by Fri, 07/29/2016 - 20:16 0 SHARES Submitted by John Mauldin via MauldinEconomics.com, I think it’s possible that the Fed will push rates below zero when the next recession arrives. I explained why a few months ago in my free weekly column, Thoughts from the Frontline , at Mauldin Economics. In…

Josh Marshall at Talking Points Memo has pointed out that a lot of Trump's tweets follow a very distinctive formula. Twitter: @realDonaldTrump Each tweet is made up of two short declarative sentences, followed by a short, derisive blast at the end. Twitter: @realDonaldTrump Once you start to notice…

"There is considerable uncertainty over the outlook for prices," Kuroda told a press conference on Friday, following the Bank of Japan's July meeting. "In order to prevent these uncertainties from leading to a deterioration in confidence in households and businesses, we have decided to implement new…

Monte Paschi Fails European "Stress Test" Meant To Restore Confidence In Europe's Struggling Banks by Fri, 07/29/2016 - 16:21 0 SHARES Moments ago, the European Banking Authority published the 2016 bank stress test results, whose purpose - as every other year - is to inspire confidence in Europe's…

by Wed, 07/27/2016 - 10:44 0 SHARES The latest confirmation that Germany's troubled banking giant Deutsche Bank is unable to navigate the troubled waters of NIRP came on Wednesday when the bank announced that its second-quarter net income fell 98% from a year earlier, hurt by weaker performances in…

LONDON/MILAN (Reuters) - Banca Monte dei Paschi di Siena ( BMPS.MI ) has asked at least eight banks to guarantee a five billion euro ($5.49 billion) cash call as Italy’s third-largest bank races against the clock to comply with regulators’ demands to strengthen its balance sheet, a source familiar…

Former Fed Governor Admits "Fed Is Not Data Dependent; It Is Propping Up Asset Markets" by Fri, 07/22/2016 - 15:50 0 SHARES Submitted by Samuel Bryan via SchiffGold.com, Earlier this year, Peter Schiff picked up on something few reported on when a former Federal Reserve president admitted the…

A few weeks ago, in a piece about Deutsche Bank's recent difficulties , I commented about its use of so-called "coco bonds" - contingent convertible bonds. I had over-simplified my description, and was promptly taken to task for doing so by @creditmacro on Twitter. He provided me with a detailed…

Matteo Renzi, the new broom of Italian politics, is in danger of being swept away. The youthful Italian prime minister who ascended to power in 2014 as the leader of a new generation seemingly destined to clean up the country’s stale politics is now facing a combustive cocktail of financial crisis,…

"Whatever It Takes" Has Failed - European Economic Confidence Crashes To 4-Year Lows by Tue, 07/19/2016 - 10:45 0 SHARES If the premise of central-banking largesse is to maintain (or inspire) economic confidence, then Mario Draghi's smoke and mirrors have officially failed . This morning's ZEW data…

Consider the new through-the-looking-glass world of banking crises circa 2016: bankers are now actively stoking fears so as to force officials to give bailouts. In 2008, wobbly banks were all doing their utmost to persuade their counterparties and Mr. Market that they were just fine. Remember how…

GETTY Germany's largest lender Deutsche Bank will shut one-quarter of its branches Deutsche Bank will close 188 branches across Germany in the coming months, with 51 of them in the North Rhine-Westphalia region. The lender has been forced to implement dramatic austerity measures after share prices…

BRUSSELS, July 12 (UPI) -- European Union finance ministers supported sanctioning Spain and Portugal for breaking targeted budget deficits Tuesday. The EU's economic and financial affairs council decided Spain and Portugal should be sanctioned for breaking rules that countries' budget deficits must…

by Mon, 07/18/2016 - 12:08 0 SHARES Earlier today, alongside the ECB's latest weekly disclosure of total corporate bond purchases under the CSPP program, which as of July 15 had risen by approximately €2 billion to €10.427 billion, suggesting a daily purchase pace of about €400 million, Europe's…

Luetuimmat 1 Trumpin entinen YK-lähettiläs sohaisi mehiläis­pesään arvostellessaan Suomen terveyden­huoltoa: ”Tiedätkö edes missä Suomi on?” 22.3.2019 2 Tonnikalojen liikakalastuksen hillitseminen on ajanut hait ahdinkoon, lajeista ainakin 17 vaarassa kuolla sukupuuttoon 22.3.2019 3 Keskellä…

Recep Tayyip Erdogan had it coming. The Turkish army was never going to remain compliant while the man who would recreate the Ottoman Empire turned his neighbours into enemies and his country into a mockery of itself. But it would be a grave mistake to assume two things: that the putting down of a…

Zbarackniew BrzObamski One of Barack Obama’s dirty little secrets when he first ran for the United States presidency was that he was first and foremost an Empire man. Beneath his illusory and carefully crafted brand as an antiwar candidate and behind the primacy of domestic questions (chiefly the…

by Fri, 07/15/2016 - 13:43 0 SHARES The new head of UniCredit, Italy’s biggest bank, has implored the EU to take a more lenient stance on rescuing the country’s troubled banking sector , as The FT reports Mustier urges Brussels should look to a controversial 2004 French government rescue of Alstom…

Ben S. Bernanke, who met Japanese leaders in Tokyo this week, had floated the idea of perpetual bonds during earlier discussions in Washington with one of Prime Minister Shinzo Abe’s key advisers. QuickTake Helicopter Money

US Futures, Global Markets Storm Higher As More Details Emerge About Japan's "Helicopter Money" by Thu, 07/14/2016 - 06:34 0 SHARES The global meltup continues with the S&P set to open at new all time highs, some 20 points higher from yesterday's close, however the driver for the latest rally is not…

By Yanis Varoufakis and Lorenzo Marsili. Originally published in Italian in Repubblica A year ago, the OXI vote in Greece was a thumping NO to an authoritarian, austerian, troika-controlled EU and a majestic YES to a democratic Europe. This message is more relevant today than ever. Since last…

So several investment funds based on real estate in the UK have suspended trading to stop people withdrawing their funds. Who would have thought that in a vastly overvalued UK property market that people would start to reassess the value of these investments, especially after working out (gosh!)…

Italy is looking to pump capital into Banca Monte dei Paschi di Siena SpA in what may become the lender’s third bailout since the financial crisis, a person with knowledge of the plan said. QuickTake Zombie Banks The government would invoke a European Union rule allowing temporary state aid if…

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Dear friends and comrades, To a foreigner who has been living and working in the United Kingdom for the last sixteen years, the immediate post-referendum situation appears highly paradoxical. It seems as if the shock has been of such a magnitude that even the most celebrated British virtues — sense…

P rosecutors at the International Criminal Court will examine the Chilcot report for evidence of abuse and torture by British soldiers but have already ruled out putting Tony Blair on trial for war crimes, The Telegraph can disclose. The decision has outraged families of troops killed in Iraq who…

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Isabel Hardman 4 July 2016 7:39 PM 4 July 2016 7:39 PM Share Tom Watson this evening told the weekly meeting of the parliamentary Labour party that he is taking a ‘last throw of the dice’ before there is a move against Jeremy Corbyn. The party’s deputy leader held a 20-minute meeting with Corbyn…

by Mon, 07/04/2016 - 08:18 0 SHARES The pain for Europe's banks, and especially those in Italy, continues this morning following the latest news surrounding the Italian bank sector. As a reminder, the Euro Stoxx Banks index was down -0.88% last week and is nearly 19% down from its pre-referendum…

MILAN—Britain’s vote to leave the EU has produced dire predictions for the U.K. economy. The damage to the rest of Europe could be more immediate and potentially more serious. Nowhere is the risk concentrated more heavily than in the Italian banking sector. In Italy, 17% of banks’ loans are sour.…

War Of Words Erupts As Italy's PM Slams Mario Draghi: "You Could Have Done More To Help Italian Banks" by Mon, 07/04/2016 - 20:27 0 SHARES Italy's Prime Minister, Matteo Renzi, is getting desperate, and with good reason. As we reported this morning, the rally in European stocks fizzled and Italian…

Brexit -kansanäänestyksessä britit kannattivat EU:sta eroamista (51,9% – 48.1%) Iso-Britannia on tieteen supervalta. Siksi on surkuhupaisaa, että juuri britit käänsivät selkänsä asiantuntija-arvioille. “Maamme on saanut tarpeeksi asiantuntijoista”, totesi Iso-Britannian oikeusministeri Michael Gove…

The document in which the proposals appear is to be presented to Visegrad Group countries meeting in Prague on Monday by German Foreign Minister Frank-Walter Steinmeier, TVP Info said, adding that the document was an "ultimatum". TVP Info said the proposals would mean members of a superstate would…