Steve Baker Treasury Select Committee Compilation
Editor’s Note: In light of Steve being re-elected to the Treasury Select Committee here is a short compilation of some of last year’s highlights….
Jeffrey P. Snider: There Are No New Banks; Dodd-Frank Hits Five
Source: http://www.alhambrapartners.com/2015/07/21/there-are-no-new-banks-dodd-frank-hits-five/ Today is the fifth anniversary of Dodd-Frank, the erstwhile government response to assure that the Panic of 2008 does not repeat. It…
Zero Hedge: Portugal’s Debts Are (Also) Unsustainable
Portugal’s Debts Are (Also) Unsustainable Everyone seems to be focusing on Greece these days – a country so indebted that it needs even more loans…
David Stockman: Take Cover——Wall Street Is Breaking Out The Bubblies
Source: http://davidstockmanscontracorner.com/take-cover-wall-street-is-breaking-out-the-bubblies/ Let’s see. Google’s record market cap gain on Friday was actually a squeaker. At $66.9 billion it easily passed in one day the entire $50 billion market cap…
Doug Noland: Credit Bubble Bulletin
I’ve had similar feelings before, though I recall being less apprehensive. The years 1999 and 2007 are etched upon my mind. The bustling of…
Doug Casey: Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse
Source: Most of the World’s Banks – LewRockwell.com You’re likely thinking that a discussion of “sound banking” will be a bit boring. Well, banking…
Stockman: Why China’s Market Isn’t Fixed And The Global Bubble Will Keep Imploding
Source: http://davidstockmanscontracorner.com/why-chinas-market-isnt-fixed-and-the-global-bubble-will-keep-imploding/ China’s stock market is purportedly all fixed and Thursday’s 6% bounce is just the beginning. Indeed, Goldman Sachs has already reiterated that the whole thing…
A Complete Guide to European Bail-Out Facilities – Part 2: Target2 & EFSF / ESM
[This is from 2013, first published here http://bawerk.net/2013/09/05/a-complete-guide-to-european-bail-out-facilities-part-2-target2-efsf-esm/] Today we present the Target2-system and the fiscal bail-out facilities in our series on European efforts…
A Complete Guide to European Bail-Out Facilities – Part 1: ECB
[This is from 2013, first published here http://bawerk.net/2013/09/03/a-complete-guide-to-european-bail-out-facilities-part-1-ecb/] Over the last couple of years we have been tracking the various bail-out schemes concocted by ingenious…
Zero Hedge: The Greek Bluff In All Its Glory: Presenting The Grexit “Falling Dominoes”
[Source: http://www.zerohedge.com/news/2015-07-04/greek-bluff-all-its-glory-presenting-grexit-falling-dominoes] Earlier today, Yanis Varoufakis reiterated his core thesis driving the entire Greek approach from day 1 of its negotiations with the Eurogroup: “Europe…