Category Archives: Doomsday scenarios

35% Of Public Oil Companies Could Face Bankruptcy

Bankruptcy looms for many exploration and development companies, particularly US shale players.

The ECB’s Original Sin and Franco Modigliani’s Long View

Franco Modigliani foresaw how the ECB and the Eurozone architecture had an anti-growth bias and proposed remedies that were ignored.

The China Delusion

Why the path forward for China is fraught from both an economic and political standpoint.

Michael Hudson Discusses the Federal Reserve and the Global Fracture

Explaining how the Federal Reserve and central bank policies like QE, saved the banks at the expense of wrecking the real economy.

Hard Times for Italian Banks

The overview: “They argue that rather than spending time revising rules that have already been agreed, alternatives should be considered to make the guarantee schemes as effective as possible.” Translation: “Time to go back to the drawing board.”

Anyone Want to Buy Deutsche Bank?

Some more reasons why Deutsche Bank looks like one to avoid

Wolf Richter: Sudden Death? Junk-Rated Companies Headed for Biggest “Refinancing Cliff” Ever – Moody’s

A refinancing bulge is coming awfully soon.

Cyber Security and the Financial System – Why Technology Snake Oil Sells

How banks finesse cyber security risks despite hand waiving by governments and exhortations for the industry to “do something”.

Will German Sovereign Debt “Bail In” Scheme Destroy the Eurozone?

Germany is keen on implementing a sovereign bail-in plan that is certain to precipitate a crisis, but more likely a banking crisis than a breakup.

Satyajit Das: Age of Stagnation or Something Worse?

In The Age of Stagnation, author Satyajit Das has shifted from his usual wry detachment to a sense of foreboding.

Eurobanks: The Probable Point of Failure as Systemic Stress Rises

Why Eurobanks are the most likely fracture point if current economic stresses continue.

Former Central Banker William White on the Failure of QE, Danger of Negative Interest Rates

Former Bank of International Settlements chief economist William White criticizes central bank policies sharply, particularly negative interest rates.

Dean Baker Exposes How CBO Cooks Inflation Forecasts to Promote Deficit Scaremongering

Yet more funny forecasts from the CBO telling you why you can’t have nice things, like a better job market.

How Many Flints? America’s Coast-to-Coast Toxic Crisis

Flint is just the tip of the iceberg of lead poisoning in America.

Why the Market Freakout About Bank Stocks is Well Warranted

Bad loans are not the only reason to worry about banks. ZIRP and negative interest rates will bleed them to death, and Eurobanks are at real risk of bank runs.