Egypt

During the recent financial crisis no issue has aroused more passion than financial institution bailouts. The standard rationale for the bailouts has been one of necessity and fear: federal regulatory agencies must have more authority in order to respond to the crisis, or else the public will face terrible consequences. But does this rationale hold up to close inspection? In  Financing Failure , Vern McKinley approaches the topic by examining the policy decisions behind the bailouts and by showing their connection to previous government interventions. He brings under scrutiny the policy decisions made by the Treasury Department, the Federal Reserve, and the FDIC during the crisis of the 2000s and links them to policies that go back as far as the 1930s. This history of bailouts reveals that the genesis of financial crisis is government policy, be it the mismanagement of monetary policy during the 1930s or the political push to expand homeownership that helped cause the 2000s crisis....

Retail sales rose by a better-than-expected 1.6% in April as consumers resumed spending after unseasonably cold weather earlier in the year. However, the Office for National Statistics said the sector remained broadly subdued, and analysts said the underlying trend was "lacklustre". In the three months to April, sales rose just 0.1% on the previous quarter. April's figure was boosted by a 4.7% surge in petrol sales, after falling in March because of the snow disruption. "Retail sales bounced back in April, as petrol and other sales recovered from the snowfall. But the underlying position remains subdued with the volume of goods sold over the last six months broadly unchanged," said Rob Kent-Smith of the ONS. "Department stores declined following relatively strong sales last month, when their online sales were boosted during the adverse weather.

 Print Michael T. Snyder theeconomiccollapseblog.com/ There have not been so many trouble signs for the global economy in a very long time. Analysts are sounding the alarm about junk bond defaults, the smart money is getting out of stocks at an astounding rate, mortgage rates are absolutely skyrocketing, and Europe is already facing a full blown financial meltdown. Of course expectations that another global economic crisis will happen among the general population are probably at an all-time low right now, but the reality of the matter is that we are probably closer to a new one erupting than at any point since the last one in 2008. Since the last financial crisis our long-term debt problems  have just continued to grow , and there are many that believe that the next crisis will actually be far worse than what we experienced ten years ago. So how bad are things at this moment? The following are 12 indications that the next major global economic crisis could be just around the c...

ST. PETERSBURG — Sharing the floor with Russian President Vladimir Putin can test one’s patience. Especially if you’re a woman. International Monetary Fund chief Christine Lagarde was last to speak at the plenary session of Russia’s glitzy economic forum, the St. Petersburg International Economic Forum, on Friday afternoon, bearing a responsibility she compared to being married to Liz Taylor. “At this wonderful moment, I am the fifth, and incidentally, the only woman,” Lagarde told the large audience of mostly men. Her signature silver locks flicked across her brow, Lagarde said she felt like the actor Richard Burton, who, as Taylor’s fifth husband, “knew what was expected, but wasn’t sure how to be original.” This invited guffaws from Russia’s political and business elite — and a sideways smirk from Putin. French President Emmanuel Macron, squirming in his chair, seemed hardly capable of suppressing his laughter. After hours of onstage camaraderie by Putin, Macron, Japanese Prime M...

Hi  , my name is Jim Rickards. In the next 60 seconds I’m going to show you a letter I’ve just written to the President. You see, I’ve spent the last 40 years advising top government officials… In the late 1990s, for example, I worked with members of the Federal Reserve bank to save America from a $1.3 trillion banking crisis. It would have imploded the US economy. But thanks to my work, it never happened. After 9/11, I started working with senior military leaders at the Pentagon and the highest ranks of the CIA. And helped them develop a financial model to predict the next 9/11… by analyzing unusual activity in airline stocks. A few years later, in 2007, I delivered a message to the US Treasury. Warning them the housing collapse was about to get a whole lot worse. But in all those years… And despite all those threats to our nation… I never had to write a letter to the president of the United States… Until today! Take a look… I recently wrote this letter to the President… Warning h...