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Special Report on

Shadow Banking System Unravels

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The global economy, artificially boosted since the recession of 2008-2009 by massive monetary and fiscal stimulus and financial bailouts, is headed towards a sharp slowdown this year as the effect of these measures wanes. Worse yet, the fundamental excesses that fueled the crisis – too much debt and leverage in the private sector (households, banks and other financial institutions, and even much of the corporate sector) – have not been addressed. Private-sector deleveraging has barely begun. Moreover, there is now massive re- leveraging of the public sector in advanced economies, with huge budget deficits and public-debt ...
consists of non-bank financial institutions that play an increasingly critical role in lending businesses the money necessary to operate.
Why the U.S. Need Not Fear a Sovereign Debt Crisis: Unlike Greece ...
Last week, a Chinese rating agency downgraded U.S. debt from triple A and number one globally, to �double A with a negative outlook� and only thirteenth worldwide. The downgrade renewed fears that the sovereign debt crisis that began in Greece will soon reach America. That is the concern, but the U.S. is distinguished from Greece in that its debt is denominated in its own currency, over which it has sovereign control.  The government can simply print the money it needs, or borrow it from a central bank that prints it.   W e should not let deficit hawks and short sellers dissuade the government from pursuing that ... market research, surveys and trends
aussie world politics: Global Research Newsletter-Ellen brown
political viewpoint support good support positive change expose negetive-bad fair use of material used is claimed credit and acknowledgement is given to authors where possible please email sfrancesten@gmail if you are not happy about something Hopefully self educational for those that search for enlightenment with a sense of humour Why the U.S. Need Not Fear a Sovereign Debt Crisis: Unlike Greece, It Is Actually Sovereign By Ellen Brown URL of this article: Global Research, July 24, 2010 Web of Debt - 2010-07-23 Last week, a Chinese rating agency downgraded U.S. debt ... market research, surveys and trends


The collapse of General Motors
A report from the auditing firm Deloitte & Touche issued on Thursday confirms that General Motors, up until recently the world's largest automaker, is unable to pay its bills and stands on the brink of bankruptcy. Pointing to GM's continuing losses—$30.9 billion for 2008 and $82 billion over the past four years—the company's negative net worth and its inability to generate cash needed to conduct business, the auditors said that without billions more in federal loans there was "substantial doubt" GM could "continue as a going concern." Following the announcement, GM stock, which was selling for ... industry trends, business articles and survey research
Is the economic crisis over? |
points out that while the Federal Reserve has taken unprecedented action to bail out the banks, ordinary people are still feeling the effects of the crisis. May 22, 2008 NEXT TIME you hear Wall Street experts claim that the economy isn't doing too badly after all, check your wallet. You'll find a good deal less cash there, courtesy of fast-rising food and gas prices, while wages remain stagnant or shrink. Even at the peak of the 2000s boom, median family income failed to recover the losses from the last recession, the first time this has happened in an economic expansion since the Second World War. Now a further ... industry trends, business articles and survey research
The US Economy is Falling. Towards another Credit Collapse?
The Fed says US unemployment is likely to stay high for a long time, and that justifies zero interest rates indefinitely. The June Chicago Purchasing Managers Index was 59.1 vs. 59.7 in May. The employment component rose to 54.2 from 49.2 in May. New orders fell to 59.1 from 62.7. Homebuilder Lennar is cutting new home prices 15% as new orders fell 10%. KB Builders said new orders fell 23%, as new home sales fell 32%. The MBA Purchasing Applications Index fell another 3.8% week-on-week and was 36% lower year-on-year. The housing market is in serious freefall with builders scheduled to increase units by 535,000 this ... market trends, news research and surveys resources
The Dow at 1000? Regime Change for the Stock Market
Wall Street cannot see that a regime change has come to the markets, one in which corporations will be increasingly on the defensive, hounded by governments everywhere looking to raise tax revenue, and assaulted by a permanent buyers strike from consumers adjusting to their own drop in living standards. Image The financial press likes to talk up those occasions when the Dow presses on above 10,000. Such talk lately has become desultory, since it seems every other week the Dow lurches below 10,000 and then manages to climb its way back up. The market has been in this funk since February of this year, when the Dow began its most ... market trends, news research and surveys resources


Paul McCulley: The Reverse Minsky Journey and the Way Back
Apr 14, 2009 ... said, as he explained the course of financing within the housing market and the shadow banking system. Home financing followed Minsky's ... technology research, surveys study and trend statistics
FRB: Speech--Bernanke, Economic Challenges: Past, Present, and ...
This is a momentous time. During the past two and a half years, our nation has endured the worst global financial crisis since the Great Depression, a crisis that in turn helped cause a deep recession both here and abroad. During some of the worst phases of the crisis, a new depression seemed a real possibility. Fortunately, today the financial crisis looks to be mostly behind us, and the economy seems to have stabilized and is beginning to grow again. But we are far from being out of the woods. Many Americans are still grappling with unemployment or foreclosure, or both. Cities and states are struggling to maintain essential ... technology research, surveys study and trend statistics
Creating securities with no details about the underlying mortgages "was a perfectly sensible thing to do. No greed was necessary," says economist Bengt Holmstrom. Investors often prefer investments with no publicly available information and may move on to other investments if security creators are required to disclose too much information. May 2010 STANFORD GRADUATE SCHOOL OF BUSINESS —Yes, there is greed on Wall Street and most likely on your street too, but if we collectively attribute the current financial crisis to "devious intent," we may be condemned to relive it. That's the opinion of Bengt Holmstrom, a ...
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Did Fannie/Freddie cause this mess? | Ask MetaFilter
A co-worker and I are debating if Fannie and Freddie are at the center of the current financial meltdown we are experiencing. His hypothesis is something like Fannie and Freddie wanted to loan money to poor people, the democrats didn't want to stop that, and thus Fannie and Freddie made all the bad loans to poor people.. and finally the current meltdown.. My hypothesis (which I have stole and synthesized from a few sources) is that Fannie and Freddie have his issues of the years but the majority of the bad loans were made by unregulated institutions and so Fannie and Freddie are more of a victim of this crisis.. not the ...