Tags » Credit Crunch

Credit Crunch All Over Again!

Source: Miles Franklin, by Bill Holter

It smells like crunch time to me, the markets have flattened or begun to even roll over on continuously decreasing volume. 703 more words

Financial/Societal Collapse And Dependence

Where has all the money gone?

Keith Hudson

Claude Monet’s Grand Canal in Venice has just sold for £23.7 million, a new record for the London art market.   It was just one of twenty or so other French Impressionist paintings which in total broke all auctioneering records for London.   472 more words

A coded warning from a central banker

Keith Hudson

“No time for complacency over the world’s banking system”

A paraphrase of what Mark Carney, the Governor of the Bank of England, has said recently.  298 more words

Deteriorating town with hope

(Above picture is credit of http://www.lostrailwayswestyorkshire.co.uk/)

I got inspiration to start this blog when someone I knew from years ago stopped me in Keighley on Friday night and asked what I was now doing in my life. 1,026 more words

The ECB smacks Greece again: Greek Banks can siphon money off the ECB no more

This blog has discussed before how the ECB has gone about systematically shutting down funding avenues for the Greek government by first dis-allowing state bonds from being submitted as collateral for bank borrowing, and then keeping ELA under a short leash ( 1,313 more words

Europe

The first credit crisis : Roman Edition

In such an extensively monetised economy, it is hardly surprising that the Romans were also well acquainted with another familiar feature of modern finance: the credit crisis.

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Books

ECB closes last funding option for Greece: Cometh Grexit?

As discussed elsewhere in this blog (see here), Greece has few remaining sources of funding, primarily its own commercial banks purchasing T-Bills through liquidity drawn via ELA authorised by the BoG. 529 more words

Europe