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Banks are tightening mortgage lending standards. The housing market is in trouble as cash-strapped Americans could flood the market. A massive crash could erase trillions in home values in the coming months. The National Association of Realtors (NAR) tried to paint an upbeat picture about the U.S. housing market despite plunging sales of both existing…
A hedge fund manager says banks could be coronavirus “heroes.” But banks made America’s finances vulnerable before the crisis struck. And now they’re shamelessly feasting on the CARES Act loan program. Earlier this month a U.S. hedge fund manager suggested U.S. banks have the opportunity to be “heroes” of the coronavirus crisis. Nick Ford, a…
“All the Banks Are Broke,” and they’ve only got worse. Quantitative easing forever? The threat of cryptocurrencies will disrupt the financial sector. A video from 2013 depicting a European minister’s tirade against the global banking system has recently re-emerged and gone viral. Gaining massive traction within the crypto community, the speech is now more relevant…
Low central bank interest rates are turning hedge funds into a systemic recession risk, say the IMF and European Central Bank. Low bond yields are driving investors into riskier assets. A selloff could spillover and wreak havoc on the broader economy. Holes in regulations on the banking sector after the 2008 financial crisis are also…
