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One thing that's great about being a TBTF bank is that generally speaking, no one (including employees) really has any idea what all is on your balance sheet let alone how much all of it may or may not be worth at any given time.
The global debt glut, plus the related money printing efforts by the world's central banks to try to stimulate further credit growth at all costs, leads us to conclude that a major currency crisis -- actually, multiple major currency crises -- are pr
Don't look now but slumping crude prices are hitting the Canadian housing market like a freight train.
Don't look now but slumping crude prices are hitting the Canadian housing market like a freight train.
In what may be a preview of what's in store for The Bank of Greece, Cypriots -- who are understandably still a little more than angry about the decision to confiscate their deposits --showed up outside of The Bank of Cyprus today to "celebrate
The chances of Greece leaving the euro area are now 50-50 and the country could go "down the drain," billionaire investor George Soros said.
ECB Exposure to Greece Tops €100 Billion; Greece Out of Cash by April 20 ECB Denies it is Blackmailing Greece
Australian prime minister says he will back Chinese-led Asian Infrastructure Investment Bank as long as it is transparent and not run by a single country
Russian Prime Minister Dmitry Medvedev has ordered to sign a memorandum on cooperation with BRICS countries in the sphere of science, technologies and innovations, the official website of the Russian government said on Sunday.
Spiegel Goes There: "Hitler's Hordes" Respond To Greece, Send The Nazis, And Merkel, To The Acropolis
Most of us know that the global economy is softer than the media and acknowledges. Even the powerhouse US economy is softer than The Federal Reserve is letting on.
While it's tempting to snicker at Schiff's perms-bullish stand on gold (and perms-bearish view on the buck), remember he was warning about the housing bust when most policymakers were singing the virtues of the housing boom.
Using Target2 Imbalances as a measure of capital flight and trust that Greeks have in their banks, here are two charts that pretty much tell the full story.
Nasdaq has agreed to provide the core technology to power a marketplace for trading bitcoins
At first glance, the neo-Cold War between the US and its post WWII European Allies vs. Russia over the Ukraine, and the stonewalling of Greece by the Troika might appear to have little in common. Yet both are manifestations of a political-military-fi
It was just a matter of time before Western governments used the trumped up "War on Terror" as an excuse to drastically ratchet up
Greece's place in the Eurozone is as precarious as ever as talks between Prime Minister Tsipras and European leaders in Brussels broke down.
Russian president says currency union with Belarus and Kazakhstan could help overcome falling oil prices and decline of rouble
n the wake of the global recession, beginning with the financial crisis of 2008-2009, the British government of Prime Minister David Cameron took a different approach from the U.S. governments of George W. Bush and Barack Obama--eschewing massive gov
Cash Dinosaur: France Limits Cash Transactions to €1,000, Puts Restrictions on Gold; Bitcoin End Coming?
Central Bank Autonomy Is Under Attack ... Current events in Cyprus and Turkey hammer home a point that former Federal Reserve Chairman Alan Greenspan made in the memoirs he published in September 2007. - See more at: http://www.thedailybell.com/news-
Complete Currency Carnage...
Complete Currency Carnage...
Where is the Greek government going with its approach? Is it heading for a rift with Berlin and the other creditors or kicking up dust before it achieves a compromise?
Recently, SHTF has pointed out the rise of China and their aim to become a major part of the new global reserve currency, and hence a major weight in the new global order.
Their Way or the Highway
We've talked quite a bit in the past about the foreign oligarch demand-driven boom in Manhattan real estate prices and the dollar strength-induced bust in the market for luxury Miami condos.
Daily Bell: Hello. Thank you for talking with us again. How is your advisory business doing? Are you pleased with the results of your trades and forecasts?
Constant China Accommodation
France, Germany and Italy have all agreed to follow Britain's lead and join a China-led international development bank, according to European officials, delivering a blow to US efforts to keep leading western countries out of the new institution.
