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Daily Archives: April 14, 2016
The self-defeating madness of negative rates
BlackRock’s Larry Fink made news today with the obvious statement that negative and low interest rates around the world are crushing savers and investment, making these policies “the biggest crisis globally.” Zero and negative rates are digging an insurmountable hole … Continue reading
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Global oil glut still building
The International Energy Agency forecasts that sluggish growth in China and Europe will reduce oil demand growth to 1.2 million barrels a day in 2016, down from 1.8 million barrels a day in 2015. At the same time major producers … Continue reading
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CA sues Morgan Stanley for ‘massive harm to public-sector workers’
In terms of their profits, fraud is the dominant business model of investment banks. Today they are still being allowed to pay cost-of-business-fines and continue. And we the people, keep paying a crushing price in capital losses and deficits in … Continue reading
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