not-bono-ever
meh
How Goldman Sachs Lost $1.2 Billion of Libya’s Money
article on Goldman Sachs ripping Gadaffi for a billion
article on Goldman Sachs ripping Gadaffi for a billion
Wires saying fat finger trigger accident caused based carnage blip. totes unsound gossip says thin volumes at that time of the morning may have proved too much of a lure for a rascal to move the market and take advantage.No idea where this is coming from
I am going for deliberate manipulation to take advantage of depth issues.
Fuck the markets and fuck the banks
Has anyone seen anything good on the devaluation of sterling and inflation?
This has to lead to inflated prices soon right?
EU imposes import duties of up to 73.7% on cheap Chinese steelGlobal finance ministers and central bankers are descending on Washington this week with a central concern in mind: fear that the modern age of globalization is hitting a wall. Last year’s $646 billion in foreign direct investment in rich economies represents a 40% drop from the peak before the financial crisis. International lending, as measured by cross-border banking claims at the Bank for International Settlements, is down nearly $2.6 trillion, or 9%, over the past two years. International trade this year will grow at the slowest pace since 2007, according to the World Trade Organization, which has slashed its forecast for growth in global trade volumes to 1.7% in 2016 from a previous estimate in April of 2.8%.
Imports among the world’s 20 largest economies have fallen as a share of their GDP for four consecutive years, and growth in demand for shipping containers fell to 4% this year after four decades of double-digit expansion. As financial officials gather in the U.S. capital this week at semiannual meetings of the IMF and the World Bank, there is widespread concern that this global malaise could worsen if nations intentionally turn inward. Too many politicians are backing trade barriers in a misguided effort to boost national growth in the short term, said Roberto Azevedo, director general of the WTO. “The medicine that is being often prescribed is protectionism, and that is exactly the kind of medicine that is going to hurt the patient, not help him,” he said.
Another interview with Michael Hudson.Weak global trade, fears that the U.K. is marching towards a hard Brexit, and polls indicating that the U.S. election remains a tighter call than markets are pricing in have led a bevy of analysts to redouble their warnings that a backlash over globalization is poised to roil global financial markets—with profound consequences for the real economy and investment strategies.
From the economists and politicians at the annual IMF meeting in Washington to strategists on Wall Street trying to advise clients, everyone seems to be pondering a future in which cooperation and global trade may look much different than they do now.
On his show on Russia Today? I used to regularly read zerohedge and maxkeiser but the politics is suspect and their predictions were well off.....he interviews alot of people who are interesting & no one else gives any exposure to...
unlike the rapture this is really happening thoughIsn't a lot of this stuff an economics version of the Rapture? End of days chiliastic orgasms.
Isn't a lot of this stuff an economics version of the Rapture? End of days chiliastic orgasms.
Ah, Noxion, I am not referring to the wider effects of economics (although I still question whether most classical economics has any validity as some sort of reliable scientific theory and not fantasy obscurantism)...just the rash of often lurid articles which gleefully threaten us with doom and destruction. I am far, far more exercised about the environmental depredations of uncontrolled capitalism than about imaginary monetary configurations.
Wealth exists in fertile topsoil and a healthy biosphere...not some crappy bond scheme.
Plus I'm suspicious of the fact that in pretty much every generation there has been certain segment of the population convinced that they were living in the End Times, and in every case they have been utterly wrong.
apols, Noxion - forum etiquette quote failSounds like you just prefer your apocalyptic fantasies to have an environmental flavour, to be honest.
Let me be clear, that while many current practices relating to the environment (including but by no means limited to e.g. climate change and topsoil erosion) aren't without their massive problems that will negatively affect the quality of life of billions across the globe, histrionic screeching about the Revenge of Gaia is just as wrong and pointless as the maundering of those survivalist wankbags who near the start of this century predicted that by now Peak Oil would have us living in a post-apocalyptic dystopia populated by steely-eyed sociopaths who would slit your gizzards for a dribble of muddy water. Those who don't find such self-flagellating misanthropy appealing will remain unconvinced, and for those who do find the message credible the likely outcome is paralysis, because if the world is inevitably fucked, why bother trying to save it?
Either the world can be fixed, in which case dwelling on the worst case scenarios is morbidly misguided at best and actively perverse at worst, or the world can't be fixed, so why bother spending the last days of the good times worrying about the inevitable?
Plus I'm suspicious of the fact that in pretty much every generation there has been certain segment of the population convinced that they were living in the End Times, and in every case they have been utterly wrong.