Daily Archives: June 12, 2013

Record student loan burden about to compound

“Student debt in the U.S. stands at a record high of $1.1 trillion– it now surpasses both auto and credit card debt. According to a study by Fidelity 70% of the class of 2013 is graduating with about $35,000 in … Continue reading

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Submerging markets

Emerging markets, even the new Asia tigers, have tumbled on expectations of higher US interest rates. James Mackintosh, investment editor, analyses the implications of hot money outflows for currencies and equities. Here is a direct video link.

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Rate rigging and front-running clients in the ‘wild west’ of bank trading

Ho hum…every major asset market in the world is unfairly manipulated and rigged by a few at the expense of the many in our wild west financial system. Quite a cesspool on our hands. So much for efficient markets and … Continue reading

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Global rescession likely in 2014

This is a rare brave call from a big firm strategist. He will not be loved at the office. State Street Bank & Trust’s Fred Goodwin discusses the likelihood of a global recession in 2014. Here is a direct link.

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Citigroup blowing up encore?

Well it has been 5 years since the banks were last begging at the taxpayer till…which historically means they are due back any day now for their next tranche of bailout. And since nothing at all has changed their risk-seeking-on-leverage … Continue reading

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Shilling: age of deleveraging still driving US Treasury yields lower

Gary Shilling, president of A. Gary Shilling & Co. and a Bloomberg View columnist, talks about Federal Reserve policy, the U.S. economy and bond market. Here is a direct link.

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