What’s Keeping Italy’s Government Debt from Blowing Up?
Even Italian banks are dumping Italian government bonds… Read More What’s Keeping Italy’s Government Debt from Blowing Up?
Category: Central Banking
With LIBOR Dead, $400 Trillion In Assets Are Stuck In Limbo
While the rationale for replacing Libor is well understood, there are still no clear alternatives… Read More With LIBOR Dead, $400 Trillion In Assets Are Stuck In Limbo
There Is Only One Empire: Finance
Nothing wipes out “wealth” quite as quickly or effectively as a currency meltdown resulting from a sudden loss of faith / risk-averse capital exodus… Read More There Is Only One Empire: Finance
The ECB Morphs into the Mother of All “Bad Banks”
More than just a few “fallen angels”… Read More The ECB Morphs into the Mother of All “Bad Banks”
People Not Amused by EU Efforts to “De-Cash” their Lives
EU survey results show respondents overwhelmingly oppose proposals to impose an EU-wide cash ceiling that would throttle use of cash… Read More People Not Amused by EU Efforts to “De-Cash” their Lives
Has Super Mario Draghi Met His Match?
And this might become a problem for the Fed… Read More Has Super Mario Draghi Met His Match?
These Charts Show the Fed’s Stress Tests as a Dangerous Illusion
The reason the 5 mega bank stocks trade like a herd in a stressed market environment is because these banks are a herd… Read More These Charts Show the Fed’s Stress Tests as a Dangerous Illusion
Why Wall Street Should Be Viewed as a Major National Threat
If a foreign country inflicted the scale of damage to the U.S. economy with a military weapon that Wall Street has done with its financial weapons, that country would have been reduced to bombed-out, smoldering ruins by now… Read More Why Wall Street Should Be Viewed as a Major National Threat
Mark Blyth–“The Business Model of Investment Banking is Bust”
After decades of fuelling bubbles in stock markets, real estate and commodities, banks — particularly investment banks — have run out of ways to make money… Read More Mark Blyth–“The Business Model of Investment Banking is Bust”
Many European Banks Would Collapse Without Regulators’ Help: Fitch
Only two things keep these banks alive: “a State willing to support them and a regulator that does not declare them insolvent”… Read More Many European Banks Would Collapse Without Regulators’ Help: Fitch
Autopsy of Banco Popular Shows Fragility of EU Banking System
What would a disorderly bank collapse in Spain and Italy have done?… Read More Autopsy of Banco Popular Shows Fragility of EU Banking System
Yanis Varoufakis Blows the Lid on Europe’s Hidden Agenda
The former finance minister of Greece talks about his new book Adults In The Room – My battle with Europe’s Deep Establishment. He also discusses the nuclear option he came close to using to dynamite the ECB’s Quantitative Easing program… Read More Yanis Varoufakis Blows the Lid on Europe’s Hidden Agenda
