Welcome to Capital Account. As the US ‘fiscal cliff’ approaches, Reuters reports that Republicans are preparing a House vote on John Boehner’s ‘Plan B,’ a plan the Whitehouse has promised to veto. Meanwhile, credit ratings agency Fitch has warned...
At the intersection of markets, politics and the global economy is Capital Account with Lauren Lyster. Broadcasting live out of RT America's studios in Washington DC, Capital Account brings you in-depth analysis and discussion of the most important financial and economic news from a perspective you won't find in the mainstream media.
Welcome to Capital Account. As the US ‘fiscal cliff’ approaches, Reuters reports that Republicans are preparing a House vote on John Boehner’s ‘Plan B,’ a plan the Whitehouse has promised to veto. Meanwhile, credit ratings agency Fitch has warned...
Welcome to Capital Account. Is the stock market partying like its 1999? Despite major risks and a lack of corporate transparency, the stock market has made strong gains over the last year. As Bloomberg recently noted, “Americans have missed out on...
Welcome to Capital Account. Economist Nouriel Roubini, also known as Dr. Doom, has predicted another crisis in the US in his Financial Times op-ed, warning readers. “Given the dysfunctional nature of the American political system, it won’t be long...
Welcome to Capital Account. As we begin 2013, we reflect on some economic predictions that never came true. After the Fed’s unprecedented actions in 2008, some predicted massive double digit inflation by now. Yet headline consumer price inflation,...
Welcome to Capital Account. Today is the end date of the ancient Mayan Long Count calendar, which some believe marks the end of civilization. Well, since the world hasn’t ended yet, we take the opportunity to reflect on this year’s economic trends...
Welcome to Capital Account. As expected, UBS has settled over accusations of Libor-rigging, paying $1.5 billion in fines. In addition to the settlement and guilty plea from UBS’ Japanese subsidiary, regulators released details on the communications...
Welcome to Capital Account. Several Japanese pension funds started to invest in gold for the first time, according to the Wall Street Journal. The report claims the funds are looking to mitigate the damage of market shocks and reduce the risks...
Welcome to Capital Account. UBS is expected to pay as much as 1.6 billion dollars to settle charges of Libor rigging with US, UK, and Swiss authorities, according to Bloomberg. The settlement is over alleged rigging of the yen Libor interest rate...
Welcome to Capital Account. Whether it's going over the fiscal cliff or Spanish house prices suffering a severe fall, there seems to be a universal financial fear of gravity. Even though we are certainly scared of falling, we don't seem to have much...
Welcome to Capital Account. Municipal bonds, traditionally seen as a safe investment, were the basis of Meredith Whitney's crisis warnings in 2010. She predicted hundreds of billions of dollars in defaults, telling CBS’s 60 Minutes “there is not a...