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Tag Archives: financial crisis
Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming
Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming The mainstream narrative about “recovery” from the financial crisis is a giant con job. And nowhere does the mendacity run deeper than in the “banks are fixed” meme—an insidious cover story that has been concocted by the crony capitalist cabals that thrive at the intersection of Wall […]
Post Crisis Scorecard – Global Debt Up $57 Trillion, 60% of American Jobs Created Are Low Level, Record Youth Living with Parents
Post Crisis Scorecard – Global Debt Up $57 Trillion, 60% of American Jobs Created Are Low Level, Record Youth Living with Parents This morning, my Twitter stream was filled with some of the most outlandish bullish economic victory laps from pundits I’ve ever seen. The source was the monthly employment report, which showed a larger than […]
What does $200 trillion of debt really mean for the global economy?’
What does $200 trillion of debt really mean for the global economy? A few years ago, in the depths of the recession caused by the financial crisis, I began an investigation into the consequences of several economic trends that I thought were bound to put a permanent end to the boom times that my generation, […]
What the Heck Is Happening to US Manufacturing?
What the Heck Is Happening to US Manufacturing? The worst month in the Southeast since the Financial Crisis. Despite President Obama’s emphatic assurances in the State of the Union Address that “our economy is growing and creating jobs at the fastest pace since 1999,” there have recently been some uncomfortable squiggles, so to speak. The collapse […]
The End Of The World Of Finance As We Know It
The End Of The World Of Finance As We Know It I’ve said before, and quite a while ago too, – more than once-, that the world of investing as we’ve come to know it is over. It’s still as true as it was then, and I can only hope that more people today understand […]
Boom Goes The Dynamite: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds
Boom Goes The Dynamite: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds If you were waiting for a “black swan event” to come along and devastate the global economy, you don’t have to wait any longer. As I write this, the price of U.S. oil is sitting at $45.76 […]
China to invest $20bn in struggling Venezuela
China to invest $20bn in struggling Venezuela China has agreed to invest more than $20bn in economic, social, and oil-related projects in Venezuela, as the country struggles from a financial crisis brought on from falling oil prices. President Nicolas Maduro said on Wednesday he was seeking to strengthen ties with Chinese banks after meeting Chinese […]
Bank of England minutes to lift lid on global financial crisis | Business | The Guardian
Bank of England minutes to lift lid on global financial crisis | Business | The Guardian. The inside story of the Bank of England’s response to the financial crisis will be revealed this week when the details of meetings which took place at the height of the crisis are published for the first time. In […]
We Just Witnessed The Worst Week For Global Financial Markets In 3 Years
We Just Witnessed The Worst Week For Global Financial Markets In 3 Years. Is this the start of the next major financial crisis? The nightmarish collapse of the price of oil is creating panic in financial markets all over the planet. On June 16th, U.S. oil was trading at a price of $107.52. Since then, […]
Three Conditions and Three Warning Signs | Mind on Money
Three Conditions and Three Warning Signs | Mind on Money. How to Tell if the Next Financial Crisis is Upon Us. In the last post, it was suggested that the rapid collapse in oil prices might have set up a repeat of the 2008 financial crisis. Before we all run for the bunkers and the […]
Continuing With The Insanity | Humanity’s Test
Continuing With The Insanity | Humanity’s Test. During the peak of the financial crisis during 2008 and 2009, there was a window of opportunity for a fundamental remaking and realignment of the massively over-sized and dysfunctional global financial system. Perhaps, also a questioning of the consensus that supports general deregulation and globalization. This opportunity was […]
Making the banks pay | The Sunday Edition with Michael Enright | CBC Radio
Making the banks pay | The Sunday Edition with Michael Enright | CBC Radio. In the aftermath of the 2008 financial crisis we all had one question in our minds: How many leading bankers are going to jail and for how long? The answer of course was a) none and b) not applicable. The matter of […]
Why Japan’s Money Printing Madness Matters | David Stockman’s Contra Corner
Why Japan’s Money Printing Madness Matters | David Stockman’s Contra Corner. This is getting hard to believe. The announcement that Japan has plunged into a triple dip recession should have been lights out for Abenomics. But, no, its madman prime minister has now called a snap election to enlist more public support for his campaign to destroy what remains of […]
The Last Days Of The Growth Story – The Automatic Earth
The Last Days Of The Growth Story – The Automatic Earth. Dorothea Lange Rear window tenement dwelling, 133 Avenue D, NYC June 1936 I am thinking about the similarities between a financial crisis and for instance a family crisis, the death of a loved one or close friend, a divorce, or a personal bankruptcy. And I wonder […]
