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HONG KONG: China’s property market is beginning a “collapse” that will hit the nation’s banking system, said Kenneth Rogoff (above), the Harvard University professor and former chief economist of the International Monetary Fund. As China’s economy develops, “especially at the speed it’s growing, it’s going to have bumps”, said Rogoff, speaking in an interview with Bloomberg Television here …

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Random Feed wrote an interesting post today on
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� Renowned expert Kenneth Rogoff says bubble would inevitably affect Chinas banking system and open the door to another crisis. He urges Beijing to rethink its development strategy. Other experts disagree.

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Random Feed wrote an interesting post today on
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The latest bubble is about to burst, but this time it’s in the commercial market. Here’s how to see it coming. By Katie Benner Fortune.com NEW YORK (Fortune) — When the FDIC closed Chicago’s Corus Bank last month, it may have signaled the beginning of the next shock to the banking system: commercial real estate defaults. Corus, whose balance sheet was larded with bad construction loans, is just one of many banks that have a slew of this debt on their books. Refinancing the $2 trillio

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Random Feed wrote an interesting post today on
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DailyFinance.com It’s a big number that only tells part of the story. The number of banks that have failed so far this year topped 100 on Friday — hitting 106 by the end of the day — the most in nearly two decades. But the trouble in the banking system from bad loans and the recession goes even deeper. Dozens, perhaps hundreds, of other banks remain open even though they are as weak as many that have been shuttered. Regulators are seizing banks slowly and selectively — partly to avoi

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Saturday, October 24, 2009cynicuseconomicusThe US – The Real Economy and the False EconomyDo you remember the stress tests for the banking system in the US? They were the subject of negotiations by the banks with regards to the outcomes, making them remarkably relaxed stress tests. There was an assumption in the stress tests for an unemployment rate of 8.9% (a curiously precise figure), and 10.3% in 2010. The unemployment rate had already reached 9.8% in September, with expectations of further r

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