In today’s show, you will learn why a debt default by China’s Evergrande could threaten to crash global markets, why a former Fed official is warning of an imminent financial crisis the Fed is unprepared to stop, why large-cap stocks …
by Peter Schiff of Peter Schiff Podcast Inflation creating illusion of economic growth. Oil prices go up, but energy stocks get beat up. Fed won’t wage a war on inflation, never mind win it. Robinhood steals from the poor and gives to a …
🚨 BREAKING NEWS 🚨 Citi, BofA, Goldman, other banks accused of credit default swap antitrust scheme and market manipulation. (2008 flashbacks anyone?) — unusual_whales (@unusual_whales) July 1, 2021 New Mexico’s sovereign wealth fund brought a federal antitrust lawsuit claiming Bank of …
https://www.bloomberg.com/news/articles/2021-03-29/credit-suisse-flags-potential-significant-loss-from-hedge-fund The article is linked above, we should dig more into this as news comes out and find out the exact causes. Apparently 20B in shares had to be sold, that just doesn’t happen left and right. This is …
Via Oriental Review, There is a dual Italian crisis brewing in the European Union. On the one hand, it is a political, or even geopolitical, crisis. Italy is undermining the unity of the European Union; blocking the EU’s recognition of those …
via Bloomberg: Wall Street banks and hedge funds are closing in on a fix that they hope will clean up an $8 trillion portion of the derivatives market that’s gained a reputation for being one of the shadiest corners in …
https://www.youtube.com/watch?v=rrBcoi6SbAQ It’s all by design, we all knew their agenda if Trump won so they will not be stopped unless this country on a whole repents and turn their lives over to Christ Jesus and pray that God intervenes. …
via theverge: Comcast left customers of its Xfinity Mobile phone service vulnerable to hacks and identify theft by setting the default PIN codes of its accounts to “0000,” making it easy for malicious third parties to steal customers’ identities. The vulnerability …
by WARREN MOSLER Chinese state company defaults offshore, first time in 20 years (FT) A Chinese state-owned enterprise from the country’s remote north-west has failed to repay a US dollar bond in Hong Kong, the first offshore default in 20 years and the …
by JanssenReportHost As the global debt crisis keeps expanding, a new interest-free currency was launched in the Netherlands on September 22nd 2016: De Florijn. “UN fears third leg of the global financial crisis – with prospect of epic debt defaults” is …
from Jason Hartman’s Creating Wealth Jason Hartman and Doug take today’s episode as a chance to look at some key happenings in our world today. By now you’ve heard Jason discuss how there’s a softening in prices at the top of …
via scmp: Midway into January five Chinese companies are already likely to default on 3.5 billion yuan (US$446.25 million) worth of debt Beijing Kang Dexin Composite Material tumbled 10 per cent on Tuesday after saying it’s likely to default on the …
via MarketWatch: PG&E’s bankruptcy would result in a default of $17 billion of its bonds If Pacific Gas & Electric Co. follows through with its bankruptcy announcement, the country’s largest utility would record the third largest default in the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter California’s rate payers & taxpayers likely on the hook, as we know from PG&E’s first bankruptcy in 2001. “PG&E remains committed to providing safe natural gas and electric service to customers as it prepares to initiate …
via Forbes: When Oracle rolled out its Autonomous Database earlier this year, Executive Chairman and CTO Larry Ellison thought the biggest selling point would be that it eliminates the cost of human labor to patch, tune, upgrade, and secure the database. Another …
via 13d: On a personal level, political and macroeconomic level, there are few questions with more significant implications for Americans. The following article was originally published in “What I Learned This Week” on October 25, 2018. To learn more about 13D’s …
Libor hits decade high pic.twitter.com/QluHNk7jNk — Alastair (@StockBoardAsset) November 7, 2018 A Worldwide Debt Default Is A Real Possibility Is debt good or bad? The answer is “Yes.” Debt is future spending pulled forward in time. It lets you buy …
via Bloomberg: While Wall Street and U.S. President Donald Trump tout news of a booming stock market and low unemployment, college students may be quick to roll their eyes. The improved economy has yet to mean higher wages for graduates already struggling …
by QuartzPuffyStar Yesterday I at last updated my old Lollipop Android to the Marshmallow version, and after being happy with the hud improvements and speed of my phone, I was unpleasently surprised when I was digging in the default apps/processes …
via thebubble: In an interview with Bloomberg TV, President Mauricio Macri rejected the possibility that Argentina will default on its debt payments, emphasizing on the “international support” the country has, “especially from the United States.” Moreover, he indicated that the new agreement …
via Zerohedge: Having revolutionized investing for both ordinary retail investors and institutions, and increasingly crowding out traditional asset managers, ETFs have set their sights on yet another market to disrupt and dominate: the trillion-dollar market in credit derivatives. Ten years …
Authored by Daniel Lacalle via The Mises Institute, In this era of monetary fiction, one tends to read all types of undocumented and misguided views on monetary policy. However, if there is one that really is infuriating: MMT science fiction. One …
https://www.youtube.com/watch?v=c2Le7spCPcg We have a bona fide Wall Street legend on the podcast today – Marty Fridson, referred to as the “Dean of High Yield” because of his unique knowledge of toxic loans to unworthy companies and their inevitable consequences as …
by Martin Armstrong The rumors running around is that Turkey will default as Erdogan decides to move to align with Iran and Russia and leave the West behind. While there have been speculative attacks on the Turkish economy and US tariffs and …
https://www.nytimes.com/interactive/2018/08/25/opinion/sunday/student-debt-loan-default-college.html Millions of students will arrive on college campuses soon, and they will share a similar burden: college debt. The typical student borrower will take out $6,600 in a single year, averaging $22,000 in debt by graduation, according to the National …
by stockboardasset More than one million American student loan borrowers default on their debt each year, a new report says. That means by 2023, approximately 40 percent of borrowers are expected to default. That is according to a new report by the Urban …
via fs All focus is on Turkey right now as their currency goes into freefall and 5-year credit default swaps (insurance against default) have now spiked to levels last seen during the 2008-2009 financial crisis. Emerging market risks accelerated with …
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent drop in investor confidence following the exposure of Blackstone’s credit default swaps. Blackstone’s credit default swaps had an engineered default and the CFTC slapped them on the …
Image by iStock/erhui1979 From Tom Luongo of Gold, Goats ‘N Guns: Regular readers of Gold Goats ‘n Guns know that I’ve been handicapping a major sovereign debt default to begin here in 2018 or early 2019. But, what do I mean by that? …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter As banks pull back from mortgage lending amid inflated prices and rising rates, “shadow banks” become very aggressive. In the first quarter 2018, banks and non-bank mortgage lenders – the “shadow banks” – originated 1.81 million …