Three years before the 2008 global financial crisis, an Indian economist Raghuram G. Rajan warned a skeptical audience of top economic thinkers that excessive risk threatened the entire global financial system. He offered a new warning: Low interest rates globally could distort markets and would be difficult to abandon. Source: NYT
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
Yearly subscription: 10 issues for 240€
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
Speaking in an interview in the February issue of “Gold Investor” — a magazine issued by the World Gold Council, Greenspan argued that imbalances in the economic strength of eurozone nations make the continued function of the single currency area a major concern. Source: Business Insider
Le Pen’s promise to take France out of the euro zone might well devastate Russia’s economy and financial stability. Russia holds close to 40 percent of its foreign currency reserves in euros. President Vladimir Putin said his country is “not interested in the collapse of the euro zone.” Source: Bloomberg
Household debt in the U.S. totals a staggering $12.58 trillion, a level not seen since 2008, according to the New York Federal Reserve’s quarterly report released Thursday. The figure represents a $226 billion increase in household debt for the fourth quarter, the largest quarterly increase since 2013. Source: CNBC