Neil Irwin had an Upshot piece trying to work through some of the fallout from the vote to leave the European Union. It is worth elaborating on a couple of the points in this piece. First, Irwin seems to give financial markets undue credit in having a clue. Show More Summary
This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for June 2016. Changes and comments from surferdude808: Update on the Unofficial Problem Bank List for June 2016. During the month, the list fell from 206 institutions to 203 after four removals and one addition. Show More Summary
The aftershocks of Britain's decision to leave the European Union are being felt here in the U.S. President Obama and presidential candidates Donald Trump and Hillary Clinton all weighed in on the decision on Friday. Errol Barnett reports.
Gillian Tett, U.S. managing editor of The Financial Times, joins "CBS This Morning: Saturday" to discuss the economic fallout from the so-called Brexit decision and whether it could lead to a domino effect in Europe.
Now that Great Britain has decided to leave the European Union, the next step may be to decide when. The vote could open the door for other countries to leave the EU and Great Britain itself could break apart. Fifty-two percent of the British electorate voted to leave EU, which sent global stock markets falling. Show More Summary
"Britain's exit from E.U. sends global economy into a tailspin." That was the headline of a Washington Post article on the vote in the U.K.. If you missed the tailspinning economies that's because this is just Washington Post hysteria. Show More Summary
Getting a better picture on Brexit: the underlying class and economic stresses and how that might play into what happens next.
Michael Hudson discusses some of his favorite themes; debt deflation, the high cost of consumer debt, negative interest rates.
The proposed vote of no-confidence in Jeremy Corbyn worries me: I fear it is based in part upon three motives that are wrong, one of which is plain vicious. The first of these wrong motives is that Mr Corbyn was...
Our weekly commentaries provide Euro Pacific Capital's latest thinking on developments in the global marketplace. Opinions expressed are those of the writer, and may or may not reflect those held by Euro Pacific Capital. By: Peter Schiff Friday,...Show More Summary
The Bitcoin price got a healthy 8.8% pop from the shocking vote in Britain to leave the European Union, otherwise known as "Brexit." The post Why the Bitcoin Price Rise on Brexit News Matters was originally published at The Wall Street Examiner. Follow the money!
Oil Prices After Brexit: Crude oil prices around the world are falling in the wake of the biggest event in British history. The post Oil Prices After Brexit: Where the Market Is Headed Now was originally published at The Wall Street Examiner. Follow the money!
At long last the tyranny of the global financial elite has been slammed good and hard. You can count on them to attempt another central bank based shock and awe campaign to halt and reverse the current sell-off, but it won’t be credible, sustainable or maybe even possible. Show More Summary
Blockchain and Bitcoin are gaining popularity, threatening banks and financial systems the world over. The post Why the Fed Is Embracing This “Fintech Tsunami” was originally published at The Wall Street Examiner. Follow the money!
Martin Luther King, Jr. (1965): [Address at the Conclusion of the Selma to Montgomery March](http://kingencyclopedia.stanford.edu/encyclopedia/documentsentry/doc_address_at_the_conclusion_of_selma_march.1.html): "If it may be said of...Show More Summary
(June 24, 2016 08:06 PM, by David Henderson) Both co-blogger Scott Sumner and blogger David Beckworth argue that the Brexit vote is a large monetary shock. To be a monetary shock, it has to be either (1) a shift in the supply of money or (2) a shift... (0 COMMENTS)
Unless the whole United Kingdom lines up for Brexit confessionals—The Only Way Is Brexit, anyone?—we don’t have much, beyond geographical voting data, to help us understand the souls who just delivered this momentous political upheaval. But...Show More Summary
From Matthew Graham at Mortgage News Daily: Single Best Day For Mortgage Rates in More Than a YearFrom yesterday's most prevalent conventional 30yr fixed quote of 3.625%, we're now easily down to 3.5% for most lenders. A few of the most aggressive lenders are already down to 3.375% on top tier scenarios. Show More Summary
In a development that should surprise nobody, Donald Trump has found a way to blame President Obama for last night's Brexit vote. Or maybe blame is the wrong word. Trump is happy with the United Kingdom’s decision to bail on the EU, after all. Show More Summary