global financial crisis

Who is responsible for the banking crisis that is unfolding in the US and Europe?

The Global Financial Crisis (GFC) was caused by credit bets that went sour and the current banking crisis by interest rate bets that have just started unfolding ...

published on : 16th April 2023

Credit Suisse takeover prevented Swiss economy collapse: Minister

Some 109 billion Swiss francs ($120 billion) have been put on the table between government guarantees and the liquidity made available by the Swiss central bank.

published on : 8th April 2023

IMF warns of ongoing financial risks following global banking turmoil

Non-bank financial intermediaries (NBFI) like pension and investment funds have grown dramatically since the 2008 global financial crisis, when regulators moved to toughen up the rules on banks.

published on : 4th April 2023

With fears of a global financial crisis taking hold, should you bet on gold and silver?

The simmering crisis in the global economy caused by the problems in the banking sector in the US and Europe has shaken the global financial system.

published on : 27th March 2023

If there is a new global financial crisis, then what will governments do?

The probable response is low rates, government support and generous infusions of money, the policies popularised by former Fed Chairman Alan Greenspan, the 'Maestro' to sycophants. But...

published on : 25th March 2023

In a new global financial crisis, where are the dead bodies buried?

The position is reminiscent of 2000 when the dotcom bubble deflated and also 2008. On both occasions, private funds did not fully recognise or report impairments...

published on : 24th March 2023

Lots of sound and fury on US debt, but not a crisis - yet

The debt challenge will keep unfolding over time, meaning that choices may become more severe as the costs of Social Security, Medicare and Medicaid increasingly outstrip tax revenues.

published on : 28th January 2023

Treasury Secretary Yellen warns of 'global financial crisis' if US defaults on debt

Yellen noted that the actual day on which the Treasury would no longer be able to use these measures is "quite uncertain," and could come as early as June.

published on : 21st January 2023