Home » Posts tagged 'Shadow Banking' (Page 2)
Tag Archives: Shadow Banking
Trump & the Fed: US Shadow Bankers About to Deepen Control of US Economy
Trump & the Fed: US Shadow Bankers About to Deepen Control of US Economy What’s sometime referred to as ‘shadow bankers’ have been running the economy and drafting US domestic economic policy since Trump took office. ‘Shadow’ banks include such financial institutions as investment banks, private equity firms, hedge funds, insurance companies, finance companies, asset […]
Chinese Banks Push Back On Shadow Banking Regulations – Expose “Catch-22” For Financial System
Chinese Banks Push Back On Shadow Banking Regulations – Expose “Catch-22” For Financial System In November, we discussed how the post-Party Congress measures to deleverage and crackdown on the worst abuses in China’s credit bubble took an important step forward with the announcement of a new era of regulation for China’s $15 trillion shadow banking […]
The Sum of All Fears…..and a few related charts……
The Sum of All Fears…..and a few related charts…… Today, I’d like to take some time to revisit a couple of related topics that we first started discussing a few years ago. I am, of course, referring to the burgeoning increases in China’s Debt levels, Shadow Bank Assets (loans) and M2, along with a high-level […]
A Matter Of “Trust”: A Look Inside China’s Crackdown Of Its $3 Trillion Shadow Banking Industry
A Matter Of “Trust”: A Look Inside China’s Crackdown Of Its $3 Trillion Shadow Banking Industry As discussed here in mid-August, when China reported its latest credit data, for the first time in 9 months China’s trillion Shadow Banking Industry – defined as the sum of Trust Loans, Entrusted Loans and Undiscounted Bank Loans – […]
“This Is Probably Just The Beginning” – Chinese Banks Are In Big Trouble
“This Is Probably Just The Beginning” – Chinese Banks Are In Big Trouble That’s not supposed to happen… With the crackdown on financial system leverage underway, Chinese banks (and securities firms) are in big trouble. As we noted previously, China’s bond curve is inverted, yields are surging, and Chinese regulatory decisions shutting down various shadow-banking […]
Chinese Insurer Warns Of “Mass Defaults, Social Unrest” Due To “Mass Redemption” Run
Chinese Insurer Warns Of “Mass Defaults, Social Unrest” Due To “Mass Redemption” Run One month ago, China came “this close” to the one event which terrifies Beijing more than anything: a run on China’s shadow banks. As a quick reminder, 150 customers of China’s Mingsheng Bank, the country’s largest private bank, were furious in mid-April […]
China Is Cracking Down On Shadow Banking, But One European Country Is Encouraging It
China Is Cracking Down On Shadow Banking, But One European Country Is Encouraging It When you hear about Shadow Banking, most people still associate it with dodgy Chinese schemes where more and more financial transactions were conducted outside of the normal and regulated banking system. In a previous column, we already briefly discussed how the Chinese […]
The “Terrifying Prospect” Of A Triumph Of Politics Over Economics
The “Terrifying Prospect” Of A Triumph Of Politics Over Economics The Triumph of Politics All of life’s odds aren’t 3:2, but that’s how you’re supposed to bet, or so they say. They are not saying that so much anymore, or saying that history rhymes, or that nothing’s new under the sun. More and more theys seem […]
G-20 Needs To “Man Up” Or Risk Sparking Market Chaos, Citi Warns
G-20 Needs To “Man Up” Or Risk Sparking Market Chaos, Citi Warns Two days ago, the man who now signs your Federal Reserve notes threw cold water on hopes for a so-called “Shanghai Accord.” Over the past month or so, anticipation has built among market participants for some manner of coordinated policy response at this weekend’s G20 summit […]
Meet China’s Latest $1.8 Trillion “Problem”
Meet China’s Latest $1.8 Trillion “Problem” Last summer we outlined how Chinese banks obscure trillions in credit risk. The powers that be in Beijing aren’t particularly keen on allowing the banking sector to report “real” data on souring loans – especially given the fragile state of the country’s economy. In some cases, the Politburo will pressure banks […]
Interview With Lord Turner on Monetary Reform
Interview With Lord Turner on Monetary Reform Max Rangeley: The cover of your book is adorned with the image of Faust and Mephistopheles. In Goethe’s Faust, the Emperor is granted the right to create money ex nihilo, whereas we currently have this Faustian pact with the banks, so before we get into the technocratic, economic […]
Goldman Strikes Again: Did A Probe Into “Global Warming” Fraud Cost A Prime Minister’s Job
Goldman Strikes Again: Did A Probe Into “Global Warming” Fraud Cost A Prime Minister’s Job When Tony Abbott became Australia’s prime minister in September 2013, the chain of events that would prematurely end his tenure may already have been in motion: just a few months later China would order its out of control shadow banking […]
China’s “Credit Mystery” Deepens, As Moody’s Warns On Shadow Financing
China’s “Credit Mystery” Deepens, As Moody’s Warns On Shadow Financing Last month, we took a detailed look at what we said could be a multi-trillion yuan black swan. In short, one of China’s many spinning plates is the country’s vast shadow banking complex which allowed local governments to skirt borrowing restrictions leading directly to the accumulation of […]
Buiter: Only “Helicopter Money” Can Save The World From The Next Recession
Buiter: Only “Helicopter Money” Can Save The World From The Next Recession It is to be expected that economists – even economists working for the same team – have different views about the likelihood of different future outcomes. Economics isn’t rocket science, and even rockets frequently land in the wrong place or explode in […]
