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Gold, Silver Best Performing Assets In H1, 2016 – Up 26% and 38%
Gold, Silver Best Performing Assets In H1, 2016 – Up 26% and 38%Gold and silver are the best performing assets in H1, 2016 and saw gains of 26% and 38% respectively. They were the best performing...
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Are We Living In "A Riskless World", Deutsche Asks
Two weeks ago, when looking at the performance of bank stocks, Deutsche Bank's Oleg Melentyev noticed that the ongoing collapse in US bank stocks relative to the change in the S&P from all time...
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This Is "Worrisome": The Probability Of A US Recession Surges To 60%,...
Ever since the US manufacturing economy entered a recession over half a year ago as a result of the collapse in capex spending in the energy sector and the soaring layoffs in shale, the strawman used...
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Deflation Is Blowing In On An Eastern Trade Wind
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,Brexit is nowhere near the biggest challenge to western economies. And not just because it has devolved into a two-bit theater piece. Though...
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Meanwhile At The Most Systemically Dangerous Bank In The World...
Another day, another fresh record low in Deutsche Bank's stock price... For comparison's sake, Deutsche Bank is analogically equivalent to where Lehman was in August 2008... when the stock soared 16%...
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ETF Securities Reports Biggest One-Day Gold Inflow Since Financial Crisis
It never ceases to amaze how vastly different the investment styles of gold paper vs physical traders are: while we have documented previously how the latter tend to buy progressively more the lower...
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Three Former Barclays Traders Convicted Of LIBOR Manipulation
As regular readers know, we have covered the manipulation of LIBOR for many years now going back to January 2009, and while our conspiracy theory once again became conspiracy fact, we do still follow...
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"China Is Headed For A 1929-Style Depression"
Authored by Sue Chang via MarketWatch.com,Andy Xie isn’t known for tepid opinions.The provocative Xie, who was a top economist at the World Bank and Morgan Stanley, found notoriety a decade ago when he...
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Goldman Expects Jump In Mortgage Refis, Blames "Burned Out" Borrowers
Due to the "new lower path for mortgage rates" Goldman is raising their estimate for 2016 MBS Issuance to $1.3 trillion from $1.2 trillion and raising their 2017 MBS issuance estimate to $1.3 trillion...
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"We've Never Had A Shock To The System Like This" - Global Selloff...
The flight to safety following last week's quarter-end window dressing is accelerating, with constant news and flashing red headlines of record low yields across DM government bonds once the norm, and...
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Ex-ECB Banker Stokes Europe's Banking Panic: "People Are Starting To Withdraw...
The latest red flag about the solvency and viability of the European banking sector came this morning from none other than the chairman of Societe General and former ECB executive board member, Lorenzo...
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And The Biggest Loser From The UK's "Falling Dominoes" Is...
Now that not just 3 (as of last night) but 5 UK property funds, with Henderson and Columbia Threadneedle became the latest two entrants to this exclusive club of clueless asset managers who have no...
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Italy Bans Short-Selling In Monte Paschi For Three Months, Forgets To Ban...
Yesterday we got the first sure sign that Italy's banking system is near collapse when in a flashback to the Greek financial crisis days of 2010-2011, Italy's bank regulator banned short selling in...
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EU Banks Crash To Crisis Lows As Funding Panic Accelerates
The signs are everywhere - if you choose to look - Europe's banking system is collapsing (no matter what Draghi has to offer). From record lows in Deutsche Bank and Credit Suisse to spiking default...
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SIBOR Forex Banking Fraud EXPOSED - another FX rate rigging scandal
Forex has been the big banks secret gold mine, supporting their other losing operations (like normal banking business, lending, etc.). To a large extent this has been unraveling, and this SIBOR...
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It's Not The Brexit Stupid!
Submitted by Jim Quinn via The Burning Platform blog,Just over a week ago the world was coming unglued, as enough British citizens grew a pair and spit in the face of the EU establishment and global...
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Gundlach: "When Deutsche Bank Goes To Single Digits People Will Start To Panic"
Following today's Fed minutes release, Jeff Gundlach had a far less "uncertain" message: “Things are shaky and feeling dangerous,” Gundlach told Reuters in a telephone interview. It's not just stocks...
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A Furious Italian Prime Minister Slams Deutsche Bank As Europe's Most...
Several years ago, we were the first to point out the true "elephant in the room", namely Deutsche Bank's $75 trillion in derivatives which as we said at the time was about 20 times bigger than...
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“Italian Government Collapse More Than Just A Possibility”
Submitted by Mish Shedlock of MishTalk Four new polls show comedian Beppe Grillo’s Five Star Movement (M5S) ahead of prime minister Matteo Renzi’s Democratic Party (PD) were an election held today.The...
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European Stocks Storm Higher As Bank Fears Subside; US Futures Flat
After yesterday's afternoon surge in US stocks, facilitated by the "uncertain" Fed's FOMC Minutes, today the rest of global market are playing catch up with European stocks rebounding from one week...
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