Germany, a country where the needs of industry trump the needs of banks, is a notoriously difficult banking market… Read More Shotgun Marriage: Deutsche Bank and Commerzbank Discuss Merger
Europe’s leading economic policy makers have officially thrown in the towel… Read More Europe Is So Weak It Can’t Even Handle 0% Interest Rates
And other juicy banking nuggets… Read More US Banks Report $251 billion of “Unrealized Losses” on Securities Investments in 2018, the Most Since 2008: FDIC
There are huge financial incentives at the New York Federal Reserve to go along, get along, and keep your mouth shut about fraud. Or more succinctly put, FUMU – “f**k up, move up.” … Read More A Book on Wall Street’s Dark Underbelly Could Alter Election Outcome in 2020
Why rates can’t — and won’t — rise. … Read More How Central Bankers Blew Up the Global Economy
There is a strong possibility that the EU’s leaders will soon be faced with a choice: try to save Italy (and the whole of Europe) from yet another crisis or set an example by punishing the Italian government for the country’s independent economic and foreign policies… Read More Default Or Exit: A Battle Between Italy And The EU Is Inevitable
Its central bank is not the only one meddling in the U.S. stock market… Read More This Tiny Country Has $245 Billion Invested in U.S. Stocks
Relying on monetary policy to prop up asset prices and smooth out global volatility is a recipe for disaster… Read More If Central Banks Are The Only Game In Town, We’ve Lost
While contagion is definitely contained, the Eurozone “is not sufficiently armed to face a new economic or financial crisis.” French banks are heavily exposed to Italy.… Read More “New Economic or Financial Crisis” in the Eurozone Could Start in Italy: French Government Frets
“A development that is surprising during a strong economy and labor market”: New York Fed
… Read More Subprime Arrives: Auto-Loan Delinquencies Spike to Great Recession Levels
This “U.S. coup manual,” recently highlighted by WikiLeaks, serves as a reminder that the so-called “independence” of such financial institutions as The World Bank and IMF is an illusion and that they are among the many “financial weapons” regularly used by the U.S. government to bend countries to its will.… Read More Leaked Wikileaks Doc Reveals US Military Use of IMF, World Bank as “Unconventional” Weapons
Italy’s Salvini said the Bank of Italy and the country’s stock market regulator should be “reduced to zero”, and that “fraudsters” who inflicted losses on Italian savers should “end up in prison for a long time.”… Read More Italy Vice-Premier Salvini Calls For Elimination Of Central Bank, “Prison Time For Fraudsters”
