financial crisis

  1. Degenerate Dutch Father Forces Family to Sell Everything So He Could Trade Cryptocurrencies

    Degenerate Dutch Father Forces Family to Sell Everything So He Could Trade Cryptocurrencies
    This is akin to a family of five selling their home, cars, and personal belongings, in order to finance Dad heading off to Vegas in order to play the fucking slot machines. What can go wrong, after all? Bitcoins only go higher. Source: CNBC Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The...
  2. The perfect economy right now 'is exactly when things may go wrong' warns major bank CEO

    The perfect economy right now 'is exactly when things may go wrong' warns major bank CEO
    Low rate environment puts banks under pressure, ING CEO says from CNBC. The CEO of a major European bank offered a stark warning for his industry on Thursday, suggesting that years of accommodative policy by global central banks could quickly turn sour. Low interest rates have been supportive for the world economy, according to ING Group's Chief Executive Ralph Hamers, but banks...
  3. How the ‘great central bank unwind’ could ignite the next financial crisis

    How the ‘great central bank unwind’ could ignite the next financial crisis
    As the Federal Reserve prepares to begin paring the size of its $4.5 trillion balance sheet next month, analysts at Deutsche Bank on Wednesday warned that what they have dubbed the “great central bank unwind” is one of several candidates for creating the next financial crisis. “When looking for the next financial crisis, it’s hard to escape from the fact...
  4. How Banks Hurt The Real Economy - FDIC's Hoenig To Senate

    How Banks Hurt The Real Economy - FDIC's Hoenig To Senate
    When tighter regulations were imposed on the banks after the Financial Crisis, the largest among them, the very ones that threatened to bring down the financial system, began squealing. Those voices are now being heard by Congress, which is considering deregulating the banks again. In particular, they claim that current capital requirements force banks to curtail their lending to businesses and...
  5. Janet Yellen Says A New Financial Crisis Probably Won’t Happen ‘In Our Lifetimes’ But The BIS Says One Could Soon Hit ‘With A Vengeance’

    Janet Yellen Says A New Financial Crisis Probably Won’t Happen ‘In Our Lifetimes’ But The BIS Says One Could Soon Hit ‘With A Vengeance’
    Federal Reserve Chair Janet Yellen is quite convinced that the United States will not experience another financial crisis for a very long time to come.  In fact, she is publicly saying that she does not believe that another one will happen “in our lifetimes”.  But there are other central bankers that see things very differently.  In fact, a new report...
  6. We Are Getting Very Close to an Inverted Yield Curve – And If That Happens a Recession is Essentially Guaranteed

    We Are Getting Very Close to an Inverted Yield Curve – And If That Happens a Recession is Essentially Guaranteed
    If something happens seven times in a row, do you think that there is a pretty good chance that it will happen the eighth time too?  Immediately prior to the last seven recessions, we have seen an inverted yield curve, and it looks like it is about to happen again for the very first time since the last financial crisis. ...
  7. Massive Government Preparations and Stockpiling Point to One Thing: "An Event Is Going to Happen"

    Massive Government Preparations and Stockpiling Point to One Thing: "An Event Is Going to Happen"
    The question is subtly Malthusian in nature: how to deal with the world’s teeming billions in one fell swoop while maintaining the existing social and political orders in all of the countries?  That order needs only to have one facade now: as Draconian an order that can be accomplished without throwing the world into a revolution against every government in existence.  The Draconian nature...
  8. Getting High on Cryptocurrencies

    Getting High on Cryptocurrencies
    There are now four times as many cryptocurrencies in circulation as fiat currencies. That's amazing. And encouraging. According to the Swiss Association for Standardization, which maintains the International Standards Organization database, there are 177 national currencies currently in use. That list generously includes four precious-metals and four bond-market units (codes XBA to XBD, for the curious). NUMBER OF DIGITAL CURRENCIES 753 The CoinMarketCap website...
  9. Why America’s Federal Reserve might make money disappear

    Why America’s Federal Reserve might make money disappear
    The Fed has signalled that it will soon reduce the size of its balance-sheet BEFORE the financial crisis, America’s Federal Reserve held assets worth around $850bn. Today, the central bank’s balance-sheet is more than five times as large, at $4.5trn. It grew during and after the financial crisis as the Fed purchased vast quantities of government bonds and mortgage-backed securities...
  10. The Next Subprime Crisis Is Here: 12 Signs That A Day Of Reckoning Has Arrived For The U.S. Auto Industry

    The Next Subprime Crisis Is Here: 12 Signs That A Day Of Reckoning Has Arrived For The U.S. Auto Industry
    In 2008, subprime mortgages almost single-handedly took down the entire financial system, and now a new subprime crisis is here.  In recent years, the auto industry has been able to boost sales by aggressively pushing people into auto loans that they cannot afford.  In particular, auto loans made to consumers with subprime credit have been accounting for an increasingly larger...

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