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Could Italy's Banking Crisis Drag Down Mario Draghi?
Authored by Don Quijones via WolfStreet.com, Just don’t mention “Antonveneta.”A blame game has begun in Italy that risks casting a bright light on the leadership of both the Bank of Italy and Italy’s...
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The 'End Of Dreams' And The Saving Of Appearances
Authord by Alastair Crooke via The Automatic Earth blog,Robert Kagan first called attention to the fact that America would need to awake from its ‘dream’ a decade ago in End of Dreams: The Return of...
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US Futures, World Stocks, Bitcoin All Hit Record Highs
US equity futures continued their push higher overnight (ES +0.1%), and the VIX is 1.5% lower and back under 10, after yesterday's blistering surge in US stocks which jumped 1%, the most since Sept....
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Did Janet Yellen Just Recommend Buying Bitcoin
Janet Yellen's last semi-annual testimony before Congress as Fed Chair has just concluded, and as usual it was filled with long-winded platitudes, which were enough to make the blood of anyone actually...
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Deutsche Bank Explains The Five Biggest "Market Conundrums"
While pundits contemplate whether the bitcoin bubble is bigger, smaller or the same size as the dot com bubble, few are willing to admit that day to day events in the equity market are just as...
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What Is Behind China's Bond Rout?
Until a modest dip in Chinese bond yields in the past two days, 10y CGB and 10y policy bank bond yields soared by 40bps and 70bps, respectively, over the last 2 months. In fact, Chinese government...
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The 'Pecking Order' In A World Of Hollow Freedoms
Authored by Ben Hunt via Epsilon Theory blog,"If we can agree that trickle down is just a ruse invented to trick the gullible, we should also agree that any and all QE is robbery in plain daylight."Out...
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Blow.Off.Top.
Authored by Sven Henrich via NorthmanTrader.com,No period is worse for bears than when it’s the best time to sell stocks. It’s the polar opposite of when conditions are worst for bulls, right when it’s...
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Silver's Positive Fundamentals Due To Strong Demand In Key Growth Industries
Silver's Positive Fundamentals Due To Strong Demand In Key Growth Industries- Increased efforts in green energy and advanced technology set to boosts silver's demand- Four-year supply deficit set to...
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Bubble Watch: The Everything Bubble is Riskier and Less Liquid Than Housing
As we keep emphasizing, the world is in an Everything Bubble.In truth, it is a bubble in sovereign bonds, created by Central Banks attempting to corner these markets via ZIRP and QE.However, because...
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China: Systemic Risk Surges As HNA's High Coupon Borrowing Binge Accelerates
In early November 2017, we returned to one of our favourite subjects, systemic risk in China related to its big four highly-indebted conglomerates, HNA, Anbang, Evergrande and Dalian Wanda. In...
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Tax Euphoria Fades As Tech Rout Spreads
One look at S&P futures this morning reveals an unchanged market, however it is again the violent sector rotation that is taking place behind the scenes that is the real story, with defensive...
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Mueller Goes After Trump's Bank Accounts, Subpoenas Deutsche Bank
Special Counsel Robert Mueller has subpoenaed Deutsche Bank, demanding that it disclose details of transactions and documents on accounts help by President Trump and members of his family as the...
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Trump Attorney Denies Deutsche Bank Received Mueller Subpoena
Early in the European trading session, German media reported and Bloomberg confirmed that Special Counsel Robert Mueller had subpoenaed Deutsche Bank several weeks ago for details of transactions...
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How "Ghost Collateral" And "Yin-Yang" Property Deals Will Collapse China's...
One lesson from the 2007-08 crisis was that the vast majority of financial market participants, never mind the general public, were unfamiliar with subprime mortgages until the crisis was underway....
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Watered Down And Delayed - European Bank Shares Love The Final Basel III...
To the relief of the banks and investors, the Basel III rule book was “watered down” sufficiently that the announcement that the deadlock had been broken led to a spike in European bank stocks on...
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China Systemic Risk: HNA Group Denies Liquidity Problem, It's Only...
Every few days at the moment, it seems, we return to the subject of systemic risk in China related to its big four highly-indebted conglomerates, HNA, Anbang, Evergrande and Dalian Wanda. Our main...
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Trump Lashes Out At "Fake News" CNN For "Vicious And Purposeful" Mistake,...
After yesterday's latest botched hit job by CNN on president Trump, which came exactly one week after the fiasco where erroneous ABC reporting on the Flynn affair sent the market tumbling, it was only...
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Strzok-Gate And The Mueller Cover-Up
Authored by Alexander Mercouris via TheDuran.com,Almost eighteen months after Obama’s Justice Department and the FBI launched the Russiagate investigation, and seven months after Special Counsel Robert...
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These Are The 30 Biggest Risks Facing Markets In 2018
Once upon a time, Wall Street analysts had just two things to worry about: interest rate risk and corporate profits - virtually everything else was derived from these. Unfortuantely, we now live in...
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