The global outstanding CLO market is now estimated to stand at about $750 billion, while the CDO market in 2007 before the crisis came to $640 billion… Read More Booming Securitized Loan Market Has Echoes of Financial Crisis, BIS Warns
A critical consideration in taking the Federal Reserve and/or the New York Fed at their word about what is really going on is that these are the folks who secretly funneled revolving loans cumulatively totaling an astronomical $29 trillion into Wall Street banks and their foreign bank derivative counterparties from December 2007 to at least the middle of 2010… Read More The Fed’s “Emergency” Actions this Week Were Dated 48 Days Earlier
An all-out war around the Persian Gulf would drive energy prices into the stratosphere and slump the global economy. Trump’s voters would not like that… Read More The Crisis Over The Attack On Saudi Oil Infrastructure Is Over – We Now Wait For the Next One
If one considers the trillions of dollars in derivatives that these banks are on the hook for, they have once again become highly leveraged and dangerous.… Read More At Press Conference, Fed Chair Powell Refuses to Answer Whether Wall Street Banks Are Too Big to Manage
The Yemeni Shiite group’s spectacular attack on Abqaiq raises the distinct possibility of a push to drive the House of Saud from power… Read More Houthi Rebels Overturned the Chessboard
RICO is typically used to indict mobsters – which makes its use against employees of the largest bank in America a very disquieting event… Read More Will Jamie Dimon Finally Lose His Job Over Racketeering Charges?
The ends always justify the means. Anything, no matter how immoral or criminal, is permissible… Read More Our Invisible Government
A tectonic plate-shaking shift appears to be taking place in the global political order… Read More It’s a New World Order, Alright
For oil markets, it’s the single worst sudden disruption ever, surpassing the loss of Kuwaiti and Iraqi petroleum supply in August 1990, when Saddam Hussein invaded his neighbor… Read More Oil Explodes 20% Higher, Biggest Jump On Record
And it has now sped up beyond our means to control it… Read More It’s the Pace of Change That Kills You
The tale of Oleg Smolenkov is just the latest load of high-level BS dumped on us by intelligence agencies… Read More Latest Russian Spy Story Looks Like Another Elaborate Media Deception
Draghi’s desperate shenanigans thicken… Read More Palace Revolt at the ECB, Legitimacy of Policy out the Window
