Volatile equity markets and divergent economic growth between the developed and emerging markets have driven trading in Global and American Depository Receipts to new records, according to a mid-year review report by BNY Mellon Depository Receipts. During the first half of this year, 80.5 billion DRs valued at an all-time high of $1.91 trillion, traded …
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Der Speigel has published an excellent report titled The Destructive Power of the Financial Markets discussing the size and power of various players on the global financial markets. The graphic below shows the astonishing size of the global financial industry: Click to enlarge From the report: The financial industry grew rapidly, as did the …
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The S&P 500 is down 10.7% YTD. Among the sectoral indices, the financials are the worst performers with the KBW Bank Index off 32% YTD. As U.S. equities continue their downward trend, some investors are wondering if they are cheap now. The following chart from a CFR report shows that stocks are either cheap or the …
The current total outstanding U.S. public debt is over $14.0 Trillion. This huge mountain of debt was accumulated over many decades under the leadership of various presidents. The graphic below shows the amount of debt accumulated by US presidents: Click to enlarge Source: Der Speigel As shown above, the largest amount of debt was accumulated …
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The Canadian banking system remained strong and stable during the Global Financial Crisis (GFC) of 2008. Unlike many European and American banks, banks in Canada did not require any form of bailout and the regulatory system won praise from many countries and global institutions such as the IMF. Since then however some have raised doubts …
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