What can we expect from Jackson Hole
The Jackson Hole Economic Symposium is set to take place this week. It is an annual gathering of central bankers, economists, academics, and financial market...
Tag: financial crisis
The Fed remains inflexible, but does it still have a course?
Two Federal Reserve officials reinforced their message in favour of higher interest rates and for a longer period, stressing the need for patience as the...
Towards a global debt crisis?
Governments are increasingly meeting their fundraising needs by issuing debt, not only through regular auctions but also, increasingly, through syndicated sales involving paying fees to...
Toward a Real Estate Crash in Germany?
Fears about US commercial real estate have shaken German banks this month, but their message was clear: Don’t worry; most of our real estate exposure...
Commercial Real Estate, a Significant Risk for US Regional Banks
New York Community Bancorp’s decisions to reduce dividends and build reserves sent its stocks tumbling by a record 38%, causing the KBW regional bank index...
A Credit Market Under Pressure
Last March, the rise in bond yields had shaken the American banking system, sending three regional banks into turmoil. A massive fire sale and a...
The crisis in the Middle East: a risk to the global economy?
Like past wars in the Middle East, the conflict between Israel and Hamas that erupted last week could potentially disrupt the global economy and even...
The worst bond market in 236 years
There has never been such a prolonged period of losses in the bond market as in the last three years. Indeed, it is challenging to...
The day after tomorrow
Not long ago, the world lived in a time when money flowed freely and was inexpensive. Interest rates in the U.S. were close to zero,...