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Domino Watch

Apr
11

Joshua Rauh, Hoover Institution, discusses the result of a new report that shows the dire details of the nation's state and local pensions. Read More

Posted on Domino Watch on April 11th, 2016


Apr
15

The Information Clearing House, an alternative news source, published on article (Russia Announces Decoupling Trade From Dollar) by economist Peter Koenig that paints a rather bleak picture of America's economic future. As the article title suggests,... Read More

Posted on Domino Watch on April 15th, 2014


Jul
17

If anyone had lingering faith that Mr. Bernanke actually has a plan to end the US government's addiction to cheap money, the Chairman's semi-annual testimony to Congress should have washed it away. In addition to claiming that his money-printing has ... Read More

Posted on Domino Watch on July 17th, 2012


Jul
16

"International Monetary Fund chief Dominique Strauss-Kahn said on Thursday the Chinese yuan should be given a greater role within a restructured international monetary system." "Strauss-Kahn, speaking at the IMF's headquarters, said that adding emer... Read More

Posted on Domino Watch on July 16th, 2012


Jul
16

In an International Monetary Fund document, a Special Drawing Right (SDR) or basket of currencies called the Bancor would replace the US dollar as the world's reserve currency. It would consist of US dollar (44%), euro (34 %), Japanese Yen (11%) and ... Read More

Posted on Domino Watch on July 16th, 2012


Jul
16

Louis Charbonneau, Tue Jun 29, 2010 4:56pm EDT "A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value. But several European officials att... Read More

Posted on Domino Watch on July 16th, 2012


Jul
16

According to Robert Fisk, the UK Independent, "In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket ... Read More

Posted on Domino Watch on July 16th, 2012


Jun
20

Though Buffet warned shareholders about derivatives, in 2002, it didn't stop him from playing the game in 2012. In a letter to shareholders he once again noted the danger: "Derivatives are financial weapons of mass destruction, carrying dangers that,... Read More

Posted on Domino Watch on June 20th, 2012


Jun
20

Buffett and Gross warn: $516 trillion bubble is a disaster waiting to happen. It's interesting to see how Warren Buffet felt about derivatives as early as 2002, significantly ahead of the 2008 meltdown in which derivatives played a major role. "Char... Read More

Posted on Domino Watch on June 20th, 2012


Jun
20

The unit at the center of JPMorgan Chase's $2 billion trading loss has built up positions totaling more than $100 billion in asset-backed securities and structured products—the complex, risky bonds at the center of the financial crisis in 2008. The... Read More

Posted on Domino Watch on June 20th, 2012


Jun
16

Famed investor Jim Rogers says the U.S., in effect, already has lost its AAA credit rating amid fiscal mismanagement, and he remains pessimistic on the country's outlook. He calls the current debt negotiations in Washington a political "charade." Gl... Read More

Posted on Domino Watch on June 16th, 2012


May
29

Just a few days ago, JP Morgan Chase and Company stunned the financial markets with the news of a trading loss of at least $2 billion dollars—all because of derivatives. You'll recall derivatives played a huge role in the housing crisis over th... Read More

Posted on Domino Watch on May 29th, 2012


Dec
5

By Ron Paul Jul 22, 2011 11:00 AM MT 288 Comments Q. Business ExchangeBuzz up!DiggPrint Email ...Debate over the debt ceiling has reached a fever pitch in recent weeks, with each side trying to outdo the other in a game of political chicken. If you b... Read More

Posted on Domino Watch on December 5th, 2011


Dec
5

U.S. stock-index futures and European equities fell while gold and the Swiss franc climbed to records after President Barack Obama and Congress failed to reach a deal on raising the debt ceiling. Treasuries declined. "Stock markets around the globe ... Read More

Posted on Domino Watch on December 5th, 2011


Dec
5

The U.S. government is flirting with default on the world's most important risk-free financial instrument: Uncle Sam has issued or guarantees 55% of all triple-A-rated bonds, according to Nomura. But despite dire warnings by some policy makers during... Read More

Posted on Domino Watch on December 5th, 2011


Dec
5

Fear the United States will lose its AAA credit rating or even default on its debt is driving foreigners away from U.S. assets, and the dollar is taking the biggest hit. While stateside investors predicted lawmakers would avoid default with a last-mi... Read More

Posted on Domino Watch on December 5th, 2011


Nov
17

Mortgage analytics firm CoreLogic is reporting, in data provided to HousingWire, subprime delinquencies are steadily trending downward. Additionally, the firm's main economist warns the performance of prime mortgages may be a growing concern, especia... Read More

Posted on Domino Watch on November 17th, 2011


Nov
17

Bank of America Corp., battling demands for almost $13 billion of refunds from mortgage investors, reported that the fastest-growing group of claims involves loans to people with the best credit scores. Claims for refunds on prime mortgages surged 15... Read More

Posted on Domino Watch on November 17th, 2011


Nov
15

After betting trillions on everything from liar loans to mortgages that never should have been issued in the first place, the big banks are back and they're betting on death—yours and mine. It seems that Goldman Sachs Group Inc. (NYSE: GS), JPM... Read More

Posted on Domino Watch on November 15th, 2011


Nov
15

One of the biggest risks to the world's financial health is the $1.2 quadrillion derivatives market. It's complex, it's unregulated, and it ought to be of concern to world leaders that its notional value is 20 times the size of the world economy. But... Read More

Posted on Domino Watch on November 15th, 2011


Nov
15

HOT on the heels of the last financial debacle, a fresh crisis is looming around the corner, said Mark Mobius, executive chairman of Templeton Asset Management's emerging markets group. The derivative problem that had plagued the last crisis in 2008 ... Read More

Posted on Domino Watch on November 15th, 2011


Nov
15

Home prices continued to plummet during the first three months of 2011, falling 4.6% from a year earlier. The U.S. median price, according to the National Association of Realtors (NAR), dropped to $158,700 for a single family house. Condo prices fell... Read More

Posted on Domino Watch on November 15th, 2011


Nov
15

States where courts oversee foreclosures showed a 45 percent decrease in filings from a year earlier, while non-judicial states had a 25 percent decline and accounted for almost two-thirds of the national total, RealtyTrac said. Foreclosure filings ... Read More

Posted on Domino Watch on November 15th, 2011


Nov
15

Lewis Ranieri, once known as the father of mortgage finance, is daring to revisit the most infamous sector of the mortgage market—subprime lending. Four years ago, sky-high defaults on subprime mortgages—used mainly by borrowers with weak credit ... Read More

Posted on Domino Watch on November 15th, 2011


Nov
15

The private insurers that cover $700 billion of U.S. mortgages are facing an onslaught of foreclosures. The big three—MGIC, Radian, PMI—are at risk. The housing market has been a cruel goddess, destroying the finances of millions of Americans and... Read More

Posted on Domino Watch on November 15th, 2011