Bankers, governments and investors are starting to prepare for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system. The worst-case scenario envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch reminiscent of the financial crisis in the…
Tag Archive for Global Financial System
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Hussman Funds – Weekly Market Comment: The Heart of the Matter
by Newswires • • 0 Comments
…the problem that lies at the heart of the matter: a warped financial system, both in the U.S. and globally, that directs scarce capital to speculative and unproductive uses, and refuses to restructure debt once that debt has gone bad. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that…
Charles Hugh Smith
One Dam Metaphor for the 2012 Global Financial System
by Charles Hugh Smith • • 0 Comments
What do you do when flood waters threaten the dam? If you’re the Federal Reserve, you close the floodgates and let the water rise.
Metaphors have an uncanny ability to capture the essence of complex situations. Here is one dam metaphor that dist…
Bears Chat, Best of the Forums, Must Read
A Run on the Global Banking System – How Close are We?
by Bears Chat at The Wall Street Examiner • • 0 Comments
Nine weeks after its bankruptcy, the general public still hasn’t quite realized the implications of the MF Global scandal.
My own sense is, this is the first tremor of the earthquake that’s coming to the global financial system. And how the centr…
Bears Chat, Best of the Forums, Must Read
U.S. Growth Decoupling From Bonds Means Lower Yields to JPMorgan
by Bears Chat at The Wall Street Examiner • • 0 Comments
Bloomberg
U.S. Growth Decoupling From Bonds Means Lower Yields to JPMorgan
December 11, 2011, 7:26 PM EST
By Daniel Kruger and Liz Capo McCormick
Dec. 12 (Bloomberg) — The strengthening U.S. economy is proving no deterrent to the biggest rally in …
Bears Chat, Best of the Forums
IMF advisor: We face a Worldwide Banking Meltdown
by Bears Chat at The Wall Street Examiner • • 0 Comments
Bear Nectar
IMF advisor says we face a Worldwide Banking Meltdown
Zerohedge features a discussion about a BBC interview with IMF advisor Robert Shapiro, the bailout expert.
Here’s what Shapiro said:
“If they can not address [the financial c…
Bears Chat, Best of the Forums
Obscure law may give Obama power over debt ceiling
by Bears Chat at The Wall Street Examiner • • 0 Comments
Wouldn’t the founding fathers be proud?
EXCERPT:
Obscure clause may help US avert default
By Marc Jourdier | AFP – Sat, Jul 9, 2011
Committee Co-Chair Rosa DeLauro (L), Rep Barney Frank © and Rep. Mike Doyle listen …
US President Barack O…
Bears Chat, Best of the Forums
In an Undercollateralized World
by Bears Chat at The Wall Street Examiner • • 0 Comments
The world is undercollateralized. This is the single most important feature of the 2011 economy. Sixty years ago, if assets were worth less than loans, it was possible to work our way into the black. In 1950, 59% of US corporate profits were from m…
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One Big Happy Family: The S&P 500 and the GSCI Index
by dshort.com - Financial Life Cycle Planning • • 0 Comments
May 4, 2011 Guest Commentary by Randy Degner
Note from dshort: Randy Degner is a commodities trader for an oil company in Houston, TX. Here is his snapshot of the relationship between equities and commodities. I’ve thought at length about the bi…
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The Last Bull Market In Paper
by a Wall Street Examiner • • 0 Comments
The month of June, the stated end of the Fed’s monetization/debt creation, matches Armstrong’s turn …. when the Bernank ostensibly hits the wall with QE2. We are getting close. In another section of the latest letter Buckler points out that CDS sprea…
