On the Chinese Wall of Steroids: Imbalances and Asymmetries
In a recent study by the McKinsey Institute total credit market debt in China is shown as the largest in the world, and that is only what we know of. The dangers are not limited just to China but are extended to the global financial system. In a world where financial...
Weekly Market Update
Market Action While equity markets in the U.S. pulled out small gains fixed income movements dominated discussion during this past week. Considerable moves in longer term bonds in the U.S. and Europe captured attention with benchmark rates hitting their highs...
Dioskouri Brothers Confronting a Joyful Disorder: Bonds, Yields, and Negative Equilibrium
Over the course of the last two weeks, we have been observing a twist in the bond markets. Yields are rising and consequently bond prices dropping. More than $420 billion worth of paper wealth has been wiped out in the bond markets across the globe. The rooster of...
Weekly Market Update
Market Action Thanks to a strong rally following the April jobs report U.S. markets were able to recover from their grizzly performance earlier in the week. Bonds also sold off, pushing yields higher and fueling the Financials sector’s leadership for the week. The...
Bitcoin Needs Smart and Safe Regulation
Blacksummit Financial Group is honored to share with its readers the following post from Lawrence Goodman. Mr. Goodman currently serves as the President of the Center for Financial Stability. As Mr. Goodman states: "My recent opinion piece for Roll Call explores how...
Monthly Barometer’s Forward-Looking Monthly Review: An Interdisciplinary View of our Complex Global Economy
Many pundits and investors are coming to the realization that we live in a world in which there is too much of too many things. There is too much debt of course, but also too much labour (as paradoxical as it may seem in an ageing world) and too much capital. This...
Weekly Market Update
Market Action Markets around the globe struggled to maintain their recent upward momentum this week. In the U.S. poor economic data sent markets on a spiral before recovering most of their losses on Friday. Materials and Energy were the leading sectors this week....
A Walk Down the Elysian Fields: Cicero Meets Maimonides to Discuss Imbalances and Negative Equilibrium
This past Monday we posted an article by Chairman Paul Volcker on the need for radical financial reform (see   http://stage.blacksummitfg.com/2978).  Chairman Volcker wrote “it is too clear that the federal financial regulatory structure is simply inadequate to head...
Meaningful Financial Reform
A few days ago The Volcker Alliance published its long-awaited report on Financial Reform. It is a historic report that needs to be read by all those who care about the stability of the global financial system. It is an honor to host Chairman Paul Volcker’s thoughts...
Weekly Market Update
Market Action Volatility stayed on at low levels throughout the week, as little macroeconomic data was reported and earnings held the spotlight. Notable names in the Telecoms, Consumer Discretionary and Technology sectors announced strong earnings to help propel those...
