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Tag Archives: financial crisis
Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again
Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again The Dow closed above 18,000 on Monday for the first time since July. Isn’t that great news? I truly wish that it was. If the Dow actually reflected economic reality, I could stop writing about “economic collapse” and start blogging about cats or […]
Quantitative to Qualitative–Is Unelected Nationalisation Next?
QUANTITATIVE TO QUALITATIVE – IS UNELECTED NATIONALISATION NEXT? Last year, in a paper entitled The Stock Market Crash Really Did Cause the Great Recession – Roger Farmer of UCLA argued that the collapse in the stock market was the cause of the Great Recession:- In November of 2008 the Federal Reserve more than doubled the monetary base […]
Let Me Tell You About the Very Rich
Let Me Tell You About the Very Rich The Panama Papers highlight, with painstaking clarity, that austerity is not a shared sacrifice. It’s not like we didn’t know what was going on. But the “Panama Papers,” the largest-ever document leak and one that implicates political leaders and business executives around the world, confirms it — […]
Western Mistakes, Remade in China
Western Mistakes, Remade in China SHANGHAI – The Chinese economy faces an enormously challenging transition. To achieve its goal of joining the world’s high-income countries, the government has rightly urged a “decisive role for the market.” But, while market competition works well in many sectors, banking is different. Indeed, over the last seven years, China’s […]
Watch Japan – For All Is Not Well In The Land Of The Rising Sun
Watch Japan – For All Is Not Well In The Land Of The Rising Sun One of the epicenters of the global financial crisis that started during the second half of last year is Japan, and it looks like the markets in the land of the rising sun are entering yet another period of great […]
The Path to the Final Crisis
The Path to the Final Crisis Reader Questions on Negative Interest Rates Our reader L from Mumbai has mailed us a number of questions about the negative interest rate regime and its possible consequences. Since these questions are probably of general interest, we have decided to reply to them in this post. The NIRP club […]
Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent
Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future. Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki actually originally projected that a […]
Why Investing In Silver Is Vastly Superior To Investing In Gold Right Now
Why Investing In Silver Is Vastly Superior To Investing In Gold Right Now When panic and fear dominate financial markets, gold and silver both tend to rapidly rise in price. We witnessed this during the last financial crisis, and it is starting to happen again. Because I am the publisher of a website called The Economic […]
Greenspan Explains The Fed’s Miserable Track Record: “We Didn’t Forecast Better Because We Can’t”
Greenspan Explains The Fed’s Miserable Track Record: “We Didn’t Forecast Better Because We Can’t” On March 11, the National Archives announced its first opening of Financial Crisis Inquiry Commission (FCIC) records, along with a detailed 1,400-page online finding aid (yes, just the index is 1,400 pages). The records which are available via DropBox, seek to identify the […]
The Collapse Of Italy’s Banks Threatens To Plunge The European Financial System Into Chaos
The Collapse Of Italy’s Banks Threatens To Plunge The European Financial System Into Chaos The Italian banking system is a “leaning tower” that truly could completely collapse at literally any moment. And as Italy’s banks begin to go down like dominoes, it is going to set off financial panic all over Europe unlike anything we […]
Will Italian banks spark another financial crisis?
Will Italian banks spark another financial crisis? In the 14th century, the Medici family of Florence began its rise to prominence, investing profits from a thriving textile trade to fund what would become the largest banking institution in Europe. The success of the legendary banking family helped to usher in the Italian Renaissance and thus change […]
Plunging Manufacturing Numbers Mean That It Is Time To Hit The Panic Button For The Global Economy
Plunging Manufacturing Numbers Mean That It Is Time To Hit The Panic Button For The Global Economy We haven’t seen numbers like these since the last global recession. I recently wrote about how global trade is imploding all over the planet, and the same thing is true when it comes to manufacturing. We just learned that […]
The Subprime Auto Loan Meltdown Is Here
The Subprime Auto Loan Meltdown Is Here Uh oh – here we go again. Do you remember the subprime mortgage meltdown during the last financial crisis? Well, now a similar thing is happening with auto loans. The auto industry has been doing better than many other areas of the economy in recent years, but this […]
It Starts: Subprime Auto Loans Implode (in Your Bond Fund)
It Starts: Subprime Auto Loans Implode (in Your Bond Fund) “Fears of an impending liquidity crunch in that asset class.” “What is happening in this space today reminds me of what happened in mortgage-backed securities in the run-up to the crisis,” U.S. Comptroller of the Currency Thomas Curry warned in October about the auto loan bubble. And […]
Deere In Headlights After Guidance Cut: Sees 10% Sales Drop Due To “Downturn In Global Farm Economy”
Deere In Headlights After Guidance Cut: Sees 10% Sales Drop Due To “Downturn In Global Farm Economy” It is not just Caterpillar that continues to post horrendous numbers, and has now recorded 38 consecutive months of declining Y/Y sales, double the length of the contraction of the great financial crisis. Moments ago heavy farm equipment […]
