Tag: 2008 financial crisis

An employee puts Chinese one-hundred yuan banknotes in a money counting machine for a photograph at the Korea Exchange Bank headquarters in Seoul, South Korea, on Thursday, Feb. 27, 2014. Chinas central bank is forecast to double the yuans trading band in the coming quarter as policy makers loosen exchange-rate controls to promote greater usage of the currency in global trade and finance. Photographer: SeongJoon Cho/Bloomberg via Getty Images

For China, Debt Disaster Lurks in the Shadows

Analysts with the proper degree of skepticism about China’s boasts of soaring economic power note that official reports from the Communist regime cannot be trusted. Another, less widely understood problem is that China’s rulers might not know how unstable their economy really is because a sizable portion of Chinese debt lurks off the books in the “shadow banking” industry.

Flashback: Media Lovefest over Barack Obama’s First 100 Days

The media’s framing for former President Barack Obama’s first 100 days began with the premise that his very presence in the White House was “historic.” Obama was praised for aggressively pursuing a bold policy agenda and reversing the policies of his predecessor.

Steven Mnuchin: ‘Regulation Is Killing Community Banks’

The highlight of Treasury Secretary Steven Mnuchin’s confirmation hearing so far was his rousing defense of community banks against overbearing federal regulations. “Regulation is killing community banks,” he declared, and if the process is not reversed, we could “end up


France Declares State of Economic Emergency

As investor sentiment plunges across the world, President François Hollande of France has unveiled an economic plan to deal with what he describes as his country’s “state of economic emergency”. Setting out a new €2 billion (£1.5 billion) job creation plan