Why US banks are no longer a big risk
It’s roughly ten years since the Global Financial Crisis started to gather steam. By the summer of 2007 it was …
Economic Crisis
Economic Crisis
US stocks back in 1929-style bubble
There have been three major bubbles in US stock market history. The biggest ran between 1997 and 2001, caused by …
Economic Crisis
The debt zombies will overwhelm us (again)
“To kill zombies you need to destroy their brains.” Such was the wisdom yielded by an internet search to solve …
Economic Crisis
Crisis bargains in today’s investment markets
This week OfWealth is looking at the idea of taking some of your investments on a “crisis vacation” from time …
Economic Crisis
US & UK: Opposite data, same conclusion!
When an economy gets into trouble, do people save more or save less? Recent and opposite data in the US …
Economic Crisis
Warning:These housing bubbles are bigger than 2006
Real estate matters. For most people, their house is their biggest asset. Banks usually lend more money against property than …
Economic Crisis
Is the collapse of US growth inevitable?
Over the past 150 years or so, today’s developed countries achieved their lofty status. Incomes and standards of living rocketed …
Economic Crisis
War on cash: The Curse of Kenneth Rogoff – Part II
There’s a major problem with banning popular things. It turns ordinary people into criminals. It happened with the prohibition of …
Economic Crisis
War on cash: The Curse of Kenneth Rogoff – Part I
Kenneth Rogoff, an establishment economics professor at Harvard University, is promoting his new book “The Curse of Cash”. In his …
Economic Crisis
Money and the “missing link” – Part II
Money is the oil in the economic machine. Without it all the gears would get jammed up. Most of the …
Economic Crisis
Money and the “missing link” – Part I
What is “money”? Do you know where it comes from? Not even one in a thousand finance professionals could answer …
Economic Crisis
Let’s print more money!
Last night, as I uncomfortably jetted southwards across the Atlantic ocean, a reminder of our strange times was hitting the …
Economic Crisis
Bond market or black hole?
“Black hole” noun: A region of space having a gravitational field so intense that no matter or radiation can escape. …
Economic Crisis
Not yet time to panic (probably)
There are pockets of distress in the world economy and financial system. The UK’s recent vote to leave the EU …
Economic Crisis
Is the Brexit panic over? Sort of…
The British vote for a “Brexit” from the EU has been followed by a week of high drama in British …
Economic Crisis
Has “Brexit” started a new global banking crisis?
The British vote for a so-called “Brexit” from the EU has resulted in some big market moves. Most notably, bank …