Category Archives: Subprime mortgage crisis
Financial Times Survey: Banks’ Brexit Relocations By March 2019 Much Lower Than Feared
In the run-up to the recent agreement on phase I of Brexit, there was mixed news on the extent to which jobs in the City of London would be relocated to other European hubs, primarily Frankfurt. On one hand, we discussed the meeting between US Commerce Secretary, Wilbur Ross, and executives of JPM, Goldman, HSBC […]
Goldman: These Are The Three Biggest Risks Facing Stocks In 2018
When it comes to the most influential investment bank in the world, Goldman Sachs, its 2018 outlook is borderline euphoric despite the bank’s own explicit admission that valuations have never been higher. In a tortured, goalseeked analysis which we discussed last week, the bank’s chief equity strategist David Kostin said that he expects a year […]
DiMartino Booth Warns Pressure On US Households Is Intensifying
Authored by Danielle DiMartino Booth, Behind the rosy economic headlines, consumer stresses have continued to build and are likely to worsen… Is the U.S. economy enjoying a honeymoon, or is this merely a hiatus? Although this isn’t a subject of discussion among most economists, there will be both good and bad associated with three hurricanes […]
1MDB Scandal Resurfaces As Singapore Cops Investigate Goldman’s Lucrative Bond Issues
We have another instalment in the investigation into the mind-boggling level of corruption at 1MDB, (1Malaysia Development Berhad), the Malaysian state-owned investment fund. Members of the Singapore police’s economic crime unit have interviewed current and former Goldman employees with respect to the 1MDB bond offerings arranged by the bank. By way of a recap into […]
World’s Longest Bull Market (55 Years) In Australian House Prices Is Over, According To UBS
This morning, CoreLogic released its monthly report on Australian house prices – the world’s longest running bull market. Finally, measures to tighten credit standards and dissuade overseas buyers (especially Chinese in Sydney and Melbourne) are beginning to bite and price rises ground to a halt last month. From the report… Since moving through a peak […]
Goldman Ramping Up Private Equity Investments To Offset Low Vol And Low Volume
A Reuters article reports that Goldman is looking to make direct private-equity investments to compensate for weakness in trading. Goldman Sachs Group Inc is ramping up its private-equity investments and going after smaller, high-growth targets as part of a broad plan to offset recent trading declines, three people familiar with the effort told Reuters. Goldman’s […]
How Many Hours Americans Need To Work To Pay Their Mortgage
When it comes to the cost of living in cities, a general rule of thumb is that housing prices are much higher in the country’s economic and population hubs, especially in the cities along the coasts. As Visual Capitalist's Jeff Desjardins notes, particularly in recent years, prices have been pushed sky-high in places like New […]