derivatives

Casino Capitalism and the Derivatives Market: Time for Another “Lehman Moment”?

Reading the tea leaves for the 2024 economy is challenging. On January 5th, Treasury Secretary Janet Yellen said we have achieved a “soft landing,” with wages rising faster than prices in 2023. But critics are questioning the official figures, and prices are still high. Surveys show that consumers remain apprehensive. There are other concerns. On December 24, 2023, Catherine […]

Casino Capitalism and the Derivatives Market: Time for Another ‘Lehman Moment’?

Reading the tea leaves for the 2024 economy is challenging. On January 5th, Treasury Secretary Janet Yellen said we have achieved a “soft landing,” with wages rising faster than prices in 2023. But critics are questioning the official figures, and prices are still high. Surveys show that consumers remain apprehensive. There are other concerns. On Dec. 24, 2023, Catherine Herridge, […]

The Looming Quadrillion Dollar Derivatives Tsunami

On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically important financial institution” (SIFI) as defined in […]

Lockdowns, Coronavirus, and Banks: Following the Money

It usually makes sense to follow the money when seeking understanding of almost any major change. The strategy of following the money in our current convergence of crises in late summer of 2020 leads us directly to the lockdowns. The lockdowns were first imposed on people in the Wuhan area of China. Then other populations throughout the world were told to “shelter in place,” all in the name of combating the COVID-19 virus.

For Victory Day: It’s Time to Think About Finally Winning WWII

75 years ago Germany surrendered to allied forces finally ending the ravages of the Second World War.
Today, as the world celebrates the 75th anniversary of this victory, why not think very seriously about finally winning that war once and for all?
If you’re confused by this statement, then you might want to sit down and take a deep breath before reading on. Within the next 12 minutes, you will likely discover a disturbing fact which may frighten you a little bit: The allies never actually won World War II…