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“We Are In A New Cold War”: Russia PM Delivers Stark Warning To NATO
“We Are In A New Cold War”: Russia PM Delivers Stark Warning To NATO It was just two days ago when Russian PM Dmitry Medvedev warned that if Saudi Arabia, the UAE, and Qatar invade Syria in a transparent attempt to shore up their Sunni proxy armies currently under siege by Moscow’s warplanes and Hezbollah, a “new […]
Greece Slides Back Into Recession Amid Riots, Rewewed “Grexit” Calls
Greece Slides Back Into Recession Amid Riots, Rewewed “Grexit” Calls It was just over a year ago that Greece elected Alexis Tsipras and Syriza amid a flurry of anti-austerity sentiment. Things didn’t exactly go as planned. The new PM and his “radical” finance minister Yanis Varoufakis thought they could shake things up in Brussels […]
John Kerry Makes Last Ditch Effort To Avert World War III As Saudis, Turks Prepare For Syria Invasion
John Kerry Makes Last Ditch Effort To Avert World War III As Saudis, Turks Prepare For Syria Invasion Tomorrow, John Kerry will meet Sergei Lavrov and several of his other counterparts from Europe and the Mid-East in Munich in a last ditch effort to revive Syrian peace talks, which fell apart amid an intense Russian […]
Turkey, Saudi Arabia Mull Syria Ground Invasion As Russia, Hezbollah Decimate Rebels
Turkey, Saudi Arabia Mull Syria Ground Invasion As Russia, Hezbollah Decimate Rebels “What’s going on in Syria can only go on for so long. At some point it has to change,” Turkish President Recep Tayyip Erdogan told reporters on a plane back to Turkey from Latin America over the weekend. As we’ve documented extensively over […]
North Dakota’s Economy Has Been “Completely Devastated” By Oil’s Collapse
North Dakota’s Economy Has Been “Completely Devastated” By Oil’s Collapse Yesterday, on the way to documenting the malaise China’s hard landing has inflicted on Minnesota’s mining country, we discussed the dramatic impact falling crude prices have had on the American and Canadian oil patches. Take Texas, for instance, where a year of crude carnage has wreaked havoc […]
This Is What Central Bankers Think Of Retail Investors
This Is What Central Bankers Think Of Retail Investors We previously covered the recently burst mega-Ponzi scheme fraud, Ezubao, the biggest in Chinese history which conned more than 900,000 investors out of $7.6 billion in less than two years under the guise of being a P2P lending platform, in this is what happens when “Chinese […]
Meet China’s Latest $1.8 Trillion “Problem”
Meet China’s Latest $1.8 Trillion “Problem” Last summer we outlined how Chinese banks obscure trillions in credit risk. The powers that be in Beijing aren’t particularly keen on allowing the banking sector to report “real” data on souring loans – especially given the fragile state of the country’s economy. In some cases, the Politburo will pressure banks […]
Zika Virus Threatens “Disaster In Rio” Olympics As WHO Declares Global Emergency
Zika Virus Threatens “Disaster In Rio” Olympics As WHO Declares Global Emergency From the initial discovery in the heart of Ugandan forest darknessto mysterious genetically-modified Mosquitoes in Brazil, the newest threat to human health (most notably pregnant women) is the ominous-sounding Zika virus. The epidemic is spreading from its epicenter in Brazil – threatening disaster at the Olympics with […]
Puerto Rico “Generously” Offers To Repay 54 Cents On The Dollar To Creditors Owed $70 Billion
Puerto Rico “Generously” Offers To Repay 54 Cents On The Dollar To Creditors Owed $70 Billion Height Securities’ Daniel Hanson is “deeply skeptical” about the viability of Puerto Rico’s proposal for restructuring the island’s $70 billion in debt. Hanson, in a note out late last week, said Governor Alejandro Padilla was “significantly unlikely” to present […]
“Time To Panic”? Nigeria Begs World Bank For Massive Loan As Dollar Reserves Dry Up
“Time To Panic”? Nigeria Begs World Bank For Massive Loan As Dollar Reserves Dry Up Having urged “don’t panic” just 4 short months ago, it appears Nigeria just did just that as the global dollar short squeeze forces the eight-month-old government of President Muhammadu Buhari to beg The World Bank and African Development Bank for $3.5bn in […]
The Disturbing Reasons Why The Bank Of Japan Stunned Everyone With Negative Rates
The Disturbing Reasons Why The Bank Of Japan Stunned Everyone With Negative Rates As we noted earlier, in a paradoxical U-turn, one which caught everyone by surprise as a result of Kuroda’s own promise just one week ago not to engage in NIRP… … and two months after the ECB’s December 3 disappointing announcement led to a historic surge in the […]
“The Level Of Alarm Is Extremely High” As Zika “Spreading Explosively” WHO Warns
“The Level Of Alarm Is Extremely High” As Zika “Spreading Explosively” WHO Warns Meet the new Ebola. Well over a year since the global fears over the Ebola epidemic sent US stocks reeling in late 2014 ahead of an even sharper rebound, today the head of the World Health Organization delivered a very stern warning […]
The Birth Of The PetroYuan (In 2 Pictures)
The Birth Of The PetroYuan (In 2 Pictures) Give me that!! It belongs to the Chinese now! h/t @FedPorn As we previously detailed, two topics we’ve deemed critically important to a thorough understanding of both global finance and the shifting geopolitical landscape are the death of the petrodollar and the idea of yuan hegemony. In November […]
