The bestselling Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream is more than a must read, it is a have to immediately read! Glantz covers the beginnings and the rash aftermath of the 2008 Subprime Housing bubble.
Source : Arte, Youtube, 23-09- 2019
En dehors de Wall Street, qui connaît BlackRock, le plus puissant gestionnaire d’actifs de la planète ? Enquête sur un acteur discret mais influent de la vie économique et politique mondiale.
Source : Truthdig, Chris Hedges, 15-12-2019
Mr. Fish / Truthdig
Source : ZeroHedge,
Quand la « banque centrale des banques centrales » sort son rapport trimestriel, le monde devrait y prêter attention.
Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades. Under the Federal Reserve Act, the central bank’s lending window is open only to licensed depository banks; but the Fed is now pouring billions of dollars into the repo (repurchase agreements) market, in effect making risk-free loans to speculators at less than 2%.
From the far distance sounded the muffled howling of a family of monkeys, monos gritones, passing the night in the crowns of the mighty trees. It echoed through the jungle like the roar of an angry mountain lion. Gruesome and terrifying, it seemed to tear the night apart, but it did not disturb the jungle. It sang and fiddled, chirped and whistled, whined and whimpered, rejoiced and lamented its ever-unchanging song with the constancy of the roaring sea.
Former Federal Reserve Chairman Alan Greenspan called Paul Volcker “the most effective chairman in the history of the Federal Reserve.” But while Volcker, who passed away December 8 at age 92, probably did have the greatest historical impact of any Fed chairman, his legacy is, at best, controversial.
Wall Street road sign with the New York Stock Exchange bearing American flags visible in the background. (Photo: Alex Proimos. Source: Wikicommons)
Hossein Askari
The Globe Post
Source : The New York Review of Books, David Graeber, 05-12-2019
Dana Schutz/Petzel, New York City
De plus en plus, ceux qui ont la responsabilité de gérer les grandes économies ont le sentiment que l’économie en tant que discipline n’est plus à la hauteur de sa mission. Elle commence à ressembler à une science conçue pour résoudre des problèmes du passé.
Source :Ruptures, 15-11-2019
Les taux d’intérêt négatifs favorisent les ultra-riches et le capitalisme financier, en menaçant les épargnants et les classes moyennes.
Par Jean-Michel Quatrepoint, journaliste, auteur notamment de Alstom, scandale d’Etat, Dernière liquidation de l’industrie, Fayard, 2015.
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