Many large U.S. banks were bailed out with tax payers’ funds during the Global Financial Crisis (GFC). Since then these banks have gotten even bigger by acquisitions and decline in competition as struggling smaller banks are left to fail by Uncle Sam. These small group of elite institutions aka known as “Systemically Important Financial Institutions” …
The emerging markets of Brazil and India are vastly different in many ways. Brazil is not only blessed with many natural resources that the world wants but is also increasingly becoming as an exporter of manufactured goods. But Brazil has a small population compared to India. India on the other hand has limited natural resources …
Continue reading ‘Which Country is a Better Investment: Brazil or India ?’ »
Originally I had scheduled the article below for posting on next Friday. After reading yesterday’s The New York Times editorial on Occupy Wall Street protests I decided to publish it today. From the Times editorial: Extreme inequality is the hallmark of a dysfunctional economy, dominated by a financial sector that is driven as much by …
Continue reading ‘IMF: Income Inequality Worsens in Most Developed Countries’ »
The Global Finance magazine has published its annual ranking of the world’s biggest banks for this year based on total assets the end of 2010. The top 50 banks hold assets of just over $61 Trillion. China’s banks continue to grow in size. This year, ICBC, China’s biggest bank entered the top 10 ranks by …
Continue reading ‘The World’s 50 Biggest Banks by Assets for 2011’ »
What Options Are Left for the Common Currency? Signs of Desperation: Fee Increases Signal End of an Era for Too Big To Fail Banks How Argentina left its Eurozone Should you run from the bear or grin at it? Mishra: India’s Rising Tide Doesn’t Lift All Rural Boats Lessons learned from the dotcom bubble That’s …
Continue reading ‘Knowledge is Power: Argentina, Sweden, Housing Madness Edition’ »