The total assets the top banks of the world grew by 6.8% in 2008 per The Banker magazine. However there was no asset growth among the top 10 banks in the list shown below. The Top 25 World banks for 2009 based on Asset Growth are: [TABLE=164] Source: The Banker Royal Bank of Scotland (RBS) …
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The United States Federal Reserve is creating too much money, putting the US on the same path as Zimbabwe which, I guess you heard, has finally created so much money that its currency is now officially worthless. Worthless! From the US to Zimbabwe Migrant workers are hit hard by the Spanish recession Spain drain Now …
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The Banker magazine has released the Top 1000 world banks for 2009 based on their Tier 1 capital. The following are the Top 25 from the rankings: [TABLE=163] The Top 3 ranked banks are the US-based banks with JPMorgan Chase (JPM) being the number one bank.The other two US banks are Bank of America(BAC) and …
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This article is a followup to my earlier post titled Why Are So Many U.S. States Facing Budget Deficits? which generated some interesting comments from Seeking Alpha readers. In addition to fall in property, income, sales tax revenues and rise in social benefits spending some readers pointed out that the main culprits are the compensation …
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Have you ever wondered how much the U.S. Federal Government spends on the various social benefit programs?. My analysis shows that federal spending on social benefits is rising fast. Source: Flow of Funds Accounts of the United States report, 1Q-2009Â & BEA NIPA tables Data for 2009 is for the first quarter annualized. The huge …
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