WORLD


Governments across the world have rewarded the wealthiest individuals who were to a great extent responsible for their financial debacle at state expense. There are far better uses for scarce government funds, than to underwrite excessive risk   In February 2013, the then Federal...

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Moneylife Digital Team 14 May 2014
China’s 'Big Four' banks, which include ICBC, have long been criticised for high charges, poor service and their reluctance to lend to private companies A Chinese brokerage has fined its chairman two months pay — nearly one million yuan ($161,000) — after he publicly blasted the...

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Since the 2008 crisis, JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley have collectively become 37%, while 1,400 smaller banks have gone out of business. Is the problem of 'too big to fail'  now much worse than in the past? Human beings often...

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William Gamble William Gamble 28 April 2014
The slow down in Chinese realty is not critical at least in first tier cities. But many smaller cities are severely overbuilt and a correction is likely. And any air coming out of a Chinese property bubble will have an impact far beyond the courty Real estate is the probably the most...

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William Gamble William Gamble 21 April 2014
In a world of weak demand and oversavings, the last thing we need are policies that encourage income inequality. The people who benefit most from income inequality will use their political power to continue the process. It will eventually will hurt them as well I live in a small city in...

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William Gamble William Gamble 14 April 2014
Central banks remained focussed on consolidation, but encouraging smaller banks may be the way to push economic growth The International Monetary Fund (IMF) gave out some good news this week. They told us that the crisis was over. Well sort of. The Fund predicted that the strong economic...

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William Gamble William Gamble 18 March 2014
Default of one small solar company or one medium sized steel mill does not foretell an immediate collapse of the Chinese bond market. But it is a very clear warning of its direction It finally happened. A Chinese domestic bond has defaulted. It was the first default since the Chinese...

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William Gamble William Gamble 03 March 2014
Several countries need to deal with bad debt or NPA problem as quickly as possible. Opening markets to the most experienced, often-foreign, firms to purchase assets could be one of the solutions. Can anyone take this politically unpalatable decision In the late 1980s it was estimated...

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William Gamble William Gamble 24 February 2014
Are the US and other developed countries responsible for the emerging market issues? Or in the alternative, are the all the emerging market troubles home grown? It will be interesting to see who the developed countries blame when the problems they created for emerging markets return home

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William Gamble William Gamble 10 February 2014
The dramatic reversal of the Japanese market’s fortunes in past month might be a preview of things to come and an abject lesson in the dangers of monetary experiments Since the end of December, the Japanese market has been falling like a rock. Since it reached its high late last year, it...

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AK Ramdas AK Ramdas 07 February 2014
India needs to allow Iran to open accounts in banks other than UCO Bank and from all the major port cities, which would result in increased trade between the two countries It may be recalled that Iran signed on 24 November 2013 an accord with US and European Union (world powers, really),...

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William Gamble William Gamble 27 January 2014
Throwing good money after bad is never a good idea, but if you put too much stress on an overleveraged system, you risk a systematic impact. Either way, the Chinese government, like other governments, will reap what they have sown. The only question is when? Default. It is an ugly word....

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William Gamble William Gamble 20 January 2014
The real problem with present day peer-to-peer or P2P lending is, several times, lenders are clueless about financial health of the borrower. This is because the information used by the P2P lenders comes from the borrowers and can be inaccurate or intentionally false Peer-to-peer (P2P)...

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AK Ramdas AK Ramdas 17 January 2014
If details can be worked out, there could be substantial trade with Pakistan via the land border at Wagah, instead of indirect trade through UAE Just about twenty years ago, in 1996, India extended the ‘Most Favoured Nation’ (MFN) status to Pakistan, and it was expected that they would...

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Moneylife Digital Team 07 January 2014
Yellen, described by Obama as the country’s most respected economists, is expected to be sworn in on 1st February as head of US Fed The US Senate has confirmed appointment of Janet Yellen as the head of the Federal Reserve, making her the first woman to lead the world’s most powerful...

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William Gamble William Gamble 06 January 2014
We have some idea now what happens when stimulus programs are instituted. But what we don’t know and will soon find out is what happens when these programs are ended. No doubt the predictions will be very wrong again In the story entitled Silver Blaze, the great detective Sherlock Holmes...

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William Gamble William Gamble 30 December 2013
Free money from the US Fed allowed Turkey, South Africa, India, Brazil, and Indonesia and others to run deficits as their higher interest rates created a demand for their bonds and currencies. Now that has reversed So far the markets seem to have taken the US Federal Reserve’s (Fed)...

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William Gamble William Gamble 23 December 2013
Centralised systems have done everything possible to pursue stability at all costs increasing the probability of a large failure. Like the Fed, the Chinese have tried to stabilize their system and now may have to pay the costs Well, it finally happened. After over seven months of...

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Jake Bernstein  and   Jesse Eisinger (ProPublica) 19 December 2013
There have now been more than $435 million in SEC settlements regarding one of the most notorious groups of mortgage securities deals behind the financial crisis Five years after the financial crisis, the Securities and Exchange Commission appears to be wrapping up its investigation into...

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AK Ramdas AK Ramdas 17 December 2013
The "aam aadmi" of India and Pakistan is not really interested in the politics, but wants to carry on with life on a day-to-day basis Pakistani foreign office spokesperson, Aizaz Ahmed Chaudhury said, India and Pakistan need to address the mistrust that exists between them, responding to...

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