Volcker Rule "tweaked" - 591
It sounds like in January banks will really be able to capitalize on a stock market crash by using their customers money to help cause a crash. The market seems to already be struggling now though.
FDIC approves tweak of Volcker Rule, easing trading regulations for Wall Street banks
Who knows though they could try and keep things propped up but things look shaky for the global debt based economy.
Tuesday 8-20
#king
1,110.343 SP
1,882 VP
Everyone seems to be scared. That's the only reason I have not yet pulled everything.
I like gold and undervalued real estate but it's not easy buying and managing undervalued real estate. I have trouble managing my own house. Managing a rental property even with a property management company seems risky to me.
They did a report on this on ABC news last night, at the end they said it may be possible they are trying to scare people before the election. Make sense since they have nothing else.
So ABC news said Trump was trying to scare people? I found nothing on the search.
https://abcnews.go.com/search?searchtext=volcker%20
No at the end Trump was saying that democrats are trying to will the economy to be bad for the purpose of trying to win an election or something similar along those lines. Then they went on to say that some economist are trying to say it's his trade war destabilizing the markets then they went to a clip of Elizabeth Warren saying the same thing and saying he just doesn't get it he's the problem (or something similar to that effect). It was Mondays ABC evening news broadcast.
What they don't all understand is that Americans don't care, they are on the losing end anyway of the trade deals, they've lost tons of jobs, wages, benefits etc., all in the name of globalization and this globalization shtick is about up among many Americans and a lot of the Europeans.