the Messenger App is trying too hard to be like Snapchat at the expense of its co
President-Elect Trump made a peculiar tweet which marks the excessive optimism in the market. In third person, he thanked himself for the optimism which led to the increase in consumer confidence. It increased 4 points to 113.7 which is the highest rating in over 13 years. It’s amusing to see the Do
I mentioned in a previous article Bitcoin could reach $1,000 in early 2017. This wasn’t a prediction. It was a comment on the momentum of the digital currency. It looks ready to challenge its all-time high. Since that article, it has reached over $950. If you are looking to buy some for long term we
The stories about Monte Dei Paschi didn’t halt over the Christmas break. This is part of the political calculations because the Italians aren’t paying as close to the news as they normally would which means there will be a delayed response. It’s not that Italians are in love with their current gover
If you thought the Monte Dei Paschi story was over, you underestimated the situation. It is only getting started. The results of how this plays out will have wide ranging ramifications for other troubled banks in the future. In the European stress test, the bank came in last place out of 51, so it w
The price of Bitcoin has rallied to above $900 as it closes in on the record highs it made in 2013. For those who compared Bitcoin to the tulip bubble, this is tough to understand because it should be at zero by now if it was a fad. Fads don’t recover their losses and they
The Dow has fallen two days in a row for the first time since the election as negative data was able to temporarily stop the Dow from reaching the much heralded 20,000 level. It’s quite amusing to see the media and traders get disappointed from such a meaningless number not being reached. I think th
