The subprime mortgage market that crashed the global economy in 2008 was worth about $1.3 trillion. Today, a new subprime crisis is now upon us and has largely gone unnoticed. Paul and Ken assess what this means today and why the problems in the mortgage sector have not gone away even though conventional wisdom suggests that is indeed the case.
(Geo)politics
Europe’s Financial Nuclear Option Could Destroy Western Financial System
Tensions between the United States and Europe may be entering dangerous financial territory. As Washington signals renewed strategic interest in Greenland, reports suggest that European leaders are debating a dramatic retaliatory measure in what amounts to a financial nuclear option. [read more]
Economics
Is there more to the anticipated Fed interest rate cut?
We discuss the outcome of the latest FOMC meeting where it is widely anticipated the Federal Reserve will lower interest rates. [read more]
Economics
Financialization meltdown could be imminent
We assess why the stock market is the biggest bubble in financial history and why this is totally unsustainable and suggests a meltdown in financialization could be imminent. [read more]
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