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The Market Is “Pulling Forward End-Of-Cycle Timing” – Nomura Warns of Shift To “Risk-Negative Mindset”
The Market Is “Pulling Forward End-Of-Cycle Timing” – Nomura Warns of Shift To “Risk-Negative Mindset” With global investors desperately searching for a narrative to explain “what changed” as the calendar flipped a page to exuberant September to awful October, we suspect the realization of the fact that global central bank balance sheets are contracting and […]
Global Banking Stocks Are Crashing Hard – Just Like They Did In 2008
Global Banking Stocks Are Crashing Hard – Just Like They Did In 2008 Global stocks are falling precipitously once again, and banking stocks are leading the way. If this reminds you of 2008, it should, because that is precisely what we witnessed back then. Banking stocks collapsed as fear gripped the marketplace, and ultimately many […]
“Drowning In A Sea Of Red”: Global Markets Plunge As European Tech Stocks Crash; Chinese Rout Returns
“Drowning In A Sea Of Red”: Global Markets Plunge As European Tech Stocks Crash; Chinese Rout Returns Yesterday morning, Morgan Stanley declared that the “dead cat bounce is over. One day later, the bank’s thesis was confirmed with global markets a sea of red on Tuesday, as a violent rout in Asia carried over into […]
Blain: “We Are Finally Approaching The End Phase Of The 2008 Global Financial Crisis”
Blain: “We Are Finally Approaching The End Phase Of The 2008 Global Financial Crisis” Blain’s Morning Porridge, Submitted by Bill Blain “I found Rome a City of Bricks and left it a City of Marble.” In the Headlights this morning – see www.morningporridge.com for some of the stories I’m watching: Debt Leverage: Interesting quote I […]
Roman Republic’s Debt Crisis & Led to it’s Collapse
Roman Republic’s Debt Crisis & Led to it’s Collapse QUESTION: You said that Imperial Rome did not have a national debt nor central banks. Did Rome ever have debts that were not private? JY ANSWER: Yes. In all honesty, it was the Debt Crisis that ended the Roman Republic. There was a Sovereign Debt Crisis […]
Italy Openly Defiant of Eurozone Stability Pact, Deliberately and Knowingly
Italy Openly Defiant of Eurozone Stability Pact, Deliberately and Knowingly Eurozone officials and the ECB are in a quandary over Italy’s deliberate defiance of budget rules. There is a fundamental irony in Italy’s open defiance of Eurozone stability rules. Both France and Germany did the same in 2003. Eurointelligence reports Italy Formulates First Fundamental Challenge […]
Looking for the Next Crisis: the Not Very Scary World of CLOs
Looking for the Next Crisis: the Not Very Scary World of CLOs We’re still in financial crisis mania, as the business press eagerly tries to tell us how little they learned from the last crisis by trying to identify the source of the next one. The NYT’s latest contribution to the effort is a piece […]
By Going Nuclear the EU Has Already Lost Its Battle with Italy
By Going Nuclear the EU Has Already Lost Its Battle with Italy “Here’s where we hold ’em by the nose, and kick ’em in the ass” — Patton If you ever want to know who’s losing an argument simply look at who’s doing the most threatening. Not who’s shouting the loudest or who’s the angriest, […]
It’s the Banks Again
It’s the Banks Again US bank stock index down 17% from January. EU bank stocks crushed, crushed, crushed since Financial Crisis. Monday early afternoon, the US KBW Bank index, which tracks large US banks and serves as a benchmark for the banking sector, is down 2.5% at the moment. It has dropped 17% from its […]
The Coming Inflation Threat
The Coming Inflation Threat Falling asset inflation plus rising cost inflation equals stagflation. Inflation is a funny thing: we feel it virtually every day, but we’re told it doesn’t exist—the official inflation rate is around 2.5% over the past few years, a little higher when energy prices are going up and a little lower when […]
End Of The Financial World?
End Of The Financial World? Predicting the end of the world, physical or financial, is seldom helpful. If the prediction is correct, how do you profit from the insight? If the prediction is wrong and the “end of the world” is delayed (typical), you lose credibility. An estimate of risk versus reward based on an […]
Backlash Against War on Cash Reaches the Bank of Canada
Backlash Against War on Cash Reaches the Bank of Canada A cashless society could have “adverse collective outcomes.” In recent months, a slew of political and financial institutions have raised concerns about the march toward a cashless economy. They include: The ECB warned that a phase-out of cash could pose a serious risk to the financial system. […]
“Ultra-FICO” to Boost Credit Scores Giving Millions More Access to Credit
“Ultra-FICO” to Boost Credit Scores Giving Millions More Access to Credit Just in the nick of time not: Fair Isaac is launching a new type of credit score that will give millions more credit. Just as the economy is peaking, consumers with a low FICO could get a higher “UltraFICO“, a new score that factors […]
A Storm is Brewing in Europe: Italy and Its Public Finances Are at the Center of It
A Storm is Brewing in Europe: Italy and Its Public Finances Are at the Center of It Photo Source Giuseppe Milo | CC BY 2.0 Yet the problem with Italy is not the problem that the European Commission or financial markets see. Rome is planning an expansionary budget – just what Italy needs and just the […]
Trump Blaming Fed for Next Market Crash – Dave Janda
Trump Blaming Fed for Next Market Crash – Dave Janda Radio host Dr. Dave Janda says everybody in Washington knows the next big crash is right around the corner. It’s been 10 years since the Fed reflated the last meltdown, and Dr. Janda says President Trump is already blaming the Federal Reserve for killing the […]
