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Tag Archives: Meltdown
The Big Short is a Great Movie, But…
The Big Short is a Great Movie, But… Paris — Michael Lewis is the chronicler of Wall Street. He takes the complexity behind which the inhabitants of the financial world hide and weaves a tale that is both understandable and compelling. Starting with the classic “Liars Poker” (1989), Lewis has produced a number of books about […]
2016 – the BIG SHIFT
2016 – the BIG SHIFT As we close 2015 and begin a new year, the markets generally closed flat to neutral with a warning that as we approach the political year from hell being 2017, this is by no means going to be a walk through the park. We are more likely than not going […]
Ukraine’s Looming “19 Fukushimas” Scenario
Ukraine’s Looming “19 Fukushimas” Scenario With all the action in Syria, the Ukraine is no longer a subject for discussion in the West. In Russia, where the Ukraine is still a major problem looming on the horizon, and where some 1.5 million Ukrainian refugees are settling in, with no intentions of going back to what’s left […]
“The Cost Is Very High”: Portugal Taxpayers Face €3 Billion Loss After Second Bank Bailout In 2 Years
“The Cost Is Very High”: Portugal Taxpayers Face €3 Billion Loss After Second Bank Bailout In 2 Years Back in August of 2014, Portugal had an idea. Lisbon would use some €5 billion from the country’s Resolution Fund to shore up (read: bailout) Portugal’s second largest bank by assets, Banco Espirito Santo. The idea, basically, […]
Declassified U.S. Government Report Prepared a Week After Fukushima Accident: “100% of The Total Spent Fuel Was Released to the Atmosphere from Unit 4”
Declassified U.S. Government Report Prepared a Week After Fukushima Accident: “100% of The Total Spent Fuel Was Released to the Atmosphere from Unit 4” We reported in 2011 that the International Atomic Energy Agency knew within weeks that Fukushima had melted down … but failed and refused to tell the public. The same year, we reported in […]
Expert That Correctly Predicted Market Moves In July, August And September Says Stocks Will Crash In November
Expert That Correctly Predicted Market Moves In July, August And September Says Stocks Will Crash In November When someone is right over and over and over, eventually people start paying attention. Personally, I have learned to tune out the “forecasts” of most “economic experts” out there. As an attorney, I was trained to be skeptical, […]
America’s “Inevitable” Revolution & The Redistribution Fallacy
America’s “Inevitable” Revolution & The Redistribution Fallacy Here’s the good news: The chaos and upheaval we see all around us have historical precedents and yet America survived. The bad news: Everything likely will get worse before it gets better again. That’s NYPost.com’s Michael Goodwin’s chief takeaway from “Shattered Consensus,” a meticulously argued analysis of the growing disorder. Author James Piereson […]
In Latest Sign Of EM Chaos, Turkey’s FX Reserves Fall Below Key Threshold Ahead Of Pivotal Elections
In Latest Sign Of EM Chaos, Turkey’s FX Reserves Fall Below Key Threshold Ahead Of Pivotal Elections One of the key things to understand about the veritable meltdown that’s unfolded across emerging markets is that there’s more to the story than the headline risk factors. That is, while the list of proximate causes that includes […]
The Numbers Are In: China Dumps A Record $94 Billion In US Treasurys In One Month
The Numbers Are In: China Dumps A Record $94 Billion In US Treasurys In One Month Shortly after the PBoC’s move to devalue the yuan, we noted with some alarm that it looked as though China may have drawn down its reserves by more than $100 billion in the space of just two weeks. That, we went on […]
“This Time May Be Different”: Desperate Central Banks Set To Dust Off Asia Crisis Playbook, Goldman Warns
“This Time May Be Different”: Desperate Central Banks Set To Dust Off Asia Crisis Playbook, Goldman Warns Early last month, Bloomberg observed that plunging currencies were “handcuffing bankers from Chile to Colombia.” The problem was described as follows: Central bankers in commodity-dependent Andes economies aren’t even considering interest-rate cuts to revive growth, even as prices for oil, […]
The IMF Just Confirmed The Nightmare Scenario For Central Banks Is Now In Play
The IMF Just Confirmed The Nightmare Scenario For Central Banks Is Now In Play The most important piece of news announced today was also, as usually happens, the most underreported: it had nothing to do with US jobs, with the Fed’s hiking intentions, with China, or even the ongoing “1998-style” carnage in emerging markets. Instead, […]
Malaysia Meltdown: Asian Currency Crisis 2.0 Sends Ringgit, Stocks, Bonds Crashing
Malaysia Meltdown: Asian Currency Crisis 2.0 Sends Ringgit, Stocks, Bonds Crashing When China went the “nuclear” (to quote SocGen) devaluation route earlier this week in a last ditch effort to rescue its export-driven economy from the perils of an increasingly painful dollar peg, everyone knew things were about to get a whole lot worse for […]
Goldman “Conspiracy Theory” Validated As ECB Expands QE Program
Goldman “Conspiracy Theory” Validated As ECB Expands QE Program The ECB has expanded the list of SSA securities eligible for purchase under PSPP. The updated list includes: Tyoettoemyysvakuutusrahasto OeBB-Infrastruktur Asfinag Infraestruturas de Portugal Entidade Nacional para o Mercado de Combustiveis Ferrovie dello Stato Italiane Terna Spa – Rete Elettrica Nazionale ENEL SNAM Administrador de Infraestructuras […]
