Apple Flash Crash: Trades halted after odd trade causes 9 percent drop. For a second Apple lost $50 billion in market cap.
Apple stock took a very big drop today, actually dropping by 9 percent while circuit breakers were activated to halt trading. The hit took place early in the morning. It must have come as a shock to many traders especially given the near unstoppable rise in the value of Apple’s stock. The sale and plunge [...]
The shrinking number of U.S. banks but growing assets – From 12,000+ in 1990 to roughly 7,000 today. The rise of the too big to fail banking system. Are bank hours conducive to the working and middle class?
Some people have a hard time believing that prior to the Great Depression, there was a point in U.S. history where we had over 20,000 various and diverse banks in the country. These banks would boom and bust and with no FDIC insurance, placing your money in a bank was a risky proposition. The Federal [...]
Controlling the wealth of America – top 1 percent control 83 percent of U.S. stocks. As a share of personal income mortgage debt ate up 19 percent in 1949. In 2003 it went up to 85 percent. 80 percent of Americans 65 years and older depend on Social Security for half of their income.
Mayer Rothschild was quoted as saying “give me the power of the money and it will not matter any more who is commanding.” Today Wall Street is in full command of our government. The impact of massive lobbying has guaranteed that many of our politicians are bought off and are serving as serfs to their [...]