European Bank Risk Soars To 3 Year Highs, US Risk Rising
We are going to need more “whatever it takes.” And with Draghi’s efforts to shove sovereign bonds down the throat of Europe’s banks, the sovereign-to-financial linkage is now systemically as…
“Recovery” Fable Unravels As BOE Cuts Growth Forecast, Eurozone Slashes Inflation Outlook
As you might have noticed, the “recovery” story is starting to fall apart. Central banks across the globe are running out of excuses for why trillions upon trillions in global…
US Factory Orders Plunge As Inventories Ratio Soars To Recession Cycle Highs
With the Services economy now catching down to Manufacturing’s demise (in its lagged – not decoupled – manner), this morning’s news that US Factory Orders tumbled 2.9% in December (worse…
DMO says Nigeria’s debt rises by N1.31tn in 2015 alone
The Debt Management Office said Nigeria’s debt burden rose by N1.31tn in one year, according to a report monitored by The Punch. On Wednesday in Abuja, the DMO released official…
Paul Craig Roberts: There Is No Freedom Without Truth
Authored by Paul Craig Roberts, “This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence — economic, political, even…
Analysis: 78% Of Nigerian CEO’s Keep Their Strategies Secret
According to a recent report by Innosight, a consulting firm, the average lifespan of an S&P 500 listed company had declined to 18 years as at 2011 and the decline…
Iraqi Kurd Leader Wants Independence Referendum: “The Time Has Come And The Situation Is Suitable”
Iraq probably didn’t need to become any more fractious. The country is deeply divided along sectarian lines with the Shiite government effectively making up for lost time spent under Saddam…
Is It Time To Panic About Deutsche Bank?
Back in April 2013, we showed for the first time something few were aware of, namely that “At $72.8 Trillion, The Bank With The Biggest Derivative Exposure In The World”…
The Continuing Demonization Of Cash
Submitted by Paul-Martin Foss via The Mises Institute, The insidious nature of the war on cash derives not just from the hurdles governments place in the way of those who…
PBOC Strengthens Yuan By Most In 2 Months As Golden Week Looms
With just one more day of trading before China’s lunar new year and Sping Festival Golden Week holiday, it appears The PBOC wants to flex its intervention muscles. By strengthening…