by John E. Charalambakis | May 19, 2015 | Commentaries
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...
by John E. Charalambakis | May 14, 2015 | Commentaries
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...
by Lawrence Goodman | May 6, 2015 | Commentaries
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...
by John E. Charalambakis | Apr 28, 2015 | Commentaries
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...
by Chairman Paul Volcker | Apr 27, 2015 | Commentaries
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...
by John E. Charalambakis | Apr 22, 2015 | Commentaries
In its recent World Economic Outlook, the IMF questioned the sustainability of the current growth trajectory around the globe. This should not have been a surprise given the levels of unsustainable debts and liabilities around the world, as well as the fact that the...