What Withdrawing QE4 Will Mean for Europe, Japan and the US

The Federal Reserve wants to wean the markets of the cash infusions that we have abbreviated to QE4 in the last spate of stimulus. So dreaded that we can’t even mention its name in full for some, you might add. The dreaded Q-thingy. QE4 has kept the US economy afloat for the past 6 months.…

Stiglitz: Fed Fell into Trap of QE

It looks like we are on for a big whacking bubble to burst and this time it looks like it will hurt for a long time. What’s to blame this time? Not learning from our mistakes! If Ben Bernanke was one of the students sitting in Joseph Stiglitz class at Columbia Business School, either he…

Stock-Market Crashes Through the Ages – Part II – 19th Century

Stock-market crashes saw the light of day more and more as the world became industrialized. The 19th century saw a rapid increase in their numbers. There’s money to be had at any time, whether the market is going up or down. But, it’s avoiding the downs and pulling out before the things start to go…

Home Repossessions up 11% in the USA in May

Repossessions! Home repossessions in the USA increased by 11% in May. Foreclosure filings (default notices and scheduled auctions as well as repossessions) were also up by 2.3% (148, 054) according to a report just published today by RealtyTrac. A total of 38, 946 homes ended up getting repossessed last month. The number looks like it…

Bonds: Grandfather Paradox

Call it what you will, a paradox, an en enigma, oddity or a mystery. The Grandfather Paradox, that neat conundrum whereby you could travel back to the past, kill your grandfather and then you would never be born, and so never be able to travel back in time to kill him. Impossible right? What has…

Greek Television: Holding Out!

Greek television journalists are holding out still today just less than 24 hours after being told that they are off the air. Condemnation from around the world came as the Hellenic Broadcasting Corp (ERT) was blacked out. Michelle Stanistreet from the British National Union of Journalists stated: “this is a terrible decision. It is a…