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What is looking to be the largest banking scandal in the history of the world is unfolding before our very eyes this month, and yet most Americans know little or nothing about it. The allegations are that some of the largest banks in the world (at least 22 so far) have been “price-fixing”...
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In my letter earlier this week, our guest writer, Grant Williams, gave Europe about the same odds of escaping crisis as a pitcher throwing a perfect game in baseball. That's 40,000 to 1. Take a look at this decision tree on Europe (below) from STRATFOR, a private intelligence company. Looks like...
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Pushing on a String Let's Shift the Focus An Invitation to an Inflation Party Ten Years and Counting This week the Fed altered their end-of-meeting statement by just a few words, but those words have a lot of meaning. It seems they are paving the way to a new round of quantitative easing (QE2), if...
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We're bombarded with information from the minute we wake up until the second we fall asleep. I was watching a news network last night for 45 minutes and the exact stories started coming back around. Nothing new to report, but the same topics on repeat, with the rare nominal development. When I need...
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This week we visit an essay from an old friend of Outside the Box, Paul McCulley, the Managing Directpr of PIMCO. This is a speech he did at the Minsky Conference sponsored (I believe) by the Levy Institute. It was also the same speech he gave at my conference mid-April that was quite well received....
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The day after the U.S. Presidential election last November, the satirical weekly The Onion led with the headline “Black Man Gets Nation’s Worst Job”. The July 12 lead article in the South African non-satirical weekly, The Mail & Guardian, makes it clear that Barack Obama has no...
Posted to
Global Emerging Markets (GEMs)
by
Anonymous
on
07-17-2009
Filed under:
Filed under: South Africa, Zimbabwe, Africa, expropriation, political risk, banking, mining, black empowerment, investment risk, nationalization, Zuma
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Construction Lending: The Next Shoe to Drop Lehman at the Center Iceland Guarantees What? Letters of Credit: Going, Going Gone? What to Do and Where Do We Go from Here? London, Stockholm, and California I have been writing for almost a year that the next shoe to drop on US banks would be commercial construction...
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Who's Afraid of a Big, Bad Bailout? It's the End of the World As We Know It The TED Spread Flashes Trouble The Transmission Mechanism Let's Make a Deal Colorado, California, London, and Sweden "A tournament, a tournament, a tournament of lies. Offer me solutions, offer me alternatives...
Posted to
Thoughts From The Frontline
by
John Mauldin
on
09-27-2008
Filed under:
Filed under: Recession, Bond Market, Risk, Subprime, Euro, Regulation, Economic Crisis, Banking, TED spread, Lending, SIV, Bailout, Joe Barton
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Thoughts on the Continuing Crisis Fool Me Once, Shame on You Delinquencies and Foreclosures Spike UP Unemployment Rises to 6.1% Action Is Needed Now Annapolis, La Jolla and Wedding Videos We are entering the next stage of the credit crisis, and one which is potentially more troubling than what we have...
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It's All About the Spread The Coming Bank Credit Crunch More Thoughts on Fannie and Freddie Who Is Holding the Old Maid? Baltimore, La Jolla, South Africa, and London When is the credit crisis going to end? How will we know? The credit crisis is getting ready to enter its second phase. This week...
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It's More Than Freddie and Fannie The US Banking System Is in Trouble $500 Billion and Counting Fannie, Freddie, and the Credit Crisis Baltimore, La Jolla, and South Africa Yet another crisis confronts us, as we will have to deal with the aftermath of a rather large number of bank failures over the...