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Tag Archives: financial crisis
The Next Great European Financial Crisis Has Begun
The Next Great European Financial Crisis Has Begun The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow. Neither the Greeks nor the Germans are willing to give in, and that means that there is very little chance that a debt deal is going to happen […]
Manufacturing in Canada Sags, Triggers Chilling References to Financial Crisis
Manufacturing in Canada Sags, Triggers Chilling References to Financial Crisis It’s also happening in the US, but it’s much worse in Canada. In the US, May industrial production dropped “unexpectedly,” as it was roundly called on Monday, by 0.2%, according to the Federal Reserve. The index value has now dropped from month to month since December, […]
The One Bank, Revisited
The One Bank, Revisited Approximately two years ago; a commentary was published entitled “The One Bank”. The empirical foundation for the article (and the paradigm) was an extensive computer model, produced by a trio of academics at a university in Switzerland, and originally reviewed in an article from Forbes. The gist of the computer modeling was that a single “super-entity”, by […]
Gold Verses Fractional Reserves Part 2
Gold Verses Fractional Reserves Part 2 The Harmful Consequences We have now to examine the harm that the system does whether or not the pressure to reduce the reserve requirements is continuously successful. Let us begin with a situation in, say, Ruritania, which has a fractional-reserve gold standard and a central bank, but in which […]
Global Trade Dives Most since the Financial Crisis
Global Trade Dives Most since the Financial Crisis How great was the global economy in the first quarter? We know the US economy was crummy. The revised GDP estimate will likely sink into red mire. Hence the heated proposals these days, including at the Fed, to apply “a second round of seasonal adjustment” that would “correct” […]
Economic inequality: 10 reasons why we can’t beat it
Economic inequality: 10 reasons why we can’t beat it Even the OECD says inequality is bad. But making it go away is much tougher It almost feels like an old story. Ever since the economy crashed in 2008 a growing chorus of voices has warned that inequality was wiping out the middle class and damaging society. This week […]
Seven Things You Need to Know About Inequality
Seven Things You Need to Know About Inequality The gap between rich and poor is growing, but there are solutions, says The Tyee’s author of ‘A Better Place on Earth. In recent weeks I’ve had the chance to talk at launches in Victoria and Vancouver about economic inequality and my bestselling book A Better Place on […]
The Debt To GDP Ratio For The Entire World: 286 Percent
The Debt To GDP Ratio For The Entire World: 286 Percent Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet? And since close to 3 billion of those people survive on less than 2 dollars a day, your share of that debt is […]
A Tale Of Two Graphs——Why Bubble Finance Will Fail
A Tale Of Two Graphs——Why Bubble Finance Will Fail On Friday the BLS reported, among other things, that full-time employment in April had dropped by 252,000 from the prior month and that the weekly earnings of production workers had risen by the grand sum of 67 cents (0.1%) before inflation and taxes. But why should still another confirmation that […]
There Is No Solution To The Crisis
There Is No Solution To The Crisis A long, long time ago… it was the 16 September 1992, Black Wednesday, when the British Government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism(ERM) after it was unable to keep the pound above its agreed lower limit in the ERM. A certain […]
For Heaven’s Sake: Hedge!
For Heaven’s Sake: Hedge! If you’re not positioned defensively by now, you’re nuts Q: How do you make a small fortune on Wall Street? A: Start with a large fortune. ~ old investing adage Last fall, I wrote an article titled Defying Gravity that warned of the absurd price levels that stocks and bonds had risen to. […]
The Financial Markets Now Control Everything
The Financial Markets Now Control Everything The entire economic and political structure is now dependent in one way or another on the continued expansion of financial markets. The financial markets don’t just dominate the economy–they now control everything. In 1999, the BBC broadcast a 4-part documentary by Adam Curtis, The Mayfair Set ( Episode 1: “Who Pays Wins” 58 minutes), […]
11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis
11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis Well, the Nasdaq finally did it. It has climbed all the way back to where it was at the peak of the dotcom bubble. Back in March 2000, the Nasdaq set an all-time record high of 5,048.62. On Thursday, after all […]
Guess What Happened The Last Time Bond Yields Crashed Like This?…
Guess What Happened The Last Time Bond Yields Crashed Like This?… If a major financial crisis was approaching, we would expect to see the “smart money” getting out of stocks and pouring into government bonds that are traditionally considered to be “safe” during a crisis. This is called a “flight to safety” or a “flight […]
Money from Heaven, Path to Hell
Money from Heaven, Path to Hell What the Fed is going on?! The free-flowing money from the Fed appears to be “Money from heaven” at this point. And in some ways it absolutely is – but only if you take advantage of it personally and decide to protect yourself by locking in these “artificial” gains […]
