Best of the Week
Most Popular
1. Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - Nadeem_Walayat
2.Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - James Burgess
3.Gold Price Trend Analysis - - Nadeem_Walayatt
4.The Beginning of the End of the Dollar - Richard_Mills
5.Stock Market Trend Forecast Update - - Nadeem_Walayat
6.Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - Troy_Bombardia
7.Precious Metals Sector: It’s 2013 All Over Again - P_Radomski_CFA
8.Central Banks Have Gone Rogue, Putting Us All at Risk - Ellen_Brown
9.Gold Stocks Forced Capitulation - Zeal_LLC
10.The Post Bubble Market Contraction Thesis Receives Validation - Plunger
Last 7 days
SPX/Gold, 30yr Yields & Yield Curve – Amigos 1, 2 & 3 Updated - 21st Oct 18
Gold Stocks Sentiment Shifting - 21st Oct 18
Why Is the Weakness In GBP/USD Likely? - 21st Oct 18
Stock Market Bubbles, Balloons, Needles and Pins - 21st Oct 18
The Incredibly Bullish Set-Up for Gold - 20th Oct 18
Here Comes the Stock Market Retest - 20th Oct 18
Waterproof Camera - Olympus Tough TG-5 Setup and First Use - 20th Oct 18
Israel’s 50-Year Time Bomb, Pushing Palestinians to the Edge - 19th Oct 18
Bitcoin Trend Analysis 2018 - 19th Oct 18
History's Worst Stock Market Crash and the Greatest Investing Lesson! - 19th Oct 18
More Signs of a Stocks Bull Market Top and Start of a Bear Market in 2019 - 19th Oct 18
Stock Market Detailed Map Of Expected Price Movement Before The Breakout - 18th Oct 18
Determining the Outlook for Gold Mining Stock - 18th Oct 18
Investor Alert: Is the Trump Agenda in Peril? - 18th Oct 18
Stock Market is Making a Sharp Rally After a Sharp Drop. What’s Next? - 18th Oct 18
Global Warming (Assuming You Believe In It) Does Not Affect Gold - 18th Oct 18
Best Waterproof Compact Camera Olympus Tough TG-5 Review - Unboxing - 18th Oct 18
Silver's Time Is Coming - 17th Oct 18
Stock Market Volatility Breeds Contempt - 17th Oct 18
Gold 7-Year Bear Market Phase Is Over - 17th Oct 18
Gold - A Golden Escape - 17th Oct 18
Tec Stocks Sector Set For A Rebound? - 16th Oct 18
Real Estate Transactions are Becoming Seamless with Blockchain-Powered Data Sets - 16th Oct 18
Important Elements of a Viral Landing Page - 16th Oct 18
Stephen Leeb Predicts 3-Digit Silver and 5 Digit Gold?! - 16th Oct 18
BREXIT, Italy’s Deficit, The EU Summit And Fomcs Minutes In Focus - 16th Oct 18
Is this the Start of a Bear Market for Stocks? - 16th Oct 18
Chinese Economic Prospects Amid US Trade Wars - 16th Oct 18
2019’s Hottest Commodity Is About To Explode - 15th Oct 18
Keep A Proper Perspective About Stock Market Recent Move - 15th Oct 18
Is the Stocks Bull Dead? - 15th Oct 18
Stock Market Bottoms are a Process - 15th Oct 18

Market Oracle FREE Newsletter

Category: Credit Crisis 2013

The analysis published under this category are as follows.

Stock-Markets

Sunday, March 31, 2013

Cyprus Bank Deposit's Theft Crisis Sparks Run to Stock Market Safe Haven / Stock-Markets / Credit Crisis 2013

By: Nadeem_Walayat

Banking crisis shockwave's continue to emanate out of Cyprus as an original 20% hair-cut of depositor funds in the countries two largest banks continues to double, and now triple to at least 60% to be stolen, all of which has had the effect of sparking an extension to the stocks bull market rally for general stock market indices such as the Dow that continues to put in a series of new closing and trading all time highs whilst both bulls and bears wait for the rally to terminate for differing subsequent expectations.

Read full article... Read full article...

 


Politics

Saturday, March 30, 2013

Bank Depositor “Haircuts”: Grand “Financial Theft” is the Money Market’s “New Normal” / Politics / Credit Crisis 2013

By: Stephen_Lendman

On March 29, Cyprus Mail said banks opened Thursday. They did so amid calm.

Long lines queued. People waited patiently. A feared stampede didn’t materialize. Whether it’s the calm before the storm remains to be seen.

Looting Cypriot bank accounts reflects the new normal. It set a precedent. It did so for Europe. More on that below.

Read full article... Read full article...

 


Politics

Friday, March 29, 2013

US and UK Depositors Bank Confiscation Scheme Imminent Risk / Politics / Credit Crisis 2013

By: Ellen_Brown

Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.  

Read full article... Read full article...

 


Stock-Markets

Friday, March 29, 2013

Cyprus An 80% Wealth Confiscation Scheme? / Stock-Markets / Credit Crisis 2013

By: Graham_Summers

The news coming out of Cyprus only gets worse.

It was bad enough that the political class even promoted the idea of STEALING depositors’ savings. But now we’re finding out that they lied time and again about how much they’d take.

Read full article... Read full article...

 


Stock-Markets

Friday, March 29, 2013

After the Cyprus Bailout, Here's Where You Should Keep Your Savings Now / Stock-Markets / Credit Crisis 2013

By: Money_Morning

Martin Hutchinson writes: Now that the dust has begun to settle in Cyprus, the battered principle of deposit insurance seems to be safe-for now at least.

In the big stare-down with the European Union the final Cyprus settlement did not zap the small depositors.

Read full article... Read full article...

 


Stock-Markets

Friday, March 29, 2013

Currency Wars, Capital Controls and Earthquake Kits / Stock-Markets / Credit Crisis 2013

By: Dr_Jeff_Lewis

The latest financial progression of currency devaluation, asset confiscation, capital controls and ultimately political upheaval seems to have become a slippery slope that could easily decimate whatever investment funds you may currently have placed in paper assets.

Furthermore, the recent threat to levy bank deposits as an alternative to providing bailout money that was proposed as a solution to the Cyprus banking crisis has left many depositors increasingly wary of placing the bulk of their wealth on deposit with increasingly shaky financial institutions.

Read full article... Read full article...

 


Stock-Markets

Thursday, March 28, 2013

Bank Failures, Sovereign Bond Collapses, Savers Head for their Mattresses / Stock-Markets / Credit Crisis 2013

By: DeviantInvestor

Throughout the colorful history of organized crime in the United States, periodic eruptions of inter-gang Mafia violence have dotted the criminal landscape. When turf wars broke out between competing crime families in major cities such as New York and Chicago, the combatants would conduct their warfare from unsavory redoubts such as abandoned warehouses or low-rent hotels and apartments. In such locations, the soldiers would spend their off hours sleeping on rented mattresses until the internecine conflicts had run their course; hence the expression “going to the mattresses.”

Read full article... Read full article...

 


Commodities

Thursday, March 28, 2013

Cyprus and Gold: Lighting a Candle in a Dark Room / Commodities / Credit Crisis 2013

By: Nick_Barisheff

By now most people are aware of the events unfolding in Cyprus. The financial world was rocked by the announcement that the "Troika" of the European Central Bank (ECB), International Monetary Fund (IMF), and European Commission (EC) decided to give the tiny island of Cyprus an ultimatum - either pay a 9.9 percent wealth tax on deposits over 100,000 euros, or leave the EU. This tax would be taken directly from bank savings accounts. The expropriated funds would be used to "bail out" troubled Cypriot banks. Those banks will in turn pay off larger European banks to which they owe money. Because some Cyprus banks will fail, some investors stand to lose up to 40 percent of their deposits and many bank employees will lose their jobs.

Read full article... Read full article...

 


Stock-Markets

Thursday, March 28, 2013

Laiki Bank Where Some Depositors Are More Equal Than Others / Stock-Markets / Credit Crisis 2013

By: Raul_I_Meijer

Yeah, some things in life are inevitable. That's why it was no surprise, though still endlessly amusing, to find that while depositors of Laiki Bank (aka Cyprus Popular Bank) on the island itself have been unable to get to their money for 10 days now, Laiki's 4 branches in the UK have all that time simply remained open for business.

Read full article... Read full article...

 


Politics

Wednesday, March 27, 2013

Let’s Get Cyprused! / Politics / Credit Crisis 2013

By: Andy_Sutton

There is little doubt that the past two weeks have brought about dramatic changes in most circles regarding the way people look at banks, bank deposits, and the monetary situation in general. This year’s ‘Ides of March’ will no doubt go down in history as a pivotal period where once again our world changed forever. One would be right in stating that there have been many such watershed events in the past decade and a half and that alone should be even more persuasive to those who believe we still live in the bull market of the 1980s. This is not your father’s market, nor his country, nor his world.

Read full article... Read full article...

 


Politics

Wednesday, March 27, 2013

Euro-zone Cyprus Theft of Bank Deposits Serious Unintended Consquences / Politics / Credit Crisis 2013

By: John_Mauldin

I admit to being surprised by Cyprus. Oh, not the banking crisis or the sovereign debt crisis or the fact that its banks were eight times larger than the country itself or even the fact that the banks were bloated with Greek debt that had been written down. I wrote about all that a long time ago. What surprised me was that all the above was apparently a surprise to European leaders.

While there is much to not like about what European leaders have done since the onset of their crisis some five years ago, they have demonstrated a prodigious ability to kick, poke, and massage the can down the road, to defuse crisis after crisis, and to indefinitely postpone the inevitable. They have demonstrated a remarkable ability to spend taxpayers’ and others’ money in order to keep Europe and the euro more or less in one piece. At every step they have been keenly intent on maintaining trust in the system. That they have been successful in keeping a majority of citizens in favor of the Eurozone and the euro, even in countries forced to endure serious austerity, must be recognized.

Read full article... Read full article...

 


Politics

Wednesday, March 27, 2013

Will Your Bank Account Be 'Cyprused' Next? / Politics / Credit Crisis 2013

By: Bill_Bonner

U.S. stocks continued mostly going up last week. But European markets fell. Gold bounced up and down... but held above $1,600.

Most people would much rather own stocks than gold. Most of the time, they are probably right. Gold pays no dividends. Nor does it invent new things or open up new markets... or any of the other things that make stocks go up.

Read full article... Read full article...

 


Personal_Finance

Tuesday, March 26, 2013

Santander 'Internal Server Error' Business Customers Locked Out? / Personal_Finance / Credit Crisis 2013

By: Nadeem_Walayat

The banks in Cyprus have been closed since 18th March with each proposed date for re-opening of the banks with strict capital controls being extended every few days as the Cypriot central bank enacts its policy to steal depositor funds to the tune of 40% of deposits of over 100,000 euro's in at least Cyprus's two largest banks.

Read full article... Read full article...

 


Stock-Markets

Tuesday, March 26, 2013

Cyprus Bailout Deal Could Kill the Euro / Stock-Markets / Credit Crisis 2013

By: Money_Morning

David Zeiler writes: European Union officials voiced relief following an 11th-hour Cyprus bailout deal, but in truth, they have little to celebrate.

Not only will this deal worsen the economic crisis in Cyprus, but the damage to the trust in the banking system also has created a time bomb set to go off the next time a Eurozone country - or especially its banks - get into trouble.

Read full article... Read full article...

 


Politics

Tuesday, March 26, 2013

Europe's Disturbing Deposits Theft Precedent in the Cyprus Bailout / Politics / Credit Crisis 2013

By: STRATFOR

The European economic crisis has taken different forms in different places, and Cyprus is the latest country to face the prospect of financial ruin. Overextended banks in Cyprus are teetering on the brink of failure for issuing loans they cannot repay, which has prompted the tiny Mediterranean country, a member of the European Union, to turn to Brussels for help. Late Sunday, the European Union and Cypriot president announced new terms for a bailout that would provide the infusion of cash necessary to prevent bankruptcies in Cyprus' banking sector and, more important, prevent a banking panic from spreading to the rest of Europe.

Read full article... Read full article...

 


Politics

Tuesday, March 26, 2013

The Oligarch's Lost Euros and Alice's Gold / Politics / Credit Crisis 2013

By: Michael_T_Bucci

I met an old acquaintance, a Russian oligarch. He was in tears. "Why, I asked, are you crying?"
      "As you know," he implored, "I'm already out of favor with Vladimir Putin and being out of favor with him, I'm shunned by my own class here in New York."
      "Yes," I quipped, "but that's old news, yet you are still crying?"
      "I'm crying now because I'm about to take a haircut from the barber in Brussels who is going to confiscate 30% of my $1.4 billion left in a Cypriot bank."
      "Oh, my!" I replied.
      "I don't know how I'm going to eat!" he exclaimed.
      "Well, that's an easy one to solve," I replied. So I offered him a solution. "About four blocks down this street is a bank," I explained. "They will take care of you."

Read full article... Read full article...

 


Stock-Markets

Tuesday, March 26, 2013

Cyprus Rejects Europe’s Demand for Deposit Tax / Stock-Markets / Credit Crisis 2013

By: Submissions

Brett Chatz writes: The economy of the Island of Cypress is flailing.  An immediate 15.8 billion-euro bailout for the small country was requested of its European allies.  The answer from the economically frail European Central Bank (ECB) was a two-tiered compromise.  The initial requirement included a substantial tax on Cyprus bank deposits, which would raise 5.8 billion euros.  The second element of the plan had the ECB tendering 10 billion euros to alleviate the financial crisis of Cyprus.

Read full article... Read full article...

 


Politics

Tuesday, March 26, 2013

Hayek v. Krugman – Cyprus’ Capital Controls / Politics / Credit Crisis 2013

By: Steve_H_Hanke

Nobelist Paul Krugman has a propensity to spin and conceal. This allows for deception – the type of thing that hoodwinks some readers of his New York Times column. While deception doesn’t qualify as lying, it also fails to qualify as truth-telling.

Prof. Krugman’s New York Times column, “Hot Money Blues” (25 March 2013) is a case in point. Prof. Krugman sprinkles holy water on the capital controls that will be imposed in Cyprus. He further praises to the sky the post-1980 capital controls that were introduced in a number of other countries.

Read full article... Read full article...

 


Stock-Markets

Tuesday, March 26, 2013

Cyprus: Will We Ever Learn? / Stock-Markets / Credit Crisis 2013

By: Adrian_Ash

So Cyprus got its IMF-ECB bail out. But have bank savers elsewhere got the message yet...?

Over the last 30 years I have seen a lot of changes in the financial markets.

One of the biggest changes by far was the formation of the European single currency - the Euro. Prior to its existence all of today's 17 member countries had their own currencies. Italy, Spain and Greece, to name a few, were often devaluing their currencies. Doing this was one of their solutions to avoid the pain of economic mismanagement. The pain would still come to the general populace, but it looked spread out more evenly amongst its citizens through inflation.

Read full article... Read full article...

 


Economics

Monday, March 25, 2013

Cyprus is in 'Difficult Times,' Faces Recession / Economics / Credit Crisis 2013

By: Bloomberg

Athanasios Orphanides, the former governor of the Central Bank of Cyprus, told Tom Keene and Sara Eisen on "Bloomberg Surveillance" today that Cyprus "will face a deeper recession going forward."

Orphanides also said, "The other periphery countries should thank the Cypriot parliament for rejecting the earlier plan that was advanced about 10 days ago that essentially asked for the confiscation of deposits."

Read full article... Read full article...

 


Page << | 1 | 2 | 3 | 4 | 5 | 6 | >>