Category Archives: Doomsday scenarios

Strengthening Russo-Turkish Alliance Stokes US-Russian Cold War

John Helmer describes why an upcoming meeting between Erdogan and Putin could represent a significant geopolitical shift.

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.

Italian Bank Failures Could Disintegrate the EU

How bad is the Italian banking mess?

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.

How the ECB is Officially Above the Law

If you think the US has trouble holding the Fed to account, we are in light years better shape than Eurozone citizens are with the ECB.

Study: Top Bank Execs Saw the Crisis Coming and Sold Their Company’s Shares

So much for the “whcouddanode” theory of the crisis.

Another Nail in the Brexit Fantasy Coffin: Germany’s Car Makers Are Not Cowed

More evidence that the idea that the UK would have a negotiating advantage in Brexit talks is not well founded.

Bullish Economists Are So Yesterday

The confidence fairy is having trouble getting liftoff.

COBOL and Legacy Code as a Systemic Risk

More on why legacy code at major banks is a ticking time bomb.

Is Brexit Moment a Lehman Moment? Fear Factor in Financial Crises

Comparing the market reaction to Brexit with key events during the crisis.

Will Italian Banks Tear Down Europe?

Will Italian banks be the detonator of a political and economic crisis?

Beyond Credit Rating to Stabilizing an Unstable Economy

The third part in a three-part series on how to fix what is wrong with credit rating agencies.

Instability in Capitalist Economies and a Better Way to Think About Credit Risk

Instability in capitalist economies comes from the quest for profit. And that has implications for credit ratings that are often ignored.

How Private Credit Rating Agencies Reinforce Global Economic Instability—and What We Can Do About It

A look at a fundamental point of failure in our financial system, rating agencies, and potential remedies.

Michael Hoexter: Democratic Party Platform 7/1/16 Draft Would Lock In Catastrophic Climate Change

Why the Democratic party plans for taking on climate change are grossly inadequate.