Page 2 - Next Collapse News Today

CAMBRIDGE — Reacting to Silicon Valley Bank’s sudden collapse, André Esteves, a senior Brazilian banking executive, recently told Bloomberg that “SVB’s interest rate risk would’ve been obvious to any banking intern in Latin America”. To some, this remark will sound rather rich coming from a region that has had no shortage of banking-sector problems. Nonetheless, Esteves’s

Mohamed El-Erain thinks the US Fed's miltiplying failures have done serious damage to its reputation and effectiveness

CAMBRIDGE – Reacting to Silicon Valley Bank’s sudden collapse, André Esteves, a senior Brazilian banking executive,...

 CAMBRIDGE  —  It has been seven months since Europe and the United States imposed tough economic and financial sanctions on Russia, a G-20 country that was the world’s eleventh-largest economy on the eve of its invasion of Ukraine. While the sanctions have been gradually strengthened in the intervening months, debate rages about their effectiveness, the war’s broader

 CAMBRIDGE  —  It has been seven months since Europe and the United States imposed tough economic and financial sanctions on Russia, a G-20 country that was the world’s eleventh-largest economy on the eve of its invasion of Ukraine. While the sanctions have been gradually strengthened in the intervening months, debate rages about their effectiveness, the war’s broader

Fluctuating Chinese demand has contributed to this year's volatility in international oil prices. But the latest evolution on the supply side will have immediate geopolitical and financial implications that go well beyond the oil market. Specifically, Saudi Arabia has returned as the most important swing producer and thus the most influential marginal price-setter. But how long this situation will last is unclear.

Fluctuating Chinese demand has contributed to this year’s volatility in international oil prices. But the latest evolution on the supply side will have immediate geopolitical and financial implications that go well beyond the oil market. Specifically, Saudi Arabia has returned as the most important swing producer and thus the most influential marginal pricesetter. But how long this situation will last is unclear.

Mohamed A. El-Erian, chief economic adviser at Allianz, is the author of “The Only Game in Town: Central Banks, Instability and Avoiding the Next Collapse.” Twitter: @elerianm

Dec 31, 2020 Cambridge, England – For people around the world, arguably the greatest hope is that 2021 will be a year of beneficial transformation: rapidly recovering economies, firms eager to pivot to offense with “resized” business models, and governments talking about “building back better.” The risk, as yet insufficiently appreciated, is that decision-makers will end up spending most (and too much) of the year dealing with both existing and new damage from the COVID-19 sh...