Global markets brace for rate hikes as Iran war and US$100 oil stoke tightening fears
The European Central Bank has become more hawkish, reverting to wording that analysts say often precedes interest-rate increases. Read More Here
Tag: banks
Global Markets Are Partying Like It Is 2008 (But A Crash Is Coming)
After the 2008 U.S. housing and credit market crisis, Chuck Prince, the former Citibank CEO, explained his bank’s speculative activity during the bubble by noting that when the music is playing you have to dance. Today, with the world’s major central banks continuing to supply the markets with ample liquidity, there can be little doubt […]
The Calm Before The Exchange-Rate Storm?
Core dollar exchange rates have so far been surprisingly stable during the pandemic, most likely because major central banks’ policy interest rates are effectively frozen at or near zero. But although the current stasis could last awhile, it will not last forever. Read Here | Project Syndicate
The Many Trails Of Ant Group
When the last of the big four state-owned Chinese banks listed a decade ago, one could be forgiven for thinking that the age of mega Chinese financial listings was over. After all, with financial services being such a strategic sector for the Chinese Communist Party, who would have thought that the state’s stranglehold over banking and […]
How Wall Street Became A Cult Of Risk
Policymakers need to ask what Wall Street’s mighty money machine exists for in the first place. Should the financial business exist primarily as an end in itself, or should it be, as in the original meaning of “finance,” a means to an end? …When finance becomes an end in itself, the public is liable to […]
The Real Problem With The Saudi’s ‘Davos In The Desert’
It was always hard to see why a semi-medieval Middle Eastern autocracy reliant on a single fossil fuel was the best place to discuss any of those issues. And it is just as hard to believe the world will be worse off for not hearing what the IMF’s Christine Lagarde or J.P. Morgan’s Jamie Dimon […]
Obama Goes From White House To Wall Street In Less Than One Year
Hillary Clinton says she made a mistake when she gave speeches on Wall Street after leaving government. Taking money from banks, she writes in her new memoir, created the impression she was in their pocket. Her old boss doesn’t seem to share her concern. Read Here – Bloomberg
China’s Debt Bomb
It’s a bomb! A mountain! A horror movie and a treadmill to hell! To doomsayers, China’s $25 trillion pile of public and private debt is a threat to the global economy. Or maybe it’s just a manageable byproduct of the boom that created the world’s second-biggest economy. Read Here – Bloomberg
The Nation Obama Built
Over the past seven years, Americans have heard an awful lot about Barack Obama and his presidency, but the actual substance of his domestic policies and their impact on the country remain poorly understood. He has engineered quite a few quiet revolutions—and some of his louder revolutions are shaking up the status quo in quiet […]
China Stock Plunge Hits World Stocks, Dollar; U.S. Stabilizes
World stock markets plunged on Monday, after a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exits. After dropping more than 1,000 points, or almost 7 percent, at Wall Street’s open, the Dow Jones industrial average eased losses but was still off […]
looking beyond borders 