Bank Failures in Asia
Bank Run Rumors, Gold/Silver Soars & Obama's trip to AsiaMay 25, 2011
Video about rumors of a bank run, Obama's trip to Asia, the latest unemployment news, 42 million people on food stamps, bank failures gold prices rising and oil prices increasing. Economy Picks Up 151000 Jobs, Rate Steadies at 9.6% www.cnbc.com Oil hits six-month peaks on falling dollar, Fed move www.breitbart.com More working families getting government food aid www.google.com Labor Force Participation Rate Drops To 25 Year Low, At 64.5% www.zerohedge.com Canadian Unemployment Rate Down To 7.9%, But Economy Adds Few Jobs www.rttnews.com US Pending Home Sales Unexpectedly Drop 1.8% In September www.rttnews.com Pace of US bank failures not seen in 2 decades www.msnbc.msn.com Gold sets record; other commodities chalk up gains news.yahoo.com Oil above $87 in Asia, at highest since early May apnews.myway.com Obama leaves election wreckage for Asia www.google.com Obama: India creates, not poaches, jobs www.sltrib.com Harley-Davidson to build bikes in India articles.cnn.com No, Pentagon says, Obama will not be guarded by 34 ships www.google.com The Lone Dissenter: Thomas Hoenig Hits Seven blogs.wsj.com Obama announces trade deals with India worth billions www.msnbc.msn.com
13. Banking: Successes and FailuresMay 11, 2012
Financial Markets (ECON 252) Banks, which were first created in primitive form by goldsmiths hundreds of years ago, have evolved into central economic institutions that manage the allocation of resources, channel information about productive activities, and offer the public convenient investment vehicles. Although there are several types of banking institutions, including credit unions and Saving and Loan Associations, commercial banks are the largest and most important in the banking system. Banks are designed to address three significant problems in capital markets: adverse selection, moral hazard, and liquidity. Banks make money by borrowing long and lending short and use fractional reserves to lend more funds than are deposited. History has seen numerous problems in banks, including bank runs and insolvency. Government support and regulation, such as those implemented via the Basel Accord, as well as rating agencies help to ensure that investors trust the banks with which they have relations. 00:00 - Chapter 1. On Andrew Redleaf: Reaping Rewards from Opportunities 11:06 - Chapter 2. The Origin of Banks, from Goldsmiths to Commercial Banks 25:29 - Chapter 3. Why Banks Exist: On Adverse Selection, Moral Hazard and Liquidity 37:15 - Chapter 4. Rating Agencies: Do They Work? 44:08 - Chapter 5. The Ongoing Fragility of Banks and Structures of Bank Regulation 58:17 - Chapter 6. The Subprime Crisis in the US and in Europe Complete course materials are available at the Open ...
DBS Bank - This is Asia's TimeMar 30, 2012
War and turmoil in Middle East-North Africa have sent oil prices soaring. The triple tragedies of the earthquake, tsunami and nuclear reactor failures in Japan have shaken global equities. But DBS Chief Investment Officer, Lim Say Boon, believes the medium-term fundamentals in Asia ex-Japan remain solid amidst these troubles.
Market Report - Asia Awaits Bailout PlanNov 05, 2011
CHAN: Asian investors remained cautious today with many waiting for fresh news on a US government proposed $700 billion dollar bailout for the ailing financial sector. Central banks across the region served up more cash and assurances to money markets gripped by fear of bank failures. Australia's central bank pumped extra funds into the local money market. Bank of Japan dished out nearly $30 billion in its first ever dollar supply operation. Hong Kong's monetary authority also added funds to the market, which remained unsettled by rumors that local lender Bank of East Asia was in difficulty. Bank of East Asia stock rebounded on Thursday but customers remained worried with many still queuing up to withdraw funds.
Video Dispatch: On the Economy, Tempered OptimismApr 14, 2012
STRATFOR : www.stratfor.com East Asia sends more signals that the economy is on an upswing, but worries linger over possible bank failures in the United States. Also, an update on US Secretary of State Hillary Clinton's talks in Moscow.
Headline News, April 11, 2009Apr 25, 2012
Please follow the links below for the rest of the story .. Dramatic Pic Of Woman Attacked By Polar Bear Link to story .. news.sky.com 3 dead, 1 critically hurt in La. home invasion Link to story .. www.msnbc.msn.com 2 more banks fail, lifting this year's tally to 23 Link to story .. apnews.myway.com Colorado bank biggest US bank failure of 2009 Link to story .. www.breitbart.com Wildfires destroy 2 Texas towns, kill 2 Link to story .. www.reuters.com CIA Shuts Secret Prisons Under Obama Order Link to story .. news.sky.com Chinese drywall poses potential risks Link to story .. news.yahoo.com Pirates seize 10 Italians in US-owned tugboat Link to story .. www.alertnet.org Web Download Cheats Will Be Banned From Net Link to story .. news.sky.com Thai protesters force Asia summit cancellation Link to story .. www.reuters.com Eiffel Tower Closed As Staff Go On Strike Link to story .. news.sky.com SDRs - a new world reserve currency? Link to story .. www.moneyweek.com
Nouriel Roubini: Rapid economic recovery unlikelyJan 30, 2012
AEI Event: " The Deflating Bubble, Part VI: The Lessons of the Bubble and Crisis," Cosponsored by the Professional Risk Managers' International Association, October 22, 2009 www.aei.org Credit markets have recovered, although they still reflect massive government financial intervention. The financial panic of 2008 and 2009 has passed, though now bank failures are notably increasing. The net worth of the Federal Deposit Insurance Corporation is dropping, and estimates for its deficit are growing, but its obligations are ultimately US Treasury obligations. Average house prices seem to be stabilizing, but commercial real estate prices are dropping. Huge losses from the deflation of the great twenty-first-century bubble have been recognized or realized, and though more remain, financial markets have regained their appetite for risk. At this event, our expert Deflating Bubble panel defined the lessons of the whole twenty-first-century financial experience and made related recommendations for future financial policy. Speakers included AEI economists Desmond Lachman and John H. Makin; New York University professor of economics Nouriel Roubini; R. Christopher Whalen, managing director of Institutional Risk Analytics; and Thomas Zimmerman, managing director at UBS Investment Bank. AEI resident fellow Alex J. Pollock moderated.
Get Rid of The Fed And Purge The SystemMay 12, 2012
omf.gd ←← You won't want to miss this high impact, edge-of-your-seat exposé of the men behind the wizard's curtain that pulled the strings on the global financial crisis and what you can do about it. =================================== [June 9, 2011] PODCAST CONTENTS ★ Bond sales from the US to Europe to Asia soared in May ★ Two big banks will pay $22 million in monetary relief for illegally foreclosing on active-duty soldiers. ★ The federal government added $5.3 trillion in new financial obligations in 2010.
Bank Of England: US Faces Same Problems As GreeceJul 11, 2011
Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe. He also believes that European Union must become a federalised fiscal union (in other words with central power to tax and spend) if it is to survive. Barack Obama and the other European leaders are not to happy with this statement. China gave Obama a stern warning in 2009 about the US irresponsible spending & taxing. This was during Obama's state visit to China. With the national debt nearing 13 Trillion Dollars. Just a couple months ago it was nearing 10 Trillion Dollars. Obama & our gov. continues to ignore warning signs from the markets, bank failures & from a country that we owe much of this debt to. Obama & congresses house of cards is soaked in gasoline & these socialist sons - daughers of a pig are playing with matches. Soon or later the house called America is going to catch fire. Moodys has already warned that the US credit rating is in jeopardy & could be lowered to AA from AAA. If Obama & congress do not get their act together & fast we will see a depression hit the US that will make the 1930s depression look small. It took WWII to get the US out of that depression. Do we have to wait & have WWIII to get out of an ObamaNation depression?Welcome America & The World - I am ObamaStein. I comment and talk about things that I have strong feelings about. If you have a problem with my views, my criticizing someone or anyone else, if you ...
Who Will Pay the Bill?Feb 17, 2012
Follow us on TWITTER: twitter.com Like us on FACEBOOK: www.facebook.com WSJ reported lately, China's national debt to GDP ratio reached 80%. This doesn't include local governments' debts and the loans provided to stimulate economy. Experts said, national debts burdened China's economy. The regime printed money to resolve debts and non-performing loans, resulting in inflation. Eventually, Chinese people will end up paying the bill. The WSJ article published on June 21 said, the 1st batch of non-performing loans provided in 2009 will soon impact China's banking system. The CCP authorities are now considering who should be responsible for the RMB 2 to 3 trillion yuan non-performing loans. It also said, the scale of 2009 stimulation almost equals to that of the reorganization of 4 top China banks. Ironically, it's also similar to that of the 4 trillion economy stimulation plan in 2008. The article obviously irritated Beijing. On June 23, Xinhua News Agency quoted finance ministry's expert Bai Jingming's refute, saying it overestimated China's debts scale and potential risks. While recent reports from GaveKal Asia, a HK based research institute, said, China's national debt-to-GDP ratio leveled around 80% in the past 19 year. But in 2010, the ratio rose to 90%. The report also said that Chinese local governments' debts to GDP ratio has been higher than that of the US and Brazil. However, the report believes that China's ''closed financial system'' will not bring China into the ...
Chinese and Australian monetary easing still ahead; Japan's struggle continuesApr 06, 2012
In this Asia Focus video Andrew Robinson, Correspondent for Saxo Capital Markets in Singapore gives insight into recent Chinese data and what it tells about the all-important economy and the chances for monetary easing soon. He also comments on poor trade data for Japan and the Reserve Bank of Australia's failure to cut rates at its first meeting this year.Chinese CPI and PPI data for January produced mixed results. Excessive spending related to the Chinese Lunar New Year celebrations undoubtedly played a significant role in the much higher than expected CPI data. PPI came in on the soft side and is positive news as it indicates there is reduced pipeline pressure. The combined effect being though that the stance of the People's Bank of China on monetary easing ahead (particularly considering the continued debt saga in Europe) is likely to be unchanged.Japan posted its biggest trade deficit since 1963 in 2011 and flash numbers for January indicate more negative numbers are on the cards this year too. The Japanese economy is believed to be hurting so much that Japanese exporters are looking more and more into manufacturing goods abroad.While the outcome of the Reserve Bank of Australia's first policy meeting of this year shocked, in that no rate cut was announced despite high expectations, it is still largely deemed that more rate cuts will come, though the market probably won't get too carried away about the size nor timing next time around says Andrew.See more of Andrew's ...
Niall Ferguson - on the new world order pt1Apr 15, 2012
1 Mar 2010 [On the sustainability of the US recovery versus the global recovery] I think there is a global economic recovery which looks more sustainable that the US recovery. Most of the US recovery is in the form of stimulus from government. I don't think this is a sustainable recovery yet. The global recovery is more interesting. Asian economies are growing much faster than anybody predicted 6 months ago. Chinese growth is at an annual rate of 10%. China's stimulus has worked better. You can have Keynesian policies more easily in a controlled economy. Keynes said deficit finance will work better in a totalitarian economy. That's still true today. [On the US consumer's inability to push growth forward anymore] I'm relatively pessimistic on how fast growth is going to be in the US. My guess is that the economy will grow in real terms at close to 2% over the next few years. The US consumer cannot bounce back in the way we've been used to seeing in previous recessions. We've reached the limits of leverage on household balance sheets. When you've got debts of 120% of personal disposable income there's no way you can go back to the shopping mall. So if the US consumer is essentially going to behave in a thrifty way there is no way the US economy can grow at the rates we've seen in the past. There's no way you can have the old style debt-fuelled consumption once you've reached this level of indebtedness. That game is over. [On global rebalancing] We are in the process of a ...
Niall Ferguson - on the new world order pt2Apr 21, 2012
1 Mar 2010 [On the sustainability of the US recovery versus the global recovery] I think there is a global economic recovery which looks more sustainable that the US recovery. Most of the US recovery is in the form of stimulus from government. I don't think this is a sustainable recovery yet. The global recovery is more interesting. Asian economies are growing much faster than anybody predicted 6 months ago. Chinese growth is at an annual rate of 10%. China's stimulus has worked better. You can have Keynesian policies more easily in a controlled economy. Keynes said deficit finance will work better in a totalitarian economy. That's still true today. [On the US consumer's inability to push growth forward anymore] I'm relatively pessimistic on how fast growth is going to be in the US. My guess is that the economy will grow in real terms at close to 2% over the next few years. The US consumer cannot bounce back in the way we've been used to seeing in previous recessions. We've reached the limits of leverage on household balance sheets. When you've got debts of 120% of personal disposable income there's no way you can go back to the shopping mall. So if the US consumer is essentially going to behave in a thrifty way there is no way the US economy can grow at the rates we've seen in the past. There's no way you can have the old style debt-fuelled consumption once you've reached this level of indebtedness. That game is over. [On global rebalancing] We are in the process of a ...
Davos Annual Meeting 2009 - Future of the Global Financial SystemsNov 14, 2011
www.weforum.org 30.01.2009 Scenarios for the Future of the Global Financial System The demise of independent investment banks, the failures of fragmented regulation and nearly US$ 3 trillion in currency reserves in Asia forecast the arrival of a dramatically different financial world. What will remain of the old financial architecture and what will be its new elements? Marcus Agius, Chairman, Barclays, United Kingdom Walter B. Kielholz, Chairman of the Board of Directors, Credit Suisse, Switzerland Henry R. Kravis, Founding Partner, Kohlberg Kravis Roberts and Co., USA; Chair of the Governors Meeting for Investors 2009 Daniel S. Och, Chairman and Chief Executive Officer, Och-Ziff Capital Management Group, USA HE Sheikh Hamad Al Sayari, Governor of the Saudi Arabian Monetary Agency Tony Tan Keng-Yam, Deputy Chairman and Executive Director, Government of Singapore Investment Corporation (GIC), Singapore Jean-Claude Trichet, President, European Central Bank, Frankfurt Moderated by Howard Davies, Director, London School of Economics and Political Science, United Kingdom; Chair, Global Agenda Council on Financial Market Development
EU, US, UK Criminal Banks Financial Attack Behind Ireland Greek Portugal Italy Spain Economic CrisisFeb 20, 2012
EU, US, UK Criminal Banks Financial Attack Cause Ireland Greek Portugal Italy Spain Economic Crisis may15internationalorganization.blogspot.com 'US, EU banks behind economic crisis' European Commission chief says the EU could face the "biggest crisis in its history," and called for a financial transactions tax and the creation of eurobonds to fix the bloc's economic crisis. Interview with Max Keiser, Journalist and Broadcaster BY PressTVGlobalNews em 28/09/2011 Keiser is exactly right, this economic crisis has been engineered, The Builderberg group met earlier this year, the next weekend Irelands Peter Sutherland who is a famous builderberger also known as the godfather of globalisation announced that "Ireland must cede more power to the EU" to save us from the economic crisis. Classic Problem Reaction Solution method. EU experiment is failing so now is the time to embrace the failure and let everyone go down with the Titanic. Brilliant! Nothing but corrupt bankers running the FED and the EU Everyone owes money to everyone else, this is a staged event, so Its not only just down to the US / EU banks but the IMF "world bank!" Its all banking system. Categoria: Notícias e política Palavras-chave: 'US EU banks behind econ. crisis' Max Keiser Keiser show report European Commission chief financial transactions tax creation eurobonds fix bloc's economic crisis Interview Max Kaiser Journalist Broadcaster
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