Earlier today I asked, “So let’s take a contrarian view. What’s the best case scenario. Thoughtful responses get posted on WSE. Since everybody expects the…
Daily MailJP Morgan Chase: Is it actually London's problem?Daily MailThe storyline is that JPMorgan absorbed this loss because it allowed a French-born London trader, Bruno Michel Iksil, to make reckless bets with money collected from the bank'…
By Peter Boone and Simon Johnson In every economic crisis there comes a moment of clarity. In Europe soon, millions of people will wake up to realize that the euro-as-we-know-it is gone. Economic chaos awaits them. To understand why, first … Continue reading →
Is the Dexia mess the start of a new financial crisis?
Posted by Michael Schuman Tuesday, October 4, 2011 at 9:20 am
In the clearest indication yet that Europe’s sovereign debt crisis is morphing into a wider, financial sector crisis, a big European …
This is not helping French bank stocks today.
PIMCO’s Mohammed El-Erian has a dramatic post up at FT on the various signs of trouble in French bank land.
You have reports of banks not trading with French banks. You have equity prices at 50-% of bo…
Cambodiabear: Viets prefer to hold USDs rather than the dong as the gov’t has been printing like mad. The gov’t even scaled back the importation of gold to prevent ppl from protecting themselves but gold shops opened at the casino area at the Cambodian…
