In today’s world of financial globalization, any remote crisis can become an international problem in seconds. That’s the reality of today’s markets.… Read More You Should Fear the Emerging Market Debt Bubble
The European Union has accused British intelligence agencies of disrupting Brexit negotiations—creating a new public dispute that could poison further an already toxic situation… Read More Have British Spies Been Hacking the EU?
Problems at Deutsche could spill over onto big Wall Street banks like Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America and Goldman Sachs, which just happen to be where derivatives are deeply concentrated in the U.S.… Read More Deutsche Bank and Citigroup Bleed More Equity: The Reason Why Should Concern Us All
It’s all part of a broad trend aimed at curtailing cash services… Read More Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures?
Speculators will probably attack Italian financial markets this month but the country has the resources to defend itself, a senior and highly influential government official says in a newspaper interview… Read More Italy Expects Financial Market Attack in August: Govt. Official
Facebook executive Campbell Brown reportedly warned news publishers that refusal to cooperate with the tech behemoth’s efforts to “revitalize journalism” will leave media outlets dying “like in a hospice.”… Read More Cooperate Or Die: In Private Meeting, Top Facebook Exec Threatened News Outlets
Why the Federal Reserve is as much to blame for Turkey’s economic crisis as Donald Trump… Read More Beware the Dog Days of August
But in some jurisdictions, they’re under-fire after a series of sudden corporate collapses.… Read More “Big Four” Audit Oligopoly Expands Global Reach Further
A little-noticed Senate bill would give Donald Trump blanket permission to launch wars in violation of the Constitution… Read More Giving Trump Carte Blanche for War
Turkish lira in free-fall, down 18% in two days… Read More ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge
Old bad habits die hard: The dangerous relationship of mutual dependence between governments and banks… Read More The Eurozone’s “Doom Loop” Re-Grips Italian Banks
The blowup with Canada is the latest Saudi overreach. Will they ever pay a price?… Read More Have the Saudis Gone Stark Raving Mad?