Having been at the forefront of the recent collapse in core European bank stock prices, Deutsche Bank has – as we first reported last weekend – been ‘crying uncle’ but…
As we have reported previously on various occasions things are bad for European banks: from DB’s record wide 5Y Sub CDS, to Credit Suisse record low stock price, to everyone…
Remember the vicious cycle that threatened the entire European banking sector in 2012? It went something like this: over indebted sovereigns depended on domestic banks to buy their debt, but…
Yesterday we outlined that Central Banks’ War on Cash is about to go into Hyperdrive. Today we’re discussing just the policies Central Banks are already working to implement to eviscerate…
Deustche Bank stock is ripping 10% higher after confirming old news that it will undertake a modest debt buyback of $2 billion and €3 billion (not including the CoCos). Have…
There was much at stake in today’s retail sales report, because had the Census reported another miss in the headline, ex auto and control group data, it would have made…
Via Dana Lyons’ Tumblr, The correction in the equity markets has brought the S&P 500 down close to a confluence of key technical levels. People ask us all the time…
The writing has been on the wall for quite a while and indeed it was just three days ago when we reported that the EU was mulling a two-year Schengen…
There was hardly a blemish in today’s retail sales report: the January numbers not only beat expectations across the board, including the all important control group which printed at 0.6%…
Submitted by Charles Hugh-Smith of OfTwoMinds blog, What NIRP communicates is: this sucker’s going down, so sell everything and hoard your cash and precious metals. The last hurrah of central…