It's the (German) Banks, Stupid!
Monthly Review
For example, many of these bonds are owned by non-European banks. If they lose a lot of money, these losses can trigger another round of government infusions (in places like Japan, China, Korea, etc.), which may affect local investment in projects that ...
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Yet again, a chance to rein in the bankers has been squandered
The Guardian
It looks as if it will take economic stagnation in the 2010s and another financial crisis to do the same for banks. One of the problems is that the banks and their defenders among economists have been successful at obscuring the causes of the crisis ...
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Eight key proposals for another Europe
Voltaire Network
With the governments currently in office, and the European Commission (EC), European Central Bank (ECB), and IMF all aiding and abetting, the financial institutions responsible for the crisis are making lots of money while speculating on government ...
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Voltaire Network
Lanka records highest economic growth in three decades
Nation on Sunday
The textile, wearing apparel and leather products category, which was adversely affected by the global economic crisis, showed signs of recovery during the last quarter of the year despite the withdrawal of GSP+ concessions effective from August 2010. ...
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Nation on Sunday
Arguments against a Robin Hood tax are bogus
The Guardian
If you take even that much money out of the system, banks will be less willing to lend to each other. Which means that we will suffer the sort liquidity crisis that saw so many British banks go to the wall recently all the time. ...
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Goldman bullish about global economy as profits slide
Telegraph.co.uk
The bank earned more money from bond trading than analysts had forecast. Photo: Rex Features However, after paying out $1.64bn in dividends to redeem preferred shares issued to billionaire investor Warren Buffett during the financial crisis, ...
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Telegraph.co.uk
Sell-off spreads to Asia after S&P downgrade on US debt
The Guardian
Based on the memory of the scared greedy sheep, I would estimate that this will run for maybe 2 days tops and it will then be forgotten about and they will return in their droves to snap up all that cheap stock. I remember the last financial crisis ...
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50 Factors Launching Gold
Gold Seek
10) Quantitative Easing, a catch word for extreme monetary inflation and debt monetization, has become engrained into global central bank policy, soon hidden. It is so controversial and deadly to the global financial structures that it will go hidden, ...
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Lou Brien: The Flight of The Red Swan
Stock Markets Review
He was quoted in a local paper there that “China's purchase of Greek bonds will help our economy overcome the crisis and regain the confidence of the international market. It will also help the stability of the eurozone. A stable eurozone will also ...
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How to invest in the rest of Africa
Fin24
The continent withstood the financial crisis with the International Monetary Fund predicting that Sub-Saharan Africa will expand by 5.5% this year, accelerating to 5.9% next year. Africa represents a longer-term opportunity for higher returns, ...
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Does anyone actually know how to fix the economy?
Salon
If other foreign and domestic creditors were worried about an American "fiscal crisis" they would be demanding higher interest rates now. The fact that they do not suggests that the US is still the world's greatest safe haven for anxious money, ...
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Salon
Rothschilds Stage Revolutions in Tunisia and Egypt To Kill Islamic Banks In ...
Mathaba.Net
“'In Islamic finance you cannot make money out of thin air,' said Amr al-Faisal, a board member of Dar al-Mal al-Islami, a holding company that owns several Islamic banks and financial institutions. 'Our dealings have to be tied to actual economic ...
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Citi profit falls 32 percent as bond trading weakens
Reuters
The results highlighted how the third-largest US bank, which teetered on the brink of collapse in the financial crisis, has stabilized but is still struggling to generate real growth. The results were better than expected, which supported Citigroup's ...
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Reuters
US, Europe, Asia stocks sink after S&P issues warning to US Govt
Malaysia Star
In addition, huge election gains for a nationalist euroskeptic party in Finland added to the tensions over Europe's debt crisis. Portugal also began discussions on a financial bailout and Spain had to pay much higher interest rates to borrow in the ...
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Does anyone actually know how to fix the economy?
Salon
When because of the difficulty of managing the 1907 financial crisis under the gold standard the decision was taken to create a central bank in 1914. So if we go back to the gold standard we would be returning to a period where we were at the mercy of ...
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Salon
Dubai Stocks Offer Value as Index in Bull Market, Templeton's Mobius Says
Bloomberg
Dubai home price slumped 62 percent from their peak in mid-2008 after the global credit crisis caused mortgage lending to dry up and speculative demand waned, Deutsche Bank AG said on Feb. 14. “While we think banks will likely see good earnings growth ...
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Spain is taking a new path to woo institutional investors
Pensions & Investments
Because most of the sovereign debt of bailed-out countries is being held by European banks, a default or restructuring could renew a crisis across the eurozone. Jacob Funk Kirkegaard, research fellow at the Peterson Institute for International ...
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When commodities boom ends, will Canada be going Dutch?
CTV.ca
Canadians have grown accustomed to basking in praise for the way this country has weathered the Great Financial Crisis, for the stability of its banking system, its lack of US- or European-style fiscal woes and for its good fortune to be sitting atop ...
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Failure of debt-driven model
DAWN.com
Banks began to fail. The number of closing banks insured with FDIC increased from 25 in 2008 to 140 in 2009 and 157 in 2010. These were small banks. The real crisis developed when an investment bank by the name of Lehman Brothers became bankrupt in ...
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DAWN.com
COMEX Gold Default Risk Triggers Pension Fund to Take Delivery of $1 Billion ...
The Market Oracle
Concerns that the sovereign debt crisis may be entering a new phase and the risk of contagion has seen peripheral eurozone bonds fall sharply and the euro fall against major currencies and gold today. Sovereign debt risk, global inflation concerns, ...
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Egypt's reluctant finance minister gets to work
Euromoney Magazine
People wonder why the high growth that was happening in the last few years before the financial crisis didn't trickle down. Yes, there is unequal distribution of wealth, that's true, but I think also if you have 42% of the labour force illiterate or ...
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Fareed's Take: Obama's intelligent but flawed budget speech
CNN (blog)
What I have written here is considered by man to be nothing more than a conspiracy theory or the diatribe of a hard money, gold bug crank. It is a fact....there are no financial crisis at all. How did Wall Street survive? The FEDERAL RESERVE bought ...
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YEARS OF THE MODERN
Nolan Chart LLC
The ensuing collapseof the stock and bond markets willremove the last vestiges of trust in the existing financial system and the government bureaucrats who have taken taxpayer dollars and funneled them to these Wall Street oligarchs. The economic chaos ...
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Citi profit falls 32 percent as bond trading weakens
Reuters
The results highlighted how the third-largest US bank, which teetered on the brink of collapse in the financial crisis, has stabilized but is still struggling to generate real growth. The results were better than expected, which supported Citigroup's ...
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