The Fiscal Stimulus and Market Turnaround: 5-Year Anniversary

Commentators are taking note of the five-year anniversary of the fiscal stimulus that President Obama enacted during his first month in office. Those who don’t like Obama are still asking “if the fiscal stimulus was so great, why didn’t it work?”

The Ruse of the BIS

What Is the Most Dangerous Global Institution? And Banks to Avoid (Revisited) Written by Elliott Morss, Morss Global Finance Introduction In my last article, I argued that the Middle East, India, and the Eurozone were the most dangerous regions in the world. In this piece, I argue that the Bank for International Settlements is the …

Are We Protected From Another Collapse?

Banks, Securitization & Incentives by Elliott Morss, Morss Global Finance Introduction The bank crisis was serious – $52 trillion in capital losses leading to the largest global recession since 1929. We should work hard to insure it does not happen again. But there is a problem: there is little agreement on why it happened. The …

Too Big to Fail is a Red Herring

TARP Revisited: Banks “Too Large to Fail”- A Red Herring by Elliott Morss, Morss Global Finance Introduction Remember the Troubled Asset Relief Program (TARP)? Initiated in 2008 to bail out the US financial system, it is still around. In this, my fifth review of the program, I note that most of the money lent out …