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”
What could this mean for one of its big creditors, the ECB?… Read More Spanish Grocery Giant Unveils Big Losses, Teeters on Brink of Bankruptcy, after Allegations of Accounting Fraud
Italy’s $1.7 trillion pile of public debt – the third largest sovereign debt pool in Europe – is threatening to set off a chain reaction that could hammer banks from Rome, to Madrid, to Frankfurt – and beyond… Read More How An Italian Debt Crisis Could Take Down The EU
The banking lobby and the ECB will have a cow.… Read More Italy Guns For Glass-Steagall-Type Law to Break Up Banks, Cut Bailout Costs for Taxpayers
Normally, this would be ironic: The Fed doesn’t need to borrow; it creates money when it needs some. So it wouldn’t pay interest. But these are not normal times.… Read More At Taxpayers’ Expense, Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018. Here’s How
Well, that didn’t take long. And whatever happened to the Eurozone’s new bail-in rule?… Read More Italy’s Populist Government Eats Words, Joins Bank Bailout Club
This is embarrassing in the land of super-stimulus via the ECB’s negative-interest-rate policy and years of QE… Read More Germany Heads for a Technical Recession
Ashoka Mody on the arrogant delusion of the architects of the EU… Read More The Euro: A Mindless Idea
Here’s the evidence… Read More It’s Time to Hear the Ugly Truth: Central Banks Are Propping Up the Market
Be prepared for the appearance of negative feedback cycles in markets as global monetary stimulus is withdrawn… Read More Five Doom Loops to Navigate in 2019
Inventive policymaking has only made the problem worse, guaranteeing that any eventual restructuring will be all the more painful.… Read More The World Will Pay For Not Dealing With Debt
Bottom fishers were taken out the back and shot… Read More Deutsche Bank Death Spiral Hits Historic Low. European Banks Follow
