Archive - Jun 13, 2015 - Story

Spiegle traces the history of German Chancellor Angela Merkel's relationship with FinMin Wolfgang Schaeuble who is leading the opposition against further aid for a Greek government he views as unwilling to accept economic realities. As the rift between the two deepens, Schaeuble has instructed the German finance ministry to draw up plans that would limit the fallout from a sovereign default.

For months, Hillary Clinton kept radiosilence unsure how to best address and respond to numerous accusations of impropriety involving the Clinton foundation, the "cash-for-speeches" fiasco, the various email scandals and countless other public issues that have dogged her second presidential campaign. Moments ago, she reappeared and is rolling out her 2016 presidential campaign with a speech at Roosevelt Island in New York City. Watch it live below.

Keynesian policy of manipulating economic “aggregates” through countercyclical macro-measures appeared to work when balance sheets were not stretched to the brink. The glaringly obvious result of such policies, gross capital consumption through malinvestments epitomized through a serial bubble economy, did not discourage our money masters. The best and brightest even suggest bubbles are the only remedy to what they believe is some sort of secular stagnation. Just as drugs, the abuser must increase the dosage to feel the same high and spend accordingly.

"If we have a sustainable solution, regardless of how difficult the compromise is, we will bear the burden because the only criteria are exiting the crisis and the bailouts."

Looking back at the Lehman Brothers collapse of 2008, it’s amazing how quickly it all happened. In hindsight there were a few early-warning signs, but the true scale of the disaster publicly unfolded only in the final moments before it became apparent that Lehman was doomed. Could this happen to Deutsche Bank?