Fitch Ratings Ltd. is releasing a report today that points up the problems of having too much debt. Restructuring the debt of a person or a family (or a business), even when government programs help to formalize and regularize...
Read MoreIn Bloomberg Businessweek, Nouriel Roubini is quoted as saying “Zero interest rates are leading to an asset bubble globally…”What is an “asset bubble” and how can one identify it?Is an asset bubble...
Read MoreThe commercial banking system continues to contract. Loan volumes keep falling.Total assets in domestic commercial banks in the United States fell again over the past four weeks as the banking system continues to contract. From...
Read MoreDuring economic times like these, economists say that the Federal Reserve is “pushing on a string”. That is, the central bank has pumped a large amount of reserves into the banking system, yet banks are not lending,...
Read MoreThe basic monetary facts are these: commercial banks aren’t lending and the money stock measures are not really growing. On the surface, it looks as if we have what Irving Fisher called, in the 1930s, the makings of a debt...
Read MoreThe future of finance is wrapped up in information technology. First because the technology deals with information and secondly because the technology is rapidly improving, even as I write this sentence.In lectures I have given...
Read MoreJenny Strasburg captures the mood on Wall Street in her article in the Wall Street Journal this morning: http://online.wsj.com/article/SB20001424052748704515704575282982462922628.html#mod=todays_us_money_and_investing....
Read MoreTalk about a fundamentalist preacher! Paul Krugman continues to rely upon his inerrant interpretation of the dogmatic Keynesian worldview as he condemns those “sinners” that have followed another path from the one he...
Read MoreMore and more people are becoming aware of the fact that the problem in Europe is one of solvency and not liquidity! Yesterday, the European Central Bank warned “that euro-zone banks face a €195 billion in write-downs...
Read MoreBankers can’t have it both ways. Either they are going to have to honestly disclose their positions or they are going to face more and more intrusion into their operations. The honesty factor is a concern if banks continue...
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