A New Danger Looming For Banks : Interest Rates Going Up
The situation is untenable in Japan and can only be contained in the States and the Eurozone if rates go just slightly up.
Read articleThe situation is untenable in Japan and can only be contained in the States and the Eurozone if rates go just slightly up.
Read articleThink Your Money is Safe in an Insured Bank Account? A trend to shift responsibility for bank losses onto blameless depositors lets banks gamble away your money.
Read articleAlong with its public deficits going the wrong way, as we wrote about last week, France has now to contend with its banking sector. According to Euromoney, a study from the Lausanne Center for Risk Management shows that french banks represent the most important systemic risk of Europe!
Read articleFrance is losing its footing. It just fell to the other side of the Laffer Curve : tax increases not only did not produce any revenue, but we’re witnessing a decline in fiscal revenue.
Read articleNikkei’s 7% plunge, last Thursday, and the way it happened, gives us a glimpse into how the next crisis will play.
Read articleIn his 7 years as Chairman of the Fed Ben Bernanke has printed more money than during the whole history of the USA
Read articleThe bank with the most exposure to derivatives is not JP Morgan, as we thought, but Deutschebank
Read articleBy wanting to respect each country’s whims and maintaining the fiction of « national » central banks despite the creation of a unique currency, the euro promoters have created an explosive internal systemic risk.
Read articleCyprus did serve as a general rehearsal for the experimentation of a plan that will be reproduced elsewhere. The European Commission is preparing a proposition to include deposits over 100,000 euros in bank bailouts
Read articleFor Americans, financial and economic Armageddon might be close at hand. The evidence for this conclusion is the concerted effort by the Federal Reserve and its dependent financial institutions to scare people away from gold and silver by driving down their prices.
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