“The most overvalued equity market in history”
Category Archives: Economics
This is the fruit of heavy-handed government manipulation of prices…I call it price control. And even that is not the extent of government intervention in capital markets.
“Digging into U.S. growth economics and when the Fed could realistically hike rates, with Steve Ricchiuto, Mizuho Securities.”
Source: CNBC: No hike till mid-2016: Pro (February 10th, 2015)
Despite EU finance ministers failing to reach a banking deal, Jeroen Dijsselbloem, President of the Eurogroup, explains why he still thought the meeting was a success.European finance ministers have reached the basis of an agreement to wind down failing banks and share the costs, Eurogroup President Jeroen Dijsselbloem told CNBC following a 16-hour marathon negotiating session in Brussels.
The agreement is expected to begin with a Cyprus-style “bail-in” process in which major depositors in failing banks are tapped first in an effort to support the lender. (emphasis mine)
CNBC: EU set for more Cyprus-style bail-ins for troubled banks (2013-12-11)
ZeroHedge: Part 6 – How Likely Are Bail-Ins? Bank of England Says U.S. “Could Do Today” (2013-12-11)
ZeroHedge: Fidelity Now Allowing Bitcoins In IRAs (2013-12-11)