Imam who masterminded the 2017 strike had been acting as an informant. The day after the Barcelona and Cambrils attacks, the intelligence file on the imam was reportedly wiped out… Read More Spanish Intelligence Knew of Terror Cell Ahead of Barcelona Attack, Say Reports
The markets are showing disconcerting parallels with late 2007… Read More Is There a Stealth Financial Crisis? Alarm Bells Are Ringing.
What is the author of “The Art of the Deal” to do when nobody wants to negotiate any more deals with the US, now knowing full well that the US always finds ways to renege on its obligations?… Read More The Death of the Liberal Idea
The Italian lender’s earnings have been hobbled by hidden losses and bad loans.… Read More What the ECB Didn’t Say About Monte dei Paschi’s Bailout
The ECB is letting the Italian government know that it won’t sit by and allow the Bank of Italy to sell off its gold reserves to help right the country’s troubled finances… Read More ECB To Italian Government: Your Gold Is Ours
As with real life porn, voters can watch but they can’t participate … Read More Brexit: Democracy Porn
NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus… Read More Bad Loans Still Too High at Eurozone Banks, ECB Warns
Even by its own recent standards… Read More Lordy, Deutsche Bank Is Having a Nightmare Month
What to do with those messy banks ignites further tensions.… Read More Italian Banks Are At It Again, Shares Re-Crushed
Madrid, Barcelona, other markets are well on their way. But some markets are still crushed… Read More Busted Housing Bubble 1 Morphs into Housing Bubble 2 in Spain?
Nearly everyone wonders, “Why is Donald Trump crazy enough to impose tariffs on imports from other countries? How could this possibly make sense?”… Read More Why It (Sort of) Makes Sense for the US to Impose Tariffs
Once again, he political classes have turned in on themselves, playing their dire games instead of getting on with the job for which they are paid… Read More Brexit: Is Today the Day?