Tag Archives: BIS

It's more crucial now than ever for people to consider extracting a portion of cash from their bank accounts.

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Global Slowdown

The U.S. economy weakened appreciably in the first quarter of 2013. But what if this weakness persists into the second quarter just completed, and worsens still in the second half of this year? Q1 GDP, as reported on June 26th, was revised lower to just 1.8%. And various indications suggest that Q2 could come in slightly lower still, at 1.6%. Might the U.S. economy be guiding to a long-term GDP of 1.5%? That’s the rate identified by such observers as Jeremy Grantham – the rate at which we combine aging demographics, lower fertility rates, high resource costs, and the burdensome legacy of debt. Well, after a four-year reflationary rally in just about everything, and now with an interest-rate shock, the second half of 2013 appears to have more downside rather than upside risk. Have global stock markets started to discount this possibility?

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• BIS, The Central Bank of all Central Bankers: The Central Bank WAS Warned in 2003 (Repost)
• Roach: The Financial Crisis Isn’t Over (Video on page)
• Broke (Video Outtake)
• Earnings results at Swedish banks show large writedowns in Baltics
• Michael Covel on IndyMac (Video)
• CIT: More than $1.5 billion in losses, No FDIC Guaranteed Debt
• CNBC Attempts Assasination on Barofsky (Video)
  
• California Comes to Cowardly Compromise
• Commercial mortgages, mortgage re-sets to trigger NEXT U.S.down-leg
• Rep. Cliff Stearns not heart GS

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• BIS, The Central Bank of all Central Bankers: The Central Bank WAS Warned in 2003 (Repost)
• FSN News Hour Part 3A
• Ambrose Evans-Pritchard Says End of the Financial World is Nigh
• Ending the week on a positive note…
• Persistent Ignorance
• Denninger on CNBC Follow Up
• White House putting off budget update
• Bailouts could cost U.S. $23 trillion
• Fed member Lockhart calling a mea culpa on Fed policy
• CRE: I Think The Other Shoe Just Dropped (Chart on Page)
• USPS May Be Unable to Make Payroll in October and Retiree Health Plan Costs, Unions’ Letter to White House Says

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• BIS, The Central Bank of all Central Bankers: The Central Bank WAS Warned in 2003 (Repost)
• What Should a Central Bank Do When (Chart)
• Happiness Isn’t …
• Holders of Treasuries (Chart)
• Philly Fed Index Dissapoints (Chart)
• Whalen on Banking (Video)
• U.S. bank “earnings”: revenues falling, losses rising
• California closes state offices to save cash
• The Usual Suspects (Humor)
• State Tax (Chart on page)

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