The company’s loss is a stark reminder that the banking system remains vulnerable to market shocks and has heightened concerns that big banks continue to make risky financial bets that could threaten the economy.
Coming as a replacement to perhaps the biggest dove in Fed history, few were expecting former Goldman and Pimco staffer Neel Kashkari to be as vocally outspoken on a topic that is so near and dear to regulators everywhere: their own cluelessness, and more importantly, the topic of "too big to fail" banks, which according to the Fed are a pillar of stability in an unstable world, and which according to Kashkari are anything but.
Submitted by Nomi Prins via NomiPrins.com, On August 27th, I had the opportunity to address the Aspen Institute, UNIFIMEX and PWC in Mexico City during a Q&A with Patricia Armendariz. Subsequenty, on August 28th, I gave the opening talk at the annual IMEF conference. The main issues of concern to local Mexican banks, as well as to Mexico's central bank, are:
WASHINGTON — Just as the global economy has all but recovered from debt-fueled crises in the United States and Europe, economists have a new worry: China. They see a lending bubble there that threatens global growth unless Beijing defuses it.
That’s the view that emerges from an Associated Press survey this month of 30 economists. Still, the economists remain optimistic that Beijing’s high-stakes drive to reform its economy — the world’s second-largest — will bolster Chinese banks, ease the lending bubble and benefit U.S. exporters in the long run.
The market trend will depend on earnings, monsoon and progress on GST and if these factors pan out right, Indian equities are likely to perform well going ahead unless there are global shocks, said Axis Capital CEO Dharmesh Mehta. In an interview to Sanam Mirchandani, Mehta said he doesn't expect the March quarter earnings to throw up any nasty surprises and expects a moderate recovery. Edited excerpts: What category of foreign investors are putting money into India and emerging markets of late? A major part of money was ETF money.