$4 Trillion Bank Sub-Investment Grade Derivatives Now More Than Financial Crisis Peak Part 2
Continued from Part 1 Just Who Will Be the Counterparty to These Credit Derivatives? There are two sides to every trade conducted; a buyer and a seller. When you buy a share of XYZ Corporation, you assume there will be a liquid market to sell that share when you are happy with your profit or fed up with your loss. But what would happen if there was no counterparty to that transaction? What would...
Read More$4 Trillion Bank Sub-Investment Grade Derivatives Now More Than Financial Crisis Peak Part 1
This article analyzes the top 5 banks future problems with the over $4 trillion sub-investment grade derivatives maturing in the next 5 years, an amount that is greater than at the peak of the financial crisis. Have we learned nothing? Did anyone in the financial media report on this? Banks Are Not Reducing Risk, But Taking On More There are over $600 trillion reported derivatives, most...
Read MoreThe Banking Crisis Is Far From Over Revisited – FDIC Troubles and Bank Shenanigans
In August of 2009 I wrote an article The Banking Crisis is Far From Over where I concluded banks were still threatened by bad assets, forced to pay higher premiums to the FDIC, and market to market accounting was at the center of a heated debate. When I wrote that article, 77 banks had failed and by the end of 2009, just 4 months later, the number of failed banks had almost doubled to 140. 22...
Read MoreThe Odds of Recession Is Over Version 2.0 Occurring Are as Likely as People Realizing Michael Moore is a Capitalist
In looking over some of the Peter Schiff was right videos from the past few years, I ran across one of CNBC’s regulars, Dennis Kneale’s predictions in June of 2008 that “the recession is over.” In this video Kneale uses the old axiom touted by some financial advisors and the media that the percentage you should invest in stocks is calculated by taking 110 minus your age. ...
Read MoreChallenging Financial Advisors on the Need to Diversify Into Gold
In a follow up to a recent article; Gold: Why Doesn’t Your Financial Advisor Recommend It?, I decided to take on the task of challenging a financial advisor on their understanding of how gold fits into one’s portfolio. First, you should know that I was a financial advisor for over 20 years. I left the business to follow my passion to write as described in my “About Doug”...
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4 Ways Gold Dealers Rip You Off!
