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
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
And it has now sped up beyond our means to control it… Read More It’s the Pace of Change That Kills You
Draghi’s desperate shenanigans thicken… Read More Palace Revolt at the ECB, Legitimacy of Policy out the Window
Contrary to what the Fed claims, as of March 31, 2019, the vast majority (57.6 percent) of derivatives in the United States were not centrally cleared. The most dangerous type of derivative, credit derivatives, had the worst showing with only 27.7 percent being centrally cleared.… Read More Here’s Proof the Federal Government Is Overtly Lying about Wall Street’s Derivatives
Now they’re clamoring for this NIRP absurdity in the US. How will this end?… Read More How Negative Interest Rates Screw Up the Economy
Distracted by Hong Kong social unrest and focused on yield curve inversions and negative yields worldwide, it is not surprising the ‘average joe’ investor is missing the real forest fire for the trees… Read More Forget The Yield Curve, It’s Argentina’s Collapse That Highlights The Market’s Biggest Problem
It’s time to pry loose from the New York Fed all of the missing details of its crisis era deals… Read More It’s Time to Audit the NY Fed
“China has the second-highest number of flashing early warning indicators after Hong Kong.”… Read More How Close Is China To A Financial Crisis?
The plot surrounding the alleged sex trafficker and convicted sex offender thickens… Read More Did Jeffrey Epstein Receive a Secret Federal Reserve Bailout?
To wrap your mind around the concept of a “bad bank,” you have to look at what Citigroup did in January 2009… Read More The Fed and Wall Street Begin to Worry About Deutsche Bank’s “Bad Bank” Idea