Clik here to view.
Meanwhile, European Bank Default Risk Is Spiking
"It's probably nothing..."The headline-maker in Italy is Monte Paschi which has seen CDS soar post the regulatory ban on short-selling stock. At over 1700bps, this implies a 67% chance of default......
View ArticleClik here to view.
Europe's Bank Crisis Arrives In Germany: €29 Billion Bremen Landesbank On The...
When most recently reporting on the latest European banking crisis, yesterday we observed a surprising development involving Deutsche Bank, namely the bank's decision to quietly liquidate some of its...
View ArticleYour Last Minute Payrolls Preview
Another payroll Friday is upon us and one which would have been a long-awaited event had Brexit not intervened. As Jim reid writes, it's still important as it was only last month (it seems a lifetime...
View ArticleClik here to view.
JPMorgan Says Recession Odds Rise To New Cycle Highs
While not quite as dire as the recent analysis by Deutsche Bank which calculated recession odds in the next 12 months as more than likely, or 60% as of last weekend, moments ago JPM released its own...
View ArticleClik here to view.
How George Soros Singlehandedly Created The European Refugee Crisis - And Why
By David Galland and Stephen McBride, Garret/Galland Research How George Soros Singlehandedly Created the European Refugee Crisis - And WhyGeorge Soros is trading again.The 85-year-old political...
View ArticleClik here to view.
Deutsche Bank Gives Up: "We Can't Think Of A Time The S&P Was More Disjointed...
When sellside strategists, such as Deutsche Bank's David Bianco, throw in the towel and the best they can come up with is a 100 word admission that nothing makes sense anymore, and that the S&P has...
View ArticleClik here to view.
Brexit-Beleaguered Banksters Back to Begging for Bailouts!
This article by David Haggith was published first on The Great Recession Blog:Nothing is more shameless in a bedazzling sort of way than rich banksters standing on the public curb with their hands...
View ArticleClik here to view.
Why Deutsche Bank Expects A Collapse In Monthly Job Growth To Under 60,000
Deutsche Bank's stock price has crashed to all time lows, while its market-implied default risk is back to just shy of record levels... ... which is what likely prompted its chief economist to admit...
View ArticleClik here to view.
Charting The Epic Collapse Of The World's Most Systemically Dangerous Bank
It’s been almost 10 years in the making, but the fate of one of Europe’s most important financial institutions appears to be sealed.After a hard-hitting sequence of scandals, poor decisions, and...
View ArticleClik here to view.
Deutsche Bank's Chief Economist Calls For €150 Billion Bailout Of European Banks
The cards have been tipped, and it appears Italy's Prime Minister may have been right.In the aftermath of Brexit, much of the investing public's attention has turned to Italian banks which are in...
View ArticleClik here to view.
Wrong... Just Wrong!
By Chris at www.CapitalistExploits.atSo when I came to you ragged, exhilarated, and a little bit richer two weeks ago, I referenced a buddy who I'm really grateful to know. Why? Because he's a better...
View ArticleClik here to view.
S&P 500 To Open At All Time Highs After Japan Soars, Yen Plunges On JPY10...
Last Thursday, when we reported that Ben Bernanke was to "secretly" meet with Kuroda and Abe this week (he is said to have already met with Japan's central bank head earlier today), we said that...
View ArticleClik here to view.
Eurogroup Head Dashes Italy Bank Bailout Hopes: "I Will Resist Taxpayer...
Italy's ongoing attempts to bend Europe's bail-in rules and revert to the "older" bailout protocol continue to run into problems. The latest confirmation came from Eurogroup head Jeroen Dijsselbloem...
View ArticleClik here to view.
Deutsche Bank CoCo Bonds Soar To 11.5% Yield Following Bailout Demands
Submitted by Anthony Sanders via Confounded Interest blog,No, a Coco bond is not a new Chanel perfume or a Hersheys product. Rather, CoCo stands for contingent convertible capital instrument (CoCo) are...
View ArticleClik here to view.
Europe’s Economic Crisis Has Spread from the Periphery to the Core
We’ve noted for more than 5 years that the European crisis would spread in the following order… more or less:Greece → Ireland → Portugal → Spain → Italy → UKWe also warned that the EU’s approach to...
View ArticleClik here to view.
Who's Most Afraid Of Contagion From Italy's Bank Meltdown?
Submitted by Don Quijones via WolfStreet.com, French and German banks.Contagion is the reason Italy’s banking crisis is all of a sudden Europe’s biggest existential threat. Greece’s intractable...
View ArticleClik here to view.
Gundlach Gets More Bearish, Says "Big Money" To Be Made On The "Short Side"
As we noted yesterday, in his latest webcast to DoubleLine investors, Jeff Gundlach confirmed the key points from his weekend Barrons which summarized his outlook that "things will get worse in the...
View ArticleFrontrunning: July 13
Brexit, what Brexit? Shares near 2016 highs (Reuters), Global Stocks Inch Higher (WSJ), Stocks Climb With Copper as Brexit-Induced Volatility Subsides (BBG)Yen under pressure as global stock markets...
View ArticleClik here to view.
Bancopalypse 2.0 - Some Disturbing Figures From The Looming Financial Crisis
Submitted by Simon Black via SovereignMan.com,In early 1870, the Kingdom of Prussia and French Empire were about to go to war.It was one of countless conflicts between the dozens of European kingdoms...
View ArticleClik here to view.
Central Bank Wonderland is Complete and Now Open for Business — The...
The following article by David Haggith was first published on the Great Recession Blog.Summer vacation is here, and the whole global family has arrived at Central-Bank Wonderland, the upside-down,...
View Article