Further to my comments about the recent appointment of Bank of Canada head Mark Carney (ex Goldman alumnus) to lead the Bank of England in 2013, Zerohedge offers us this big picture graphic. It is now official that Goldman Sachs, masters of the global credit bubble, are fully manning the world financial system. Carney will also continue as head of the global Financial Stability Board for added prestige and effect. The leverage masters thrive while the global economy continues to suffer from their policies.

Follow
_________________________
Cory’s Chart Corner
In both directions. h/t @LanceRoberts
Lance Roberts @LanceRobertsThis is really pretty incredible.
US household holdings of equities and mutual funds reached a record 278% of disposable personal income in the second quarter of 2026, up from just 29% in 1982, amplifying the stock market’s influence on consumer spending and economic activity._________________________
Danielle’s Book
Media Reviews
“An explosive critique about the investment industry: provocative and well worth reading.”
Financial Post“Juggling Dynamite, #1 pick for best new books about money and markets.”
Money Sense“Park manages to not only explain finances well for the average person, she also manages to entertain and educate while cutting through the clutter of information she knows every investor faces.”
Toronto SunSubscribe
This Month
Archives
Log In
