And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
Paul Blusteinamazon.com
And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
The world’s governments thus find themselves in an ever-shrinking box. And all it will take to trigger the crisis is a return to historically-normal levels of interest rates. As recently as 2000, 30-year Treasury bonds yielded over 6 percent and 30-year mortgages cost 7.5 percent. Let rates return to those levels and the global financial system imp
... See moreJohn Rubino • The Money Bubble
Que vont devenir les technocraties de la dette et de la monnaie ? Contre vents et marées, ses hauts fonctionnaires, anciens comme nouveaux, tiennent la ligne : œuvrer au rétablissement du crédit de l’État, et maintenir les fondamentaux de marché en tant que source de véridiction. Jean-Claude Trichet réaffirme qu’il incombe à ces organisations d’inc
... See moreBenjamin Lemoine • La démocratie disciplinée par la dette (French Edition)
The title for the chapter on Japan is “A Bug in Search of a Windshield.” While the currency of the Land of the Rising Sun is very strong as we write, there are real structural reasons, as well as political ones, that lead us to predict that the yen will begin to weaken. At first, it will be gradual. But without real reform in government expenditure
... See moreJohn Mauldin • Endgame: The End of the Debt SuperCycle and How It Changes Everything
Meanwhile, effective statecraft is conspicuously lacking. Institutions have failed to adapt. No one today would design a UN Security Council that looked like the current one, yet real reform is impossible, because those who would lose influence block any changes. Efforts to build effective frameworks to deal with the challenges of globalization, in
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