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Here’s a summary of stories from this past trading week, with a link to the full articles online.
6 Big Eurozone Banks on the Brink
If you think Britain’s exit from the European Union is going to shock the economy, wait till you see the condition of Europe’s most vulnerable banks. Martin D. Weiss, Ph.D., reveals his updated ratings of the largest global banks in the world.
Say Good Night, Siri
Apple has stubbornly avoided embracing cloud computing – leaving Siri powerless to compete with a new generation of cyber assistants that (who?) live in the cloud and use true artificial intelligence algorithms.
The Stock Market Could DOUBLE in Just Three Years and Nobody Wants to Buy!
Practically everyone on Wall Street is bearish on China right now. But they’re all wrong, says Larry Edelson, because the Red Dragon is just gathering itself to take flight again.
China’s growth is still the envy of practically every other nation on Earth in today’s slow-growth world.
Do You Need Weapons, Combat Skills in Today’s World?
When push comes to shove, says security expert Jeff Cantor, combat training is your last best hope to survive a mugging or other assault.
11.7 Trillion Reasons Why the Yield Chase Is Out of Control
Around the world, $11.7 trillion in sovereign bonds offer interest rates of less than zero. So investors have been desperately scrambling to find places to keep their money so they can at least break even.
The Week’s Hot News
Money and Markets columnist Mike Larson, Boris Schlossberg, and Mike Burnick take a look at key financial and political events around the globe after the market close. Here are the week’s highlights:
Wheels Come Off as European Banks, British Pound, Bond Yields Crash
You can’t blame all the havoc in the markets on Brexit, says Mike Larson. If it hadn’t been triggered by Britain’s bolt from the EU, it would have been something else. The Brexit Effect is just a symptom of a bigger economic disease.
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Can Markets Find More Than Temporary Relief? Here’s My Take…
Stocks rose Tuesday in a bit of a bounce-back after a couple of rough days. But Mike Larson warns all optimists to keep their Pollyanna hats on — because it’s probably not sustainable.
The Stupidity of Brexit
Currency expert Boris Schlossberg talks trash to the Brexit crowd, blaming the “Leave” victory on the “illiterate” and “least productive” citizens in Great Britain. Then, he really gets nasty.
These Markets Emerge as Brexit Winners
In a shocking reversal of fortune, emerging markets have become “safe havens” from the volatile and debt-ridden economies in the developed world. Mike Burnick explains how Brexit has turned conventional wisdom on its ear.
The Money and Markets Team