The long-anticipated “hot autumn” begins as the European economy teeters on the edge of a largely self-inflicted stagflationary depression.More
IMF Just Flagged Another Multi-Trillion Dollar Threat to the Global Financial System: Open-End Funds
Open-end funds have grown significantly over the past two decades and now manage around $41 trillion in assets globally. And the risks they pose to the global economy are growing, says the IMF. More
Pressure Rises on Von Der Leyen as Pfizer CEO Backs Out of Testifying to EU Parliament Covid Panel
“After von der Leyen’s silence, Bourla had the opportunity to set the record straight in the European Parliament, but he preferred to slip away. Why all these secrets? What do they have to hide from European citizens?” More
European Systemic Risk Board Issues First Ever “General Warning” about “Financial Stability Risks”
The European Systemic Risk Board is essentially an offshoot of the European Central Bank. And central banks are normally the last to admit that a crisis is around the corner, if not already here.More
Fast-Shrinking TBTF Giant Credit Suisse is Living Dangerously
Time, money and options are fast running out for Switzerland’s second largest lender, Credit Suisse.More
The US-Led War on Drugs, Now in Its 51st Year, Just Hit a Major Snag in Colombia
After a million deaths in Latin America, Washington’s staunchest ally in the region, Colombia, just called time on the US’ “irrational war against drugs”.More
Digital Dollar and Digital Euro Just Took a Big Step Closer to Becoming a Reality
As the US government begins setting up the regulatory guardrails for a digital dollar, the EU forms a consortium, including Amazon and large EU banks, to develop a prototype for a digital euro.More
EU Hipocrisy Hits Dizzying New Heights as Commission’s Scandal-Tarnished President Pledges to Wage Global Fight on Corruption
Given EC President Ursula von der Leyen’s apparent allergy to basic transparency, she is the last person in Brussels to be leading the EU’s roll out of so-called “corruption sanctions”. More
Political Violence is on the Rise Again in South America
Political violence is back with a vengeance in South America, as death threats abound, coups d’états are foretold and assassination attempts are carried out.More
Big Banks in Australia and Canada are Leading the Way on Digital Identity
Canadian and Australian lenders will be the perfect guardians of people’s digital identity, thanks to their high levels of public trust. At least so say the banks.More
