The crisis (or at least what I argue is a looming crisis) is that Europe’s fiscal situation is worse today than it was when last decade’s fiscal chaos began.
JAL's CFO Norikazu Saito had some blunt advice on what is needed to kickstart the Japanese economy: Structural reform, not tinkering by the BOJ.
Former European Central Bank president Jean-Claude Trichet told MarketWatch in an interview that the global discussion of Europe ‘is a little bit too negative’
If China doesn’t curb its addiction to debt soon, the country may find itself in the midst of a banking crisis within the next three years
China’s attempts to contain property prices have been halfhearted. If anything, they may have made the bubble grow even bigger.
foreigners were net sellers of U.S. notes and bonds, dumping $13.1 billion in July for a year-to-date total of $156 billion. "
We are accustomed to looking at Europe’s woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not […]
Two years ago, top officials at the Federal Reserve mapped out a strategy for withdrawing the central bank’s unprecedented support for the American economy.
The Federal Reserve is focusing too narrowly on its dual mandate, the former Dallas Fed president says.
Wells Fargo & Co.’s John Stumpf should resign, give back his compensation and face criminal prosecution for a scandal in which the bank opened unauthorized accounts for thousands of customers, Senator Elizabeth Warren said.
This year we have featured the proposal by IMF Official Dr. Warren Coats to replace the US dollar with the SDR as the global reserve currency. This is because some […]
In @ 12:30 of the second half, Max interviews precious metals expert, Ned Naylor-Leyland about Gold - the original denominator
Why let them continue to nurture the monetary virus which at some point will reach escape velocity and start to re-infect global markets, thus producing anemic economic outcomes?
The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China. Since the last financial crisis, there has been a cred…
SDR's have become synonymous as World Money. As Hyperinflation looms on the horizon, what does that mean for the dollar? Jim Rickards reports...
We currently face a monumental dilemma. How do we extract ourselves from all this excessive debt without crashing the world economy? There is a solution which is totally counterintuitive: print even more money. In other words, to get out of the deep, deep hole we are in, dig even deeper. It is called the Chicago […]
CEO to testify on Capitol Hill about bogus accounts Sept. 20, 2016, 7:05 a.m. Wells Fargo Chief Executive John Stumpf is to appear this morning before the Senate Banking Committee, which is expected to grill him on the bank's admission that employees created some 2 million...
Worse still Single-family housing starts are the worst since October and down YoY. Confidence seems a little misplaced...
For the first time in history, the total private debt of the Canadian public has exceeded the total national Gross Domestic Product (GDP) after reaching 100.7%.
It seems as if everything is once again coming to a head; markets seem to be on edge no matter how much is purported to be going right, waiting to find out if the distant but serious “overseas” commotion will remain an object for foreign consideration alone