On Sept. 27 the World Trade Organization (WTO) cut its forecast for global trade in 2016 by 1.1% to the lowest levels since the Great Recession period of 2009-10. Originally forecasting a growth rate of […]
We may have to rename the global bond market to ‘Fast and Furious -1.0’ because that is exactly what is happening to the expanding amount of sovereign bonds in both Europe and Japan. Last week, […]
Ever since the U.S. imposed economic sanctions on Russia in the early part of 2014, the European Union has followed Washington’s policy like a lapdog or a vassal state. But the effects of these bi-lateral […]
On April 13, the FDIC issued a new report from a study they made regarding the ability of major U.S. banks to deal with a systematic financial collapse. And in their findings, the FDIC is […]
This morning on CNBC (aka… CNBS), the central bank lackey Steve Liesman spoke with the NY Fed President Bill Dudley on rate outlooks for the remainder of the year. And contrary to the fact that […]
It is fascinating to think that just seven years ago, Goldman Sachs was on the cusp of bankruptcy. However, thanks to a former CEO of Goldman (Hank Paulson) being in place as the Secretary of […]
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