Tag Archives: financial crisis

Bank of America Sees a Replay of 1998 in Summer Pain Trades

Bank of America Corp. sees a foreboding parallel in the current direction of markets: 1998.

Emerging markets are crumbling under a strong dollar while tech stocks advance amid optimism over the U.S. growth trajectory — two ingredients that might be the makings of an annus horribilis like the one seen two decades ago, according to the bank.

Stock market crash: 1987, 2007 or 1937?

by Michael Roberts

Yesterday, the US stock market fell by the most in one day since mid-2007, just before the credit crunch, the banking crash and the start of the Great Recession.

India | India’s Demonetization “Shock Therapy”: State Sponsored Financial Repression

By Sridhar Chakravarthi Raman

If You Can’t Dazzle Them With Brilliance, Baffle Them With Bull.”– WC Fields

You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before.
-Rahm Emanuel,Former White House Chief of Staff in the Obama administration.

Belgium | No Need to Negotiate with Vulture Funds

Renaud Vivien

Since his victory in the November elections, the new President of Argentina, Mauricio Macri, has given priority to resolving the dispute between his country and “vulture funds” – investment funds that buy up heavily marked-down sovereign debt from hard-up States then instigate legal actions with the sole aim of making colossal profits. 1600% was the increase in value that a New York judge saw fit to demand of the people of Argentina in 2012. It is on the basis of this judgement, dubbed “the trial of the century” by some observers, that Macri is now negotiating.

China | China’s stock markets halted for day as shares tumble 7 pct

SHENYANG, Jan. 7, 2016 (Xinhua) — An investor looks through stock information at a trading hall of a securities firm in Shenyang, capital of northeast China’s Liaoning Province, Jan. 7, 2016. Trading was halted for the day on the Shanghai and Shenzhen stock markets Thursday morning after shares tumbled over 7 percent as the circuit breaker mechanism was triggered. (Xinhua/Yang Qing)