Critics are renewing attacks on the German giant’s investment banking division now that talks with Commerzbank have collapsed… Read More Deutsche Bank Has No ‘Plan B’
“The worst labor market” on the planet: unemployment exceeded 20% in three downturns over the past 35 years.… Read More Unemployment in Spain Still Miserably High Despite Six Years of Economic Growth
The continued existence of the Eurozone could be under threat… Read More Italy’s ‘Perma-recession’ Could Trigger a €2 Trillion Financial Crisis
The fate of the global economy rides on the answer.… Read More It’s 2016 All Over Again. Or Is It?
February was bad. Housing market weakness is now spreading out from London.… Read More London Home Prices Had Biggest Monthly Drop Since Lehman
According to Heiner Flassbeck, former head of UNCTAD, there are many factors pointing to a convergence in a normal cyclical downturn, deepening recession in Europe, complicated by a potential “no deal” Brexit… Read More Is Global Recession Looming?
If the average American knew that the very same banks that blew up the U.S. economy just a decade ago were warning in their own 10K legal filings that the same thing could happen again at any moment, there would be mobs with pitchforks in the street… Read More Derivatives Could Blow Up Wall Street Again, Warn Megabanks
The primary reason for the recent turmoil is the bursting of Turkey’s 15 year old credit bubble… Read More Turkey Is Unravelling Fast
Opposition Is Growing to Merger Between Deutsche Bank and Commerzbank… Read More Deutsche Bank Seeking a “Guarantee of Existence” with Monster-Merger?
The scale and scope of this debt binge is truly breathtaking… Read More The Countries with the Most Monstrous Corporate Debt Mountains
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
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