Why the Crisis in Italy is Not Over
The structural roots of Italy’s economic problems.
Read more...Category Archives: Banking industry
Instant Payment Services – Payer Beware
How the New York Times does its readers a huge disservice by not telling them that so-called “instant payment services” are anything but that.
Read more...Shaky State of North-South Relations
North-South, or developed-emerging economy dealings, are becoming more contentious.
Read more...Financialization and its Discontents
Untangling the credit versus money focus in the critiques of financialization.
Read more...European Bank Shares Fall Out of Bed as Monte dei Paschi Rescue Fails to Reassure
Investors in European bank shares are in a bit of a panic, and for good reason.
Read more...John Helmer: The Collapse of Russian Real Estate Investment – Will Children and Chinese Tourists Save the Mall?
Why the plunge in Russian commercial real estate prices reveals the large role of money laundering.
Read more...The Politically Expedient German Scheme for Eurozone Sovereign Debt Bail-Ins
Yet another half-baked European bail-in plan.
Read more...Dumb Money Watch: ZIRP-Starved Insurers Beefing Up in Lending as Banks Exit the Pool
Insurers are going long risk at one of the worst possible junctures.
Read more...Italian Bank Failures Could Disintegrate the EU
How bad is the Italian banking mess?
Read more...Wolf Richter: US Homeownership at Lowest Level in Over 50 Years
Despite large subsidies to housing and mortgage finance. homeownership has plunged to 1960s levels.
Read more...Do “Unconventional” Monetary Policies Work?
A skeptical look at unconventional monetary policies: quantitative easing, ZIRP, and negative interest rates.
Read more...EU Gives UK a Brexit Poke in the Eye by Appointing Michel Barnier, Nemesis of the City, as Key Negotiator
European Commission President Jean-Claude Juncker achieved a significant win by appointing Michel Barnier as a lead Brexit negotiator.
Read more...Italy Bank Crisis Looming With Rush to Rescue #3 Bank, Monte dei Paschi
Frantic rescue efforts for Monte dei Paschi are underway but the current plans don’t look very viable.
Read more...Harry Markopolos Scores Again: State Street Settles for $382 Million on Foreign Exchange Fraud
Harry Markopolos exposed cheating of pension funds and mutual funds in foreign exchange trades,, with State Street the latest settlement.
Read more...How Much Do Shady Financial Practices Cost You, Exactly?
The average U.S. household loses over $100,000 to destructives activities of bankers and financiers
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