Even Italian banks are dumping Italian government bonds… Read More What’s Keeping Italy’s Government Debt from Blowing Up?
More than just a few “fallen angels”… Read More The ECB Morphs into the Mother of All “Bad Banks”
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
And this might become a problem for the Fed… Read More Has Super Mario Draghi Met His Match?
Less than a decade after various complex, synthetic, squared, cubed and so on securitized debt structures nearly brought down the financial system, here come “Sovereign Bond-Backed Securities.”… Read More In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt
Nerves are fraying in the corridors of power of the Eurozone’s third largest economy… Read More In Bleak Prognosis, Italy’s Financial Regulator Threatens EU with Return to a “National Currency”
Germans have a soft spot for physical lucre while the ECB and Europe’s executive branch, the European Commission, have openly expressed their desire to suppress, or even punish, its use… Read More War on Cash Puts ECB, EU on Collision Course with Germany
“The ECB’s accountability framework is not appropriate for the far-reaching political decisions taken by the Governing Council”… Read More Shock, Horror: ECB Not as “Independent” as it Claims – Report
To the ECB’s barely contained glee, inflation is back, alive, kicking and biting, in the Eurozone.… Read More ECB Trapped in its Own “Doom Loop” as Inflation Surges
The new inquiry will delve into Draghi’s membership of the Group of Thirty, a secretive forum of influential finance executives, academics, and policy makers that was founded in the late seventies at the initiative of the Rockefeller Foundation.… Read More ECB’s Insider Connections Under Scrutiny Again
The only thing that makes bank runs worse is the realization that one is taking place.… Read More Italy Slams ECB For Revealing It Has A "Bank Run" Problem
The ECB’s new role as “debt-buyer of first resort” raises a whole litany of concerns.… Read More Here Are the Multinationals whose Bonds the ECB is Discreetly Buying