zerohedge.com / by Tyler Durden / 12/03/2013 09:49 -0500
Overnight, the WSJ reported a financial factoid well-known to regular readers: namely that as a result of a broken system that ever since the LTCM bailout has encouraged banks to become take on so much risk they become systematically important (as in [...]
testosteronepit.com / By Wolf Richter / November 24, 2013 at 6:40PM
France’s government is struggling to stay relevant. François Hollande has become the most despised president since comparable polls started in 1958. To save his skin, Prime Minister Jean-Marc Ayrault proposed a total tax reform by shuffling around who pays what, [...]
ftmdaily.com / by Ron Paul / NOVEMBER 19, 2013
Last Thursday the Senate Banking Committee held hearings on Janet Yellen’s nomination as Federal Reserve Board Chairman. As expected, Ms. Yellen indicated that she would continue the Fed’s “quantitative easing” (QE) polices, despite QE’s failure to improve the economy. Coincidentally, two days before the Yellen [...]
acting-man.com / By Pater Tenebrarum / November 20, 2013
At a meeting of various policymakers and their establishment approved advisors arranged by the IMF (a superfluous organization if ever there was one), a speech delivered by Larry Summers made some waves.
Well, we’ve always said that the only time the economy is reasonably [...]
zerohedge.com / By Tyler Durden / 11/19/2013 08:29 -0500
With Richmond, CA’s plans to use eminent domain to “help” underwater homeowners still ongoing (as suits from mortgage-backed securities owners such as PIMCO, Blackrock, and DoubleLine having been initially dismissed), it appears the “wealth transfer” scheme is gaining traction around the nation. As we warned it [...]
investmentcontrarians.com / By Sasha Cekerevac / Nov 18, 2013
One of the most amazing things occurred the other day: a former Federal Reserve official apologized for being part of the quantitative easing program!
Andrew Huszar was an integral member of the Federal Reserve team put in place to launch the most aggressive, unprecedented quantitative easing [...]
Irish Prime Minister Enda Kenny
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / November 15, 2013
So Ireland is exiting the bailout without a precautionary line of credit. The news is big. And the news is small.
Small on positives, albeit tangible:
Markets got more certainty that any pricing will be [...]
zerohedge.com / by Tyler Durden on 11/11/2013 11:46 -0500
One of the mysteries surrounding the insolvent, and already once bailed out Spanish banking sector, has been the question why reported bad loans – sharply rising as they may be – are still as relatively low as they are currently, considering the nation’s [...]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / November 9, 2013
This is an unedited version of my Sunday Times article from November 3, 2013.
In the marble and mahogany halls of European high finance HQs, the next few months will be filled with the suspense of the preparation for the banks audits.