Lessons from Iceland, Where Offshore Created an Onshore Bubble Free of Rules and Regulations
In Iceland, the rapid growth of offshore, meaning tax evasion, along with harmful, even criminal, practices produced a massive boom and bust.
Read more...Category Archives: Doomsday scenarios
Nuland Tells Cyprus To Cut Russian Ties – Pressures Anastasiades To Accept Nato Plan For Turkish Troops In Cyprus
Victoria Nuland is leading a US effort to pressure Cyprus to accept a secret NATO plan to keep Turkish forces on the island.
Read more...Inequality Kills: Top 1% Lives 15 Years Longer Than the Poorest
Inequality kills, as the death gap between the richest and poorest rises to 15 years in the US.
Read more...Mania in Private Equity as Investors Throw Money at Funds
Private equity investors are throwing caution to the wind as even more money chases funds.
Read more...Trade Costs of Border Controls in the Schengen Area
Granular analysis of the cost of imposing border controls along refugee routes versus ending the Schengen system, as well as who has the most to lose.
Read more...So Which Eurobank is Having Dollar Funding Problems?
Which Eurobank has led the ECB to tap its dollar swap line with the Fed?
Read more...Watch Bill Clinton, Larry Summers, and Phil Gramm Have a Love Fest Over Repeal of Glass Steagall
Watch Bill Clinton heart financiers in 1998 and try to take it back in 2013.
Read more...Should Banks Be Worried About Apple Pay?
Will Apple Pay eat retail payment systems?
Read more...Tom Engelhardt: Donald Trump – Campaigning on America’s Decline
Trump’s campaign is proof of America’s decline….but not in the way you think.
Read more...Italy’s Atlas Bank Bailout Fund: The Shareholder of Last Resort
By Silvia Merler, former Economic Analyst in DG Economic and Financial Affairs of the European Commission (ECFIN) and an affiliate fellow at Bruegel. Cross-posted from Bruegel. In Greek mythology, Atlas the Titan was condemned by Zeus to eternally hold the weight of the sky on his shoulders. A mythological struggle that has recently made the […]
Read more...Will the Upheaval in Fossil Fuel Industry Take the Rest of the Economy Down With It?
What are the broader implications of the tsuris in the fossil fuel industry?
Read more...In America’s Drone Wars, Collateral Damage Comes Home
Why you should care about America’s drone wars: among other things, they radicalize populations against us and traumatize the operators.
Read more...Soros Warns of 2008-Like Debt Growth in China. How Risky are Its Banks?
Is China as at much risk as Soros suggests it is?
Read more...The Rise of the Right Wing Populist: Blame It on the Banks
Contrary to popular belief, the shift to the right is not due to immigration as much as the financial crisis and its aftermath.
Read more...Greece-Troika Train Wreck Shaping Up for July Despite IMF Leak
As hard as it seems to believe, the IMF is shaping up as a less bad actor in the continuing Greece austerity saga. Germany finance minister Wolfgang Schauble, by contrast, seems emboldened by Merkel’s fallen stature, which couldn’t come at a worse time for Greece.
Read more...