Brookings Institution’s Domenico Lombardi discusses the questions raised by the Troika-Cyprus bailout deal. Here is a direct link.
In all of the hopes for quick fixes, the elephant in the room which is now sitting on the chest of the Eurozone is a deepening recession which will only get worse as worried capital accelerates its efforts to leave the EU banking system. Here is a direct link.
Recent turmoil in Cyprus has focused the world’s attention on the issue of deposit insurance and what portion of bank deposits can or should be held harmless in a bank insolvency. Financial author Roger Lowenstein (When Genius Failed) reminds us of the history and shortfalls of bank deposit schemes in America since the early 19th century. See: NYT: There’s a reason for deposit insurance
The former FDIC chair joins Bill to talk about American banks’ manipulative practices and seeming immunity from real scrutiny or prosecution.Here is a direct link.
Cory’s Chart Corner
Sounds like he's saying big FAT sustainable dividends lie near the bottom. Yummy!
Paul Tudor Jones in an Interview with Patrick Oshaughnessy sums up and connects the valuation pieces of the overall market well:
“We’re 252% of stock market cap to GDP. In 1929 we were 65%. In 1987 we got to ~85-90%. In 2000, 170%.
If you think about the periodicity of
