Switzerland

Is Canada The Next Hot Money Victim?

One of the interesting things about the Great Recession was how Canada’s financial system sailed through it largely unscathed. But instead of Americans learning from Canada, Canadians appear to have concluded that we had it right after all... and have started to behave like turbo-charged Americans

When Might The Pillaging End?

When the present debt bubble eventually pops, “governments will lose the economic power to continue their advance against economic freedom.”  Unlike the Depression of the 1930s, the country will not be the largely agrarian, highly-productive country of (generally) hard-working people. It will be a society of entitlement-conscious people, who will fail to rise to the occasion.

How The US Government Let A Giant Bank Pin A Scandal On A Former Employee

When the CFTC asked Gibson Dunn to come up with a list of individuals who should be on the subpoenas that the agency was preparing to send to UBS -- names that would determine the search terms that the bank used to sieve through millions of pieces of internal communications -- one was especially prominent: Tom Hayes.

S&P Futures Jump Ahead Of GOP Healthcare Vote, Ignore China Commodity Crash

S&P futures rose on hopes a successful Republican healthcare vote on Thursday will unlock the Trump fiscal agenda, while European shares jumped to a 20 month high on signs Macron is poised to win Sunday's French election coupled with reassuring corporate results, including strong earnings from HSBC, even as Chinese and Australian stocks fell as commodities, and iron ore futures particularly, tumbled.

Turkey's Barks And Bites

At the moment, Erdogan's priority is to win the referendum on April 16 that he hopes will change the constitution so that he can be Sultan-for-life. Picking fights with "infidel" Europeans might help him garner more support from conservative and nationalist Turks. When the voting is done, however, he will have to face the reality that an alliance cannot function forever with one party constantly blackmailing the other.