NEW YORK (MarketWatch) — Jamie Dimon is right. Regulation is making things worse on Wall Street. The Dodd-Frank Act has cost banks hundreds of millions in profits and has done nothing to prevent: — J.P. Morgan Chase & Co.’s big trading loss. — MF Global’s implosion and $1.6 billion in lost customer funds. — Goldman…
Tag Archive for Implosion
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Money from Nothing: A Primer on Fake Wealth Creation and its Implications (Part 1)
by Charles Hugh Smith • • 0 Comments
Frequent contributor Zeus Y. explains how the financial system creates fake “wealth” from nothing and why the entire delusional scheme is imploding.
“Only God can create… value out of nothing”—Justice Martin V. Mahoney in First National…
Charles Hugh Smith
Why Bernanke has Failed, and Will Continue to Fail
by Charles Hugh Smith • • 0 Comments
Ben Bernanke’s zero-interest rate policy (ZIRP) and command-economy efforts to maintain mispricing of risk, debt and assets are destroying capital and capitalism. No wonder his policies have failed so miserably.
To understand why Federal Reserve C…
Bears Chat, Best of the Forums
Our Peculiar State of Suspended Animation
by Bears Chat at The Wall Street Examiner • • 0 Comments
The U.S. is in a peculiar state of suspended animation: nothing is actually moving, we’re all frozen in an extended moment of disbelief, denial and crisis, waiting for something to finally break loose.
We know the present isn’t sustainable, bu…
Bears Chat, Best of the Forums
Extreme Leverage, Extreme Instability, Extreme Risk
by a Wall Street Examiner • • 0 Comments
Conventional economists are constantly cooing that oil accounts for a smaller percentage of the U.S. economy that it did in the 1970s; but does that mean that the economy is any less vulnerable to supply disruptions? The concept of leverage helps us…
Bears Chat, Best of the Forums
Loan Standards Drop To Keep The Bubble Afloat
by a Wall Street Examiner • • 0 Comments
You’ve seen the stories about how, in Australia, mobile homes made from converted shipping crates are selling for – wait for it! – as much as $1 million. Well, seems like the Australian bankers are doing everything they can to prevent the inevitable i…
Bears Chat, Best of the Forums
FLASH- One of those responsible for it warns of bond market implosion
by a Wall Street Examiner •
Rubin Warns of Bond Market “Implosion”: U.S. in “Terribly Dangerous Territory”
Latest Business Headlines
Happy Anniversary Bad News Update
by Newswires • • 1 Comment
by Spock Sept. 5 (Wall Street Examiner Wire) — Okay, it’s now been a full year since the implosion of Fannie, Freddie, the FHLBs, and the rest of the financial gamblers on the weekend of September 7th-8th, 2008″ So, what’s changed? Or a more appropriate question should be: “What HASN’T changed?” Well, here is a…
Liquidity Trader, Professional Edition
Fed Tries to Fill Expanding Sinkhole – Professional Edition
by Lee Adler • • 0 Comments
The Fed finally began to try to counter the implosion of the financial system with a big buildup in its balance sheet this week following two months of shrinkage. Most of the growth came from an increase in TAF and the beginnings of settlements of the previously committed MBS purchases. The big question is when,…
