Home » Posts tagged 'banks' (Page 19)
Tag Archives: banks
Who Exactly Benefits from Italy’s Ballooning Bank Bailout?
Who Exactly Benefits from Italy’s Ballooning Bank Bailout? Italy’s third largest bank, Monte dei Paschi di Siena, is not insolvent, according to the ECB; it just has “serious liquidity issues.” It’s a line that has already been heard a thousand times, in countless tongues, since some of the world’s largest banks became the world’s biggest public […]
China Moves Forward with Its De-Dollarization Strategy
China Moves Forward with Its De-Dollarization Strategy The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric. Formerly marginal currencies such as the Chinese yuan now stand to become serious competitors to U.S. dollar dominance. Could gold also begin to emerge as a leading currency in world […]
Should the Fed Raise Interest Rates?
Should the Fed Raise Interest Rates? For some time now the Fed has been hinting that it will moderate its interventions–monetizing government debt by printing money to buy government bonds and now quantitative easing by printing money to buy corporate bonds–in order to drive down the interest rate to unprecedented low levels. The Keynesian theory […]
Deutsche Bank Is Going Under: The Real Reason Germans Were Told To Prepare For A National Crisis?
Deutsche Bank Is Going Under: The Real Reason Germans Were Told To Prepare For A National Crisis? There is a very real possibility that Deutsche Bank is going down. If the most prominent bank in Germany fails, the effect on Europe will be profound, and I don’t think the United States will escape the effects. The […]
A Scam Too Far
A Scam Too Far One of the more politically frustrating aspects of the last decade in the West is the unwillingness of the powers-that-be to address the radical dysfunction that underlies Western political economy. As fact, microcosm and metaphor, the ‘scandal’ of Wells Fargo bank creating millions of fake accounts, charging its customers for the […]
How Much Longer Will Investors Trust the Central Banks?
How Much Longer Will Investors Trust the Central Banks? There is no simple, painless solution. The world has to reduce debt, shrink the financial part of the economy, and change the destructive incentive structures in finance. Individuals in developed countries have to save more and spend less. Companies have to go back to real engineering. […]
88% Probability We Just Entered Recession & The Broken Monetary Mechanism That Got Us Here
88% Probability We Just Entered Recession & The Broken Monetary Mechanism That Got Us Here My last piece “The Matrix Exposed” generated a bit of a stir. And as per usual the PhD’s had some fairly colourful things to say to me regarding the notion that more money and more credit may actually stall an economy. But look I’m not […]
Former Treasury Secretary says banks may be riskier now than in the 2008 crisis
Former Treasury Secretary says banks may be riskier now than in the 2008 crisis “Sir. SIR! This your bag,” the TSA agent barked at me last week, more as a statement than a question. “It is.” “Are you carrying any liquids?” I knew immediately; I had forgotten about the bottle of water that I had […]
Major Problems Announced At One Of The Largest Too Big To Fail Banks In The United States
Major Problems Announced At One Of The Largest Too Big To Fail Banks In The United States Do you remember when our politicians promised to do something about the “too big to fail” banks? Well, they didn’t, and now the chickens are coming home to roost. On Thursday, it was announced that one of those […]
Sorry Losers!
Sorry Losers! By its actions, the Federal Reserve has selected a precious few winners and many, many losers. Sadly, you are highly likely to be one of the losers. Sorry! I’m one, too, if that helps soften the blow. But we have a lot of company. Other losers include: Savers Anyone with money in a […]
Major Problems Announced At One Of The Largest Too Big To Fail Banks In The United States
Major Problems Announced At One Of The Largest Too Big To Fail Banks In The United States Do you remember when our politicians promised to do something about the “too big to fail” banks? Well, they didn’t, and now the chickens are coming home to roost. On Thursday, it was announced that one of those […]
Beyond the Zombie Economy
Beyond the Zombie Economy The present day metaphor is the ‘Zombie’ economy depicting the economic system as an unthinking monster in relentless pursuit of a single objective. Part of the Anti-Austerity and Media Activism series with Goldsmiths. Flickr/S J Pinkney. Some rights reserved. Economic metaphors are important to illustrate the distinct features of specific economic systems that exist […]
Investor Fears Spike as Italy (and the EU) Inch Closer to Doomsday Scenario
Investor Fears Spike as Italy (and the EU) Inch Closer to Doomsday Scenario Risk of contagion in Italy and far beyond would be huge. Just how low can Italian bank shares go? That’s the question plaguing the minds of European investors, policy makers, bankers and central bankers. Today the shares of the country’s third largest […]
“We Won’t Be Lectured” – Italy’s Renzi To Defy Brussels Over Banking Bailout
“We Won’t Be Lectured” – Italy’s Renzi To Defy Brussels Over Banking Bailout With all eyes distratcted by the post-Brexit euphoria, the last week has seen a far more existential crisis accelerating in Europe. Italy’s banking system is in tatters (from a EUR40bn bailout 6 days ago, to EUR150 emergency support 3 days ago, to a bank bailout […]
Italy Just Bailed Out Another Failed Bank, May Use Pension Funds For Future Bank Rescues
Italy Just Bailed Out Another Failed Bank, May Use Pension Funds For Future Bank Rescues Despite – or perhaps due to – Italy’s failed attempt to slide a state-funded €40 billion recapitalization attempt past Angela Merkel while blaming it on Brexit, and coupled with a bailout proposal to provide €150 billion in liquidity to insolvent […]
