Global Intelligence
Financial System
One hedge-fund manager, Pascal Forest, has taken the additional step of setting up his firm, Forest Investments LLC, in San Juan. Forest, a former portfolio manager at London-based BlueGold Capital Management LLP, said the tax incentives played into his decision to move to the island, as did his wife, who is Puerto Rican and wanted […]
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By Caroline Salas Gage and Liz Capo McCormick – Oct 14, 2013 The Federal Reserve is getting more involved in debt markets as it tries to compensate for the impact of its almost $4 trillion balance sheet on short-term interest rates. Policy makers are testing a new tool intended to improve their control of near-term […]
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Submitted by Simon Black of Sovereign Man blog, It’s become almost cliche these days to point out how many governments are broke beyond belief. In Japan, where the country’s debt level already exceeds 200% of GDP, the government has to finance 46% of its budget by issuing more debt. In the United States, the governments […]
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Some people argue that countries can’t default. But that’s false [16]. It is widely stated that the U.S. government has never defaulted. However, that is also a myth. Catherine Rampbell reported [17] in the New York Times in 2011: The United States has actually defaulted on its debt obligations before. The first time was in […]
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Chaos, Complexity, and Entropy PDF Chaos, Complexity, and Entropy A physics talk for non-physicists
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Further Reading: http://kahudes.net/
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There is a mathematical formula created by a professor at the University of Connecticut which appears to be predicting a huge social shift – and which may explain why we’re in the shutdown and debt ceiling crisis. Professor Peter Turchin has spent years developing a model that uses numbers to explain historical cycles – like […]
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WASHINGTON (Reuters) – Three of the world’s most powerful bankers warned of terrible consequences if the United States defaults on its debt, with Deutsche Bank chief executive Anshu Jain claiming default would be “utterly catastrophic.” “This would be a very rapidly spreading, fatal disease,” Jain said on Saturday at a conference hosted by the Institute […]
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10 October 2013 BERKELEY – The dollar is the world’s go-to currency. But for how much longer? Will the dollar’s status as the only true global currency be irreparably damaged by the battle in the US Congress over raising the federal government’s debt ceiling? Is the dollar’s “exorbitant privilege” as the world’s main reserve currency […]
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The markets shuddered slightly as the debt ceiling neared. The yield on short-term Treasuries has risen tenfold. Fidelity Investments sold off its short-term government debt. But the shudder was slight — and today saw a relief rally in equities on news that House Republicans might agree to suspend the debt ceiling for six weeks in […]
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