Greater instability and inequality are the bitter fruits of the greatest monetary experiment in history… Read More Central Banks: The Great Experiment Has Failed
What’s to stop the financial weapons of mass destruction that blew up iconic Wall Street firms in 2008 from doing it again?… Read More Uh-Oh: The Market Is Going to Test Obama’s Legacy on Banking Reform
Prins compares the colluding central banks, led by the U.S. Fed, to a “financial world war.” Conjured money was the weapon of choice… Read More Nomi Prins’ New Book Is a Far More Important Read than Comey’s
Not going to be easy, especially for “zombie” companies.… Read More Are European Companies Ready for Life Without Draghi?
Making the Fed an Instrument for Disaster… Read More The Return of the Great Meltdown?
There are only so many times the Justice Department can charge the largest Wall Street banks with felony counts for rigging markets before the public catches on that it’s a feature not a bug of their business model… Read More Why Isn’t the Justice Department Bringing Treasury-Rigging Charges Against Wall Street?
Rules that would have forced European banks to set aside more money against hundreds of billions in bad loans, appear to be too difficult or too dangerous to implement… Read More ECB Capitulates On Defusing Eurozone’s “$1 Trillion Ticking Time Bomb”
A working draft of the bank’s flagship World Development Report – which will urge policy action from governments when it comes out in the autumn – says less “burdensome” regulations are needed so that firms can hire workers at lower cost… Read More World Bank Calls for Lower Wages and Less Worker Protections
Too Little, Too Late?… Read More EU Moves to Protect Financial System from Failing Banks
Is India’s banking sector imploding?… Read More In Just 24 hours, the Bad News About India’s Banks Has Gotten Worse
The world’s biggest hedge fund, which now owns more than 40% of Europe’s GDP in securities emains forever entwined with the fate of the European capital markets.… Read More ECB Doubles Bond Purchases Just As Market Hits Turbulence
Competition Eats the Profits of Big Shaky Banks in Euroland: So Consolidate… Read More Competition Eats the Profits of Big Shaky Banks in Euroland: So Consolidate