Category: Finance & Economy

European Banks Get Crushed, Worst 2-Day Plunge Ever, Italian Banks to Get Taxpayer Bailout, Contagion Hits US Banks

Two days of breathtaking losses for the European banking shares after Brexit clearly shows the fragility of the banking sector there. Brexit is just one of the many possible triggers causing another banking crisis to flare-up.

June 27, 2016
In-depth topic: Bank bail-in

Canadian Bank Derivatives Exposures – 2016 Q1 update

In light of the recent bank bail-in legislation introduced by the Canadian government, here’s an update on how much the big 5 Canadian banks are exposed to derivatives, those toxic financial instruments of mass destruction which blew up the financial world in 2008 had it been not for the governments using massive public money to bail out the private banks.

June 11, 2016
In-depth topic: Bank bail-in

India Seeks To Renegotiate 47 Investment Treaties Because Of Their Corporate Sovereignty Clauses

Following the footsteps of South Africa and Bolivia, India is the next country trying to re-negotiate or cancel a large number of treaties with ISDS provisions.

June 7, 2016
In-depth topic: Investor State Dispute Settlement (ISDS)

The Case For A Super Glass-Steagall

The time of re-introducing Glass-Steagall to separate commercial and investment banking has long passed, but it is still not too late.

June 5, 2016
In-depth topic: Monetary reset

Peak Debt Part 3: Corporate debt

Part 3 of the peak debt series examines the state of corporate debt, how it is used and where it is heading.

June 1, 2016
In-depth topic: Peak debt

Mutiny Among The “Magic People” – India Central Banker Admits “The Ammo Is Almost Gone”

A rare moment of clarity from a lesser god: head of India’s central bank admits central banks and governments of rich countries are running out of ammunition for stimulating their economies… but they can never admit as much.

May 16, 2016
In-depth topic: Monetary reset

The TTIP and TPP trade deals: enough of the secrecy

At the risk of over-generalization, ‘gut feel’ tools are generally effective first rules, and the smell test is one of them. Case in point – the great lengths the governments go to hide the TTIP/TPP details from the public. The stinky smell is indicati …

May 9, 2016
In-depth topic: Investor State Dispute Settlement (ISDS)

Bank of North Dakota Soars Despite Oil Bust: A Blueprint for California?

Lawyer and public bank advocate Ellen Brown describes how the US one and only state-run public Bank of North Dakota remains profitable despite the epic oil price collapse, and how a state as big as California can starts its own public bank without cost …

May 2, 2016
In-depth topic: Monetary reset

Why TPP Is a Bad Deal for America and American Workers

Nobel economist Joseph Stiglitz: The most significant parts of the TPP pertain to investment, not trade. Tariffs among TPP countries are on average just 2.7%. It is possible to write a trade agreement that is fair to workers and provides broadly shared …

May 1, 2016
In-depth topic: Investor State Dispute Settlement (ISDS)

TTIP: UK Government found trade deal had ‘lots of risk and no benefit’ in its only assessment

The UK government’s own study, obtained through Freedom of Information, concluded that TTIP has lots of risks and no benefits – “Ultimately, we conclude that an EU-US investment treaty that does contain ISDS is likely to have few or no benefits to the …

April 27, 2016
In-depth topic: Investor State Dispute Settlement (ISDS)