The anxiety over election uncertainty has sneaked into markets, leaving enough room for a bigger market volatility for this week. The CBOE Volatility Index (.VIX) had already soared 40% from 15.67 on October 28 to[…]
On August 18, 2016, Donald J. Trump tweeted, “They will soon be calling me Mr. Brexit.” Markets may agree. The uncertainty of November 8 vote may impact markets similar to the EU Referendum, which resulted[…]
On March 20, 2014, in the Fed’s Stress tests for Banks – 29 Passed and 1 Failed. While one bank was below par the rest seemed to have scored well. The real picture will be completed on March 26th,2014. Many raise questions on the stress test of banks. This article focuses on the basic key points of what bank stress results are and what are considered its drawbacks.
The year 2008 marked the advent of a financial crisis that began with a subprime scandal and mistakes made by credit rating agencies followed by the excesses of a financial capitalism that got seriously off track. This included the dissimulation of risks, unverified and highly complicated financial instruments, legal loopholes and the persistence of tax havens attracting a share of world savings that would be more justly used to finance investments and growth.In 2008, IMF had reported that these terrible lapses will cost the international banking system about a trillion dollars in the long-term.
A small focus on what Austerity is about and how Portugal is facing hard times after Greece and Ireland. Different economists have different analysis to make but traditional theories remain intact and this world meltdown seem to be questioning some theoretical approaches towards a more practical world.
The Budget Control Act was a poison-pill deal designed to force them to find a less austere compromise, but political power struggle meant no deal was done, and the deadline arrived. A combination of expiring tax cuts and across-the-board government spending cuts scheduled to become effective December 31, 2012 defines ‘fiscal cliff’.
According to the BIS, “The choice of Switzerland for the seat of the BIS was a compromise by those countries that established the BIS: Belgium, France, Germany, Italy, Japan, the United Kingdom and the United States. When consensus could not be reached on locating the Bank in London, Brussels or Amsterdam, the choice fell on Switzerland. An independent, neutral country, Switzerland offered the BIS less exposure to undue influence from any of the major powers. Within Switzerland, Basel was chosen largely because of its location, with excellent railway connections in all directions, especially important at a time when most international travel was by train.”