How Corporate Zombies Are Threatening The Eurozone Economy
The recovery in Eurozone growth has become part of the synchronised global growth narrative that most investors are relying on to deliver further gains in equities as we head into 2018. However, the...
View ArticleIt Begins: Pension Bailout Bill To Be Introduced This Week
Over the past year we have provided extensive coverage of what will likely be the biggest, most politically charged, and most significant financial crisis facing the aging U.S. population: a...
View ArticleFannie, Freddie Would Need $100BN Bailout In New Financial Crisis
While the latest Fed stress test found that all US commercial banks have enough capital to survive even an “adverse” stress scenario, a severe recession in which the VIX hypothetically soars to 70, the...
View ArticleThis Is How A “Bail-Out” Becomes A “Bail-In”
Authored by Simon Black via SovereignMan.com, Here’s the perfect example of how insane our financial system has become. It was announced yesterday that, after a 24-hour white-knuckled ride, Spanish...
View ArticleGreece Is Chasing An Illusion Of Financial Independence
A Greek drama rarely ends after just one act or scene and although the recent new bailout talks haven’t really been extensively covered by the media, the Greek population will once again have to make...
View Article“Canada Hasn’t Seen A Bank Run Such As This In Decades” – Finance Minister...
zerohedge.com / by Tyler Durden / May 13, 2017 When we first said three weeks ago that the spectacular, sudden implosion of Canada’s largest alt-lender Home Capital Group or HCG – whose fate we had...
View Article“There Was White Smoke”: Greece Reaches Deal With Lenders, Promising Even...
Greek government bond yields fell after Greece and its lenders said they reached a long-awaited deal on reforms required to release further bailout funds. With a promise to further cut pensions and...
View ArticleOf Bunkers, Bankers, & Black Swans
Authored by Howard Kunstler via Kunstler.com, And suddenly the storms of early Trumptopia subside, or seem to. The surface of things turns eerily placid as the sweets of May sweep away the toils of an...
View ArticleThis Is What A Bank Run Looks Like: Home Capital Loses 70% Of Deposits In One...
In the beginning it was a slow pace, then it became a casual jog. Then, starting early last week, the jog morphed into a full-blown run, and – as of the past 3 days – the withdrawal of deposits at Home...
View ArticleContagion Fears Rise In Aftermath Of Home Capital Group Collapse
With the bank run at Home Capital Group hitting a crescendo on Friday, when in one day 36% of the liquidity at Canada’s largest non-bank lender escaped through the front door, and only an emergency...
View Article“It’s Not A War Crime”– EU Finance Chief Attempts To Defend His “Women &...
The head of eurozone finance chiefs has hit back following his recent comments on troubled European countries, telling the media “it looks like I committed a war crime.” He insists that all he wanted...
View ArticleSo Many Triggers
Authored by Jeff Thomas via InternationalMan.com, It’s not a story that’s likely to appear on the evening news, but it certainly should. Deutsche Bank has announced that it will create more shares,...
View Article25 Years Of March Market Madness
It's not called 'The Ides of March' for nothing… Wedbush Securities' Scott Skyrm reminds us: Over the past 20 years, there was a series of market sell-offs during the month of March. In 1998, it was...
View ArticleThe Next Domino To Fall: Commercial Real Estate
Via Charles Hugh-Smith of OfTwoMinds blog, Unless the Federal Reserve intends to buy up every dead and dying mall in America, this is one crisis that the Fed can't bail out with a few digital...
View Article“There Must Not Be A Bail In”: Germany Vows “No Debt Relief For Greece”
The standoff over the Greek debt crisis was nowhere closer to an amicable resolution on Sunday, when Germany’s deputy finance minister Jens Spahn said in an interview with German broadcaster...
View ArticleEU Bailout of Portugal Has Failed
armstrongeconomics.com / by Martin Armstrong / Feb 24, 2017 This year, 2017, is the beginning of the Sovereign Debt Crisis. While Greece is popping up on the financial radar, the Euro rescue in...
View ArticleFannie, Freddie Plunge After Court Rules Hedge Funds Can’t Sue
Moments ago, the stocks of the nationalized GSEs – Fannies and Freddie – tumbled by over 30%, after a federal appeals court upheld a ruling that barred hedge funds from suing to overturn the U.S....
View ArticleHow Many Euro Crises Will This Make? It’s Getting Hard To Keep Track
Submitted by John Rubino via DollarCollapse.com, Every few years, it seems, one or another mismanaged eurozone country falls into one or another kind of crisis. This leads to speculation about the end...
View ArticleExposing The “Outrageous Malevolence” Of The European Leaders
Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Earlier this week I was talking in Athens to a guy from Holland, who incidentally with a group of friends runs a great project on Lesbos...
View ArticleGREECE: IMF, Go Home!
The next few weeks will be interesting to see whether or not the European Union and the European Central Bank really care about the wellbeing of Greece and the Greek economy. The original reason for...
View Article