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The $555 Trillion Derivatives Debt Implosion Is About to Begin
The next crisis is here.The BREXIT or British exit from the EU is this crisis’ Bear Stearns: an unexpected situation that Central Banks will go all out to sweep under the rug.Whether or not they will...
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"Brexit Is A Bear Stearns Moment, Not A Lehman Moment"
By Epsilon Theory's Ben Hunt of Salient Partners Waiting for Humpty Dumpty June 24, 2016Humpty Dumpty sat on a wall,Humpty Dumpty had a great fall.All the king’s horses and all the king’s menCouldn’t...
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"The Global Economy Can No Longer Rely On Debt" - BIS Warns Central Bank...
It's late June which means it is time for the annual warning by the Bank of International Settlements about the growing futility of monetary policy and central bank impotence. Exactly one years ago,...
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A Tale Of Two Asset Classes: Gold Miners Soar, Banks Crash
Submitted by John Rubino via DollarCollapse.com,The following tables illustrate one of the dilemmas of mainstream money management:The vast majority of financial advisers and portfolio managers are big...
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Pound Plummets To New Lows; 10Y Gilts Slide Under 1%; British Banks Halted...
After a modestly stronger open, which saw sterling rebound to just under 1.35, the British currency has taken another sharp leg lower in recent trading tumbling another 3%, to a low of 1.3224 - taking...
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"It's a F##king Bloodbath" - European Banking Stocks Collapse As UK Default...
Traders are frantic this morning as George Osborne's calming words have done nothing to halt the carnage. From Italian bankscrashing over 25% to British banks being halted, trading at record lows, to...
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Deutsche Bank: "There's No Escaping The Fact That This Is A Class War"
From DB's Jim Reid, who succintly explains the "benefits" of 7 years of ZIRP, NIPR, Twist and QE... and leaves off with hopes for helicopter money.The shockwaves and consequences around Brexit will...
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President Of The European Parliament: "It Is Not The EU Philosophy That The...
If anyone needs another confirmation that the European Union is fundamentally the most anti-democratic entity currently in existence, then the following statement by European Parliament Martin Schultz...
View ArticleFrontrunning: June 28
Brexit vote, UK political confusion keep world markets on edge (Reuters)Cameron Heads to Last Supper in Brussels Amid Impasse in London (BBG)Banks Get Reprieve From Brexit Hammering (WSJ)U.S. Stock...
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How They Hedged Brexit: Soros Was Short Deutsche Bank, Druckenmiller Was Long...
As we reported yesterday, one of the bigger losers from the Brexit referendum was none other than Soros, who as it turned out had put his money where his "doom and gloomy" Guardian Op-Ed was and as a...
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"Helpless In The Face Of British Chaos" - What French And German Newspapers...
With headlines and soundbites now emerging from today's Brussels summit where David Cameron is the star attraction, here is how both the British referendum as well as the EU summit are being viewed...
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Why The ECB Thinks Brexit Is Not A "Lehman Moment"
Before we start - here are some facts:The British Pound suffered an 18-standard-deviation devaluation... With European bank stocks collapsing at the greatest rate ever... ever!! And finally US bank...
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Fed Fails Deutsche Bank And Santander In Stress Test, As 31 Other Banks...
One week ago, the Fed released the first part of its annual solvency stress test, which found that all 33 bank participants had passed, and would not need additional capital even in a severely adverse...
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Brexit Aftermath - Here's What Will Happen Next
Submitted by Brandon Smith via Alt-Market.com,In my article 'Brexit: Global Trigger Event, Fake Out Or Something Else?', published before the U.K. referendum vote, I outlined numerous reasons why I...
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"Deutsche Bank Poses The Greatest Risk To The Global Financial System": IMF
Over three years ago we wrote "At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World" in which we introduced a bank few until then had imagined was the riskiest in...
View ArticleFrontrunning: June 30
Brexiters at war as Johnson pulls bid to be PM (FT)Soros Says Brexit Has ‘Unleashed’ a Financial-Markets Crisis (BBG)World stocks poised for worst month since January (Reuters)China to tolerate weaker...
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Is Europe In Trouble Again: Hints Of Portuguese, Italian Bank Bailouts...
In the aftermath of Germany refusal to allow Italy to breach Eurozone regulations, and provide its banks with up to €40 billion in new capital, Italy has unveiled a new track to handle its insolvent...
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IMF Warns Brexit "Uncertainty" Means "Even Lower Growth" For UK, EU
The IMF appears set on making sure the exuberance in stocks is not mistaken for any reflection on optimism. Having warned of the systemic fragility due to Deutsche Bank, Madame Lagarde's pre-Brexit...
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World's Most Systemically Dangerous Bank Crashes Back To Record Lows
Despite all the exuberance over the Brexit bounce in US (and UK) equities, never minds bonds, FX, and credit being far less enthusiastic, Deutsche Bank is plunging once again this morning. Having...
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Diving Into Deutsche Bank's "Passion To Perform" Balance Sheet
Submitted by Michael Shedlock via MishTalk.com,Deutsche Bank shares have collapsed to lows deep under crisis lows and collapse of Lehman in the Great Financial Crisis...What’s going on?An investigation...
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