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GDP growth has only two basic components: growth in productivity and growth in the workforce size. That's it. There are two and only two ways you can grow an economy: increase the (working-age) population or productivity.
Chinese banks' bad loans are at least nine times bigger than official numbers indicate, an "epidemic" that points to potential losses of more than $1 trillion, according to an assessment by brokerage CLSA Ltd.
The current economic system is designed to fail, but so was socialism. That's according to former GOP Congressman Ron Paul, who told RT's Boom Bust to show that we need to go toward a system of property ownership, voluntary contracts, and individ
On April 12, in one of the easiest financial predictions in history, I challenged the notion that a €5 billion slush fund dubbed "Atlas" could possibly prop up €360 Billion of non-performing loans in Italian banks.
As a result of the dramatic surge in the S&P500 from its February lows, which erased the worst ever start to a year, and nearly regained the all time highs in the US stock market on a combination of a central bank scramble to reflate, the "Shanghai A
Water shortages will deliver 'severe hit' to world by 2050 - World Bank … Global water shortages are taking their toll.
But isn't SoFi cherry-picking loans? Absolutely. Why can't banks do this?
With the exception of emerging market countries in trouble like Brazil and Russia, and complete hyperinflation basket cases like Venezuela, can anyone name a central bank that genuinely wants a stronger currency?
Another "Conspiracy Theory" Confirmed: ECB Finds Widespread Trading On Leaked Inside Information
On a recent Monday in April, more than 100 executives from some of the world's largest financial institutions gathered for a private meeting at the Times Square office of Nasdaq Inc.
When one month ago, Italy was scrambling to unveil a "last resort" bad bank bailout fund (which eventually received the name Atlante, or Atlas, for the Titan god who was condemned to hold up the sky for eternity, only in this case he is holding up It
The Bank of Japan has been forced to retreat from further emergency stimulus after a blizzard of criticism at home and abroad, and warnings that extreme measures may now be doing more harm than good.
Hard on the heels of the Federal Reserve's latest decision to leave rates alone, we discover this Bloomberg opinion article explaining why the US government ought to issue more debt.
Japan has proven that decay can be stretched into decades, but it has yet to prove that gravity can be revoked by central bank monetary games.
Yields on $7.8 trillion of government bonds have been driven below zero by worries over global growth, forcing investors looking for income to flood into debt with maturities of as long as 100 years.
A debt reduction, budget easing, income generating strategy for the City of Santa Fe
In an interview posted on Swiss Finanz und Wirthschaft, Jeff Gundlach unleashes his deep ir, and in traditional style, offloads on both the Fed and all central banks, sayng that "negative interest rates are the dumbest idea ever", adding that the Fed
DHAKA (Reuters) - Bangladesh's central bank was vulnerable to hackers because it did not have a firewall and used second-hand, $10 switches to network computers connected to the SWIFT global payment network, an investigator into one of the world's bi
the world into chaos. Central bankers are going to destroy the "enfeebled" global economy and cause chaos across the world, according to notorious perma-bear Albert Edwards. Edwards, a strategist with Societe Generale, is about as bearish as they
On February 21, 2016, the Bank of England reported that it had partnered with researchers at University College in London to produce RSCoin, a digital currency designed for central bankers.
The Bank of England has announced a plan to launch its own Bitcoin-like cryptocurrency.
Britain and its European allies have announced new rules designed to be a "hammer blow" against tax evasion in direct response to the Panama Papers leak that exposed how the world's richest and most powerful people hide their wealth from tax au
Pam Martens and Russ Martens via WallStreetOnParade.com by way of ZeroHedge reports, Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman and CEO of JPMorgan Chase, on April 12 as a resu
There are many infamous con games that have been foisted upon the public for millennia.
Barely a day had passed since the historic admission of gold and silver price rigging by Deutsche bank, which as we reported on Thursday was settled with not only "valuable monetary consideration", but Deutsche's "cooperation in pursuing claims" agai
Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman and CEO of JPMorgan Chase, on April 12 as a result of its failure to present a credible plan for winding itself down if the bank fail
Iran Central Bank Governor: Some 'Unfrozen' Funds Still Inaccessible
Last week, the Wall Street Journal published an article on rising student loan default and delinquency rates on the same day Ryan McMaken posted about rising tuition and fees at universities across the country.
Fraud as a way of life caters an extravagant banquet of consequences.This can't be said politely: the entire status quo in America is a fraud.The financial system is a fraud. The political system is a fraud.
Wells Fargo, the most valuable bank in the US by market cap, is getting crushed by the oil crash. On Thursday, the San Francisco-based bank announced earnings that beat expectations. But underneath the positive headline number, the firm said its oi
