The UK's Guardian newspaper, of Edward Snowden leaks fame, just published a good overview of the world's recent financial missteps titled The world economic order is collapsing and this time there seems no way out.
Some excerpts:
The...
John Rubino
Articles by John Rubino
It turns out that the world of ZIRP/NIRP isn't the banking paradise that some thought it would be. See Why The Big Banks Want Higher Interest Rates.
Whether the problem is with low interest rates themselves or the fact that rates...
Whether the problem is with low interest rates themselves or the fact that rates...
One of the early signs that a cycle is about to turn down is disorder in junk bonds. That's because the companies that issue such bonds are by definition financially and/or operationally weak and therefore ultra-sensitive to changes in...
After borrowing -- and largely wasting -- $15 trillion during the Great Recession, China now looks like a typical decadent developed-world country, complete with slow growth, anemic consumer spending and unstable financial markets...
Something strange is happening in the banking business.
In theory, a low interest rate environment is generally good for banks because it allows them to borrow at, say, zero and lend to auto or home buyers at considerably more, making a...
In theory, a low interest rate environment is generally good for banks because it allows them to borrow at, say, zero and lend to auto or home buyers at considerably more, making a...
Some major banks -- which over the past few decades have grown into the biggest financial entities the world has ever seen -- appear to have hit a wall, and are now shedding tens of thousands of workers. Some recent examples:
Barclays...
Barclays...
The intellectual groundwork is being laid for the next stage of the Money Bubble, and it's going to be epic. Here are excerpts from two articles that appeared over the weekend (and which should be read in their entirety). Both deal with...
Next week we'll find out if the longest-ever will-they-or-won't-they drama involving a virtually insignificant quarter-point interest rate change will amount to anything. But either way, US monetary policy is already a lot tighter than it...
Back when society's balance sheet was reasonably solid, the occasional bear market was no big deal. A 20% drop in the average S&P 500 stock would scare investors and lead to slight declines in consumer spending and government capital...
One of the reasons US stocks have had such a nice run is that public companies have been making a lot of money. The profit bounce from Great Recession lows was both big and fast, taking corporate earnings to record levels both in nominal...
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