Dennis Ragauskas

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Will $4.6 Trillion Leveraged Loan Market Cause The Next Financial Crisis?

Financial crises take about a decade to be born. Having lived through four of them, I see the raw materials for a fifth one — flowing from the collapse of so-called leveraged loans — debt piled on top of companies with weak credit ratings.<p>Before examining the latest news on leveraged loans, let’s …

5 Years Later, We've Learned Nothing From the Financial Crisis

Why haven't we destroyed the idea that destroyed the world?<p>REUTERS<p>Five years ago, Lehman Brothers, AIG, and the global financial system were not blown up by subprime mortgages, collateralized debt obligations, or credit default swaps. They were not blown up by greed or fraud, alone. The financial …

5 lingering effects of the financial crisis

We're well into the seventh year of an economic and stock market recovery. The economic expansion hasn't been as robust as many would like and the recovery has been uneven, as some have fared better than others in the aftermath of the worst economic contraction since the Great Depression. But you …

Investors are terrified by the '3rd wave' of the financial crisis

First, the good bits: Aberdeen's revenue is up 5% to £1.16 billion ($1.74 billion), underlying profit is up £1.3 million ($1.95 million) to £491.6 million ($739.1 million), and dividend raised by 0.75 pence to 12 pence.<p>But there's a glaring red mark on Aberdeen's homework — assets under management …

Puerto Rico poised to miss another debt deadline as financial crisis rages on

The island some have called ‘America’s Greece’ looks poised to default on its $72bn debt for a second time amid anger over territory’s ‘Wall Street captors’<p>Debt-racked Puerto Rico looks all but certain to miss a second repayment deadline on Tuesday – a move that is likely to worsen the financial …

Get ready for the financial crisis, part 3

The world has lurched into a new and dangerous stage of its long-running financial crisis, according to some market watchers who see slowing growth in China and other developing countries as the start of bigger challenges ahead for the global economy.<p>Their warnings underscore the uncertain outlook …

Chinese stock markets have worst week since global financial crisis

SHANGHAI, June 19 (Reuters) - China’s major stock indexes finished the week on a grim note on Friday, with the Shanghai index ending the week down 13.3 percent, its worst showing since the global financial crisis.<p>Many analysts had warned that Chinese bourses had become too frothy since their run-up …

Stock Markets

Fitch, Moody's And Standard & Poor Haven't Learned Enough From The Financial Crisis

The Big Three credit-rating agencies came under a great deal of criticism in the wake of the 2007-08 implosion in mortgage-related securities and financial institutions in the United States, and also over their questionable judgments about European sovereigns and banks during the financial crisis …

Can ‘The Big Short’ Use Humor to Remind Us About the Mortgage Bubble and the Financial Crisis?

Almost eight years have passed since the mortgage bubble burst, many ordinary Americans lost their homes, and the “great recession” began. A great …

Banks told to increase emergency funds to avert financial crisis

UK’s biggest lenders must set aside a further £27bn of special capital by 2020 to be safe against potential collapse, says Bank of England<p>The probability of another financial crisis hitting the UK will be cut by a third if Britain’s biggest banks find a further £27bn of special capital in the next …

Is the next financial crisis nigh? Could closure of Third Avenue Fund finally explode the post-crisis asset bubble?

The closure of a number of US funds linked to the high yield corporate debt market is eerily reminiscent of the events that led up to the global financial crisis<p>As every student of recent economic history will know, the first rumble of thunder in the Global Financial Crisis came with the collapse …

Mortgage-Backed Securities

Overstock has $10 million of gold and silver stored at an off-site facility to pay employees in case there's a financial crisis

Overstock is ready for a real crisis.<p>A report in the Financial Times on Thursday highlighted the online retailer's roughly $10 million of gold and silver — that is, physical gold and silver — it owns in case there's another crisis and the company needs to make payroll.<p>As detailed in the company's …

Gold coin sales haven't been this high since the financial crisis

Sales of US gold Eagle coins are going gangbusters.<p>According to a new report from the World Gold Council, gold buyers saw an opportunity in the falling price.<p>"US retail investment demand jumped to 32.7 tonnes, generating growth of more than 200% year-on-year," the WGC observed. "This signaled both …

The international banking system just recorded its biggest slump since the financial crisis

Cross-border lending fell by $910 billion (£589 billion), an enormous slump, and the largest since the fourth quarter of 2008, the worst bit of the global financial crisis.<p>BIS is often referred to as the central bank of central banks, collating information on financial flows around the world and …

The man who steered Britain through the 2008 financial crisis is now working for Morgan Stanley

The appointment of Darling, who was Chancellor of the Exchequer from 2007 to 2010, is effective from January 1, the bank said in a statement on Wednesday.<p>James Gorman, chairman and CEO of Morgan Stanley, said: "He brings strong leadership experience, as well as insight into both the global economy …

South Africa are heading towards crisis with a lack of form, injuries and financial concerns building

The stakes are high for the home side in Kingsmead as they attempt to cling on for survival in the opening Test<p>The result of the first Test of a series is always billed as crucial but for South Africa the stakes feel higher than usual as they cling on for survival at Kingsmead.<p>It is too early to be …

China Faces 2016 Crisis as Bad as U.S. Mortgage Meltdown

Editors' Pick: Originally published Dec. 28.<p>China faces a "sudden stop" in its economy in 2016, as the government loses its ability to prop up …

Stock Markets

These 7 Movies Tell the Real Story Behind the Financial Crisis

The movie <i>The Big Short</i> opened in theaters nationwide Dec. 23, and it is the latest example of a Hollywood production laying the blame for the 2008 …