Tag Archives: Lehman

Former trader and author of best-selling book “The Black Swan” sat down for an interview with Bloomberg News to mark the upcoming thirtieth anniversary of the stock-market crash that occurred on Oct. 19, 1987 – otherwise known as Black Monday. Taleb famously supercharged his career – and earned a considerable sum of money (though turns out it was less than Taleb felt he deserved) – thanks to his trading profits from...

In its latest annual summary published at the end of June, the IIF found that total nominal global debt had risen to a new all time high of $217 trillion, or 327% of global GDP... ... largely as a result of an unprecedented increase in emerging market leverage. While the continued growth in debt in zero interest rate world is hardly surprising, what was notable is that debt within the developed world appeared to have peaked, if not declined modestly in the latest 5 year period. However,...

- Click to enlarge By Chris at www.CapitalistExploits.at If you were rich, successful, and intelligent – which often, not always, go hand in hand together – where would you live? The last time I was in the Rockies, I remember thinking to myself. You know what, if it weren’t for the fact it’s so damn far from the beach I could actually live here. It’s really quite lovely....

By Chris at www.CapitalistExploits.at If you were rich, successful, and intelligent - which often, not always, go hand in hand together - where would you live? The last time I was in the Rockies, I remember thinking to myself. You know what, if it weren't for the fact it's so damn far from the beach I could actually live here. It's really quite lovely. Bite-your-hand-to-stop-you-from-crying-out-loud-lovely and if, like me, you're a sucker for snowboarding, then it's pretty hard to be...

Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for? - Click to enlarge It is a decade since the first tremors of what would become the Great Financial Crisis began to convulse global markets. Across the world from China and South Korea, to Ukraine, Greece, Brexit Britain and Trump’s America it has shaken...

In February 2017 while preparing for a presentation in Gothenburg about central bank gold, I emailed Sweden’s central bank, the Riksbank, enquiring whether the Riksbank physically audits Sweden’s gold and whether it would provide me with a gold bar weight list of Sweden’s gold reserves (gold bar holdings). The Swedish official gold reserves are significant and amount to 125.7 tonnes, making the Swedish nation the...

Submitted by Koos Jansen from BullionStar.com After years of gradually securing its official gold reserves (unwinding leases) the central bank of Austria claims to have completed the audits of its 224 tonnes of gold stored at the BOE. However, it refuses to publish the audit reports and the gold bar list. What could possibly be so sensitive to hide from public eyes? After the Germans had activated a program to...

Following the seemingly endless procession of short-squeeze-fueling trial balloons last week – from settlement rumors to German blue-chip bailouts to Qatari investors – Germany’s Bild newspaper confirms the rumors that sparked weakness on Friday: Deutsche bank CEO John Cryan has failed to reach an agreement with the US Justice Department. John Cryan - Click to enlarge Having soared over 25% off the briefly...

Gold Surges 15% To £968 Per Ounce – BREXIT Creates EU Contagion Risk – Sterling and euro have fallen sharply on fx markets– Gold bullion surged 20% in sterling to £1,015/oz– Gold now 15% in higher in GBP at £967 per ounce– Gold 8% higher in EUR and 5% higher in USD– Stocks globally are down sharply – FTSE down 9%– European stocks down sharply– Euro Stoxx 50 Futures collapsed over 11% at the open– Bank shares are down 20% to 25%– Cameron has resigned – adding to uncertainty in markets–...

As Brexit appears to gathering pace among British voters, Bloomberg Briefs interviews Hung Tan, executive managing director at the Institute of International Finance in Washington, DC., to understand the global impact of a decision by Britain to leave The EU…    Q: What would happen if Britain voted to leave the EU?  A: It is not Lehman in the short term in terms of markets being in a panic or chaotic mood, because the...