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Tag Archives: financial crisis
First the Miners, now the Banks, then Property? Going to be a Hard Landing for… Australia
First the Miners, now the Banks, then Property? Going to be a Hard Landing for… Australia A housing market set for the mother of all corrections. “I think it’s important that people don’t hyperventilate about these type of things.” With these words, Australian Prime Minister Tony Abbott tried to soothe the world’s rattled nerves today about the ongoing […]
Deutsche Bank Sums It Up “The Fragility Of This Artificially Manipulated Financial System Was Finally Exposed”
Deutsche Bank Sums It Up “The Fragility Of This Artificially Manipulated Financial System Was Finally Exposed” Today’s dose of vile tinfoil hattery magick comes straight from the bank with the cool $55 trillion or so in derivatives, Deutsche Bank: The fragility of this artificially manipulated financial system was exposed over the last couple of days of […]
“Don’t Owe. Won’t Pay.” Everything You’ve Been Told About Debt Is Wrong
“Don’t Owe. Won’t Pay.” Everything You’ve Been Told About Debt Is Wrong With the nation’s household debt burden at $11.85 trillion, even the most modest challenges to its legitimacy have revolutionary implications. The legitimacy of a given social order rests on the legitimacy of its debts. Even in ancient times this was so. In traditional […]
It Starts: Broad Retaliation Against China in Currency War
It Starts: Broad Retaliation Against China in Currency War The biggest global “tail risk” is China’s deteriorating economy and an emerging market debt crisis, according to BofA Merrill Lynch’s monthly poll of fund managers. And 48% of them were expecting the Fed to raise rates, despite languid growth and low inflation expectations. Hot money is already fleeing emerging […]
Gretchen Morgenson: Wall Street Really Does Enjoy a Different Set of Rules Than the Rest of Us
Gretchen Morgenson: Wall Street Really Does Enjoy a Different Set of Rules Than the Rest of Us What type of system might work better for our interests? Gretchen Morgenson has earned a Pulitzer-winning career from exposing abuse and conflicts of interest on Wall Street. In this interview, she confirms that there is indeed a second […]
U.S. Containerized Exports Fall Off the Chart
U.S. Containerized Exports Fall Off the Chart “Many of our major trading partners are experiencing stalled or slowing economies, and the strength of the US Dollar versus other currencies is making US goods more expensive in the export market.” That’s how the Cass/INTTRA Ocean Freight Index report explained the phenomenon. What happened is this: The […]
A Death Cross, Wild Market Swings And A Currency War – And We Haven’t Even Gotten To September Yet
A Death Cross, Wild Market Swings And A Currency War – And We Haven’t Even Gotten To September Yet Things continue to line up in textbook fashion for a major financial crisis by the end of 2015. This week, Wall Street has been buzzing about the first “death cross” that we have seen for the Dow […]
Exposing the false prophets of social transformation
Exposing the false prophets of social transformation A growing group of elite storytellers present radical solutions to global problems, but their ideas actually inhibit real change and strengthen the status quo. John Mackey, CEO of Whole Foods Market. Credit: http://www.sustainablebrands.com. All rights reserved. The collapse of Lehman Brothers in 2008 was a shock for many people. For a […]
You’re Gonna Need a Bigger Boat
You’re Gonna Need a Bigger Boat Size matters. Just ask Roy Scheider. As incredulous as it may seem, I only recently sat myself down to watch that American scare-you-out-of-the-water staple Jaws for the first time. As a baby born in 1970, the movie at its debut in 1975 was hugely inappropriate for my always precocious, […]
11 Red Flag Events That Just Happened As We Enter The Pivotal Month Of August 2015
11 Red Flag Events That Just Happened As We Enter The Pivotal Month Of August 2015 Are you ready for what is coming in August? All over America, economic, political and social tensions are building, and the next 30 days could turn out to be pivotal. In July, we saw things start to turn. As […]
Unifor Report Slams Harper’s Economic Performance
Unifor Report Slams Harper’s Economic Performance 2008 downturn no excuse for harmful policy, says union economist. A new report from Canada’s largest private sector union says Stephen Harper and his Conservatives are running the most poorly performing economy the country has seen since the end of the Second World War. Unifor economists Jim Stanford and […]
Liar Loans Pop up in Canada’s Magnificent Housing Bubble
Liar Loans Pop up in Canada’s Magnificent Housing Bubble For a long time, the conservative mortgage lending standards in Canada, including a slew of new ones since 2008, have been touted as one of the reasons why Canada’s magnificent housing bubble, when it implodes, will not take down the financial system, unlike the US housing […]
The South American Financial Crisis Of 2015
The South American Financial Crisis Of 2015 Most nations in South America are either already experiencing an economic recession or are right on the verge of one. In general, South American economies are very heavily dependent on exports, and right now they are being absolutely shredded by the twin blades of a commodity price collapse and a […]
The Stock Market Will Start To Fall In July? The Dow Plummeted More Than 500 Points Last Week
The Stock Market Will Start To Fall In July? The Dow Plummeted More Than 500 Points Last Week Was last week a preview of things to come? There are quite a few people out there that believe that the stock market would begin to decline in July, and that appears to be precisely what is […]
As Economy Heads to Another Crash, BIS Acknowledges: We’re Failing
As Economy Heads to Another Crash, BIS Acknowledges: We’re Failing http://deutsche-wirtschafts-nachrichten.de/2015/07/22/maechtigste-bank-der-welt-legt-mandat-zur-rettung-der-weltwirtschaft-zurueck/ World’s Most Powerful Bank Reverses Course, to Avoid a Global Depression German Economic News, Translation (and closing Note) by Eric Zuesse | Published: 22:07:15 20:10 clock The Bank for International Settlements (BIS) acknowledges in its annual report that the policy of cheap money has failed. All the trillions […]
