Search Results for: recession

Federal Reserve cries wolf on interest rates yet again

Federal Reserve Janet Yellen

The Federal Reserve has once again found a convenient excuse for why they again won’t raise rates, but “may do so in December“. Time after time in recent months, they say they will raise rates in the future — most likely to give the illusion that the economy has recovered from the …

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How Stock Market Behavioural Finance Can Be Used on Consumers

Most people probably don’t realise that emotion and human feeling comes into the stock market analysis too. While it is largely a numbers game, and the industry and sector play a huge part – not to mention how the stock market itself is faring, two companies with similar numerical stats …

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Goldman Sachs buys $5.7 billion in toxic mortgages

Goldman Sachs toxic mortgages delinquent loans

Most banks hear “delinquent loans” and run, but Goldman Sachs is not most banks. The massive investment bank is greedily betting that it can squeeze value out of delinquent mortgages with a multi-billion dollar purchase of auctioned loans that have unpaid loan balances of $5.7 billion. The Wall Street Journal reports that the investment bank …

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European banks on the brink of collapse

Europe banking crisis Deutsche Bank

Top financial institutions in Europe have hardly been more vulnerable to an economic tremor, a situation worsened by the collapse of the German credit market as Berlin suddenly stopped issuing new debt. Europe’s top financial institutions are teetering on the edge of collapse as access to high quality debt products have created a liquidity …

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25 EU banks fail stress test

European banks

Nearly one in five leading European banks have failed the stress test conducted by the European Central Bank, which revealed a $31.2 billion (€24.6 billion) capital gap in 25 banks showing they’re not ready to withstand a three-year recession. The results of the EU-wide stress test were reported on Sunday …

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The Italian jobs? Unemployed youth clash with police in Italy

About 3,000 unemployed demonstrators have clashed with riot police in Naples during a protest against rocketing youth unemployment. The violence erupted in the city after a visit by Labor Minister Elsa Fornero and left 23 people injured. Protesters donned masks of the unpopular Fornero and waved banners calling for Prime …

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S&P to pay $1.4 billion settlement for defrauding investors

S&P Standard and Poor's

One of the world’s biggest credit rating agencies has agreed to pay United States prosecutors nearly $1.4 billion to settle claims it defrauded investors ahead of the 2008 financial crisis. Under the terms of the settlement acknowledged on Tuesday this week, Wall Street giant Standard & Poor’s will pay a …

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The Ups and Downs: Taking Risk When the Economy Fluctuates

The U.S. economy has always experienced some major highs and lows, and currently, is in a decent place. When the market is in the middle, meaning it could be better but it could also worse, it’s often referred to as the “Goldilocks Economy.” Certain aspects of the economy are healthy …

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Fed rate hike is the beginning of the end

Janet Yellen Interest Rates Federal Reserve

From Filip Karinja, for Birch Gold Group With the Federal Reserve set to meet next week to vote on what to do with interest rates, many are speculating that we may see a rate hike. This is something Janet Yellen has hinted at over the past few months but has kept delaying. Should …

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Citigroup managing director found dead, another banker ‘suicide’

Citibank suicide banker death

Citigroup managing director Shawn D. Miller was found dead in the bathtub of his New York City apartment, following what police suspect was a suicide in a year marked by suspicious banker deaths. Miller, 42, was the global head of environmental and social risk management at New York-based Citigroup, America’s …

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Will Americans Today Ever Be Able to Retire?

Americans retire today

We are living in very uncertain times.  Global tensions are mounting to new heights, and politicians on both the right and the left are polarizing. The future of Social Security and Medicare is uncertain. Even so, many Americans are unaware of the deeper crisis brewing quietly throughout the country—one which …

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Global economy at crossroads: time to hoard cash or gold?

Cash gold

From Filip Karinja, for Birch Gold Group The global economy is at a crossroads according to Mohamed El-Erian, chief economic adviser at Allianz Global Investors. The former Pacific Investment Management Company chief executive blamed central bank asset purchases (QE) for creating a distortion between the price of assets and their fundamentals. …

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More Mexicans are leaving the United States than entering

Mexican border Mexico

As Donald Trump vows to shield America from a deluge of Mexican migrants, he may be a bit flabbergasted by this fact: More Mexicans have actually left the States than entered it in recent years. The US saw a net decrease in Mexican residents from 2009 to 2014, a report by the …

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Ron Paul: America has already gone over the fiscal cliff

Ron Paul

US President Barack Obama demanded from Congress immediate action to prevent America from falling of a so-called fiscal cliff, but Rep. Ron Paul (R-Texas) says it might be too late to keep the country afloat. Speaking with Bloomberg Television on Thursday, the lawmaker who ran against Pres. Obama during the …

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IMF warns Federal Reserve not to raise rates

IMF Federal Reserve not raise rates

The International Monetary Fund has recommended that the US Federal Reserve abstain from any interest rate hikes in the near-term, a recommendation which was subsequently rebuffed by the Fed due to fundamental disagreements over how to approach economic policy. Kristian Rouz — The International Monetary Fund, a Washington-based global lender, has recommended …

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Global derivatives: $1.5 quadrillion time bomb

Finance chart derivatives

When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements (BIS) data show around $700 trillion in global derivatives.  Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – …

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Greece to tax cash withdrawals

Greece cash bank run ATM

Greece has revealed it will introduce a surcharge for all cashpoint withdrawals and financial transactions in a desperate attempt to prevent citizens withdrawing their money from the country’s beleaguered banks. Ministers hope the controversial move could raise as much as €180 million, which the Athens government hopes will help the country …

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