By Michael HudsonU.S. and foreign stockmarkets continue to zigzag wildly in response to expectations about whether theeuro can survive, in the face of populations suffering under neoliberalausterity policies being imposed on Ireland, Greece, Spain, Ita…
Dec. 28, 2011, 3:53 p.m. EST
Look for 2012 to be the year of the dollar
Commentary: Currency wars favor the greenback
By David Callaway, MarketWatch
SAN FRANCISCO (MarketWatch) — At a meeting in London last month I listened with mild amusement as a…
David Stockman, former Director of the White House Office of Management and Budget during the Reagan Administration, has in recent years become a prominent and…
The following is an extended excerpt from the Wall Street Examiner Professional Edition weekly Treasury update. The subscriber link to the full report is at…
The Bank of Canada has released the Financial Stability Review for December 2011 with articles:
Risk Assessment
Macrofinancial Conditions
Key Risks
Global Sovereign Debt
Economic Downturn in Advanced Economies
Global Imbalances
Low Interest Rate Environment in Major Advanced Economies
Canadian Household Finances
Safeguarding Financial Stability
Strengthening Bank Management of Liquidity Risk:
The Basel III Liquidity Standards
A Fundamental Review of Capital Charges Associated
with Trading Activities
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Market-making […]
Liquidity indications were mixed this week, with the Fed still not doing much while foreign central banks were net sellers (see Treasury update). Commercial banks…
The balance sheets of European banks are piled high with legacy assets — mortgages, real-estate, and other loans–that are tying up precious capital and constricting the banks’ ability to make new, more productive loans.
At the same time, the ban…
November 18, 2011
Europe Fears a Credit Squeeze as Investors Sell Bond Holdings
By NELSON D. SCHWARTZ and ERIC DASH
Nervous investors around the globe are accelerating their exit from the debt of European governments and banks, increasing the r…
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S&P to update bank credit ratings within 3 weeks
By David Henry | Reuters – 1 hr 22 mins ago…
(Reuters) – Standard & Poor’s plans to update its credit ratings for the world’s 30 biggest banks within three weeks and may well mete out a few dow…
Federal judge Jed Rakoff, a former prosecutor with the U.S. Attorney’s office here in New York, is fast becoming a sort of legal hero of our time. He showed that again yesterday when he shat all over the SEC’s latest dirty settlement with serial…