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Tag Archives: Nick Corbishley
“Prolonged Period of Risk to Institutional and Retail Investors of Further – Possibly Significant – Market Corrections”
“Prolonged Period of Risk to Institutional and Retail Investors of Further – Possibly Significant – Market Corrections” European Market Regulator flags big issues, including the “decoupling of financial market performance and underlying economic activity.” The European Securities and Markets Authority (ESMA) warned of a “prolonged period of risk to institutional and retail investors of further […]
Turkey’s 2nd Financial & Currency Crisis in 2 Years Blossoms. Heavily Invested European Banks Look for Exit. But Not the Most Exposed Bank
Turkey’s 2nd Financial & Currency Crisis in 2 Years Blossoms. Heavily Invested European Banks Look for Exit. But Not the Most Exposed Bank Big Gamble that was hot for years has gone sour after Turkish lira’s plunge and surge of defaults on bank debts denominated in foreign currency. As the Turkish lira logged fresh record lows […]
Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss
Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss Too-Big-To-Fail Santander is also one of the Eurozone’s worst capitalized banks. Banco Santander, Spain’s largest lender and one of the Eurozone’s eight global systemically important banks (G-SIBs), has posted its first ever loss in 163 years of operations. And it was gargantuan. During the first […]
What Happens If Most Businesses & Consumers Tighten Their Belts at the Same Time?
What Happens If Most Businesses & Consumers Tighten Their Belts at the Same Time? Europe may be about to find out. 128 days with my Mother-in-Law. As market players cling to the hope that a V-shaped economic recovery is still possible in Europe, to match the central-bank engineered rebounds of benchmark indexes such as Germany’s DAX […]
What Horrified Fund Managers, Banks & UK’s Pension Minister Said About the Bank of England’s Sudden “We Don’t Rule Out” Negative Interest Rates
What Horrified Fund Managers, Banks & UK’s Pension Minister Said About the Bank of England’s Sudden “We Don’t Rule Out” Negative Interest Rates “The stimulus the country urgently needs is not experimental and dangerous monetary policy.” Andrew Bailey, the recently appointed governor of the Bank of England (BoE), is considering going where no other BoE […]
Third Mega-Crisis in 12 Years: Eurozone Economy Plunges at Fastest Rate on Record
Third Mega-Crisis in 12 Years: Eurozone Economy Plunges at Fastest Rate on Record First the Global Financial Crisis, then the Euro Debt Crisis, now the Big One. In its 21 years of official existence, the Eurozone has already been through two brutal crises — the Global Financial Crisis and one of its own doing, the […]
European Banks Reveal Scale & Complexity of Crisis. Shares Hammered Back to 1987 Level
European Banks Reveal Scale & Complexity of Crisis. Shares Hammered Back to 1987 Level They haven’t gotten over Financial Crisis 1 and the Euro Debt Crisis. Now there’s a new crisis. Deutsche Bank’s CEO going on TV to soothe nerves didn’t help matters. The biggest European banks have started to report their earnings against a […]
Life Under Draconian Lockdown: I Can Barely See the Light at the End of this Long, Dark Tunnel
Life Under Draconian Lockdown: I Can Barely See the Light at the End of this Long, Dark Tunnel The process of reopening Spain has been dubbed, rather ominously, “Operation New Normality.” “Is there any light at the end of this long dark tunnel?” That’s a question many people are asking themselves in Spain, whose government […]
Demand for Bank Notes in Dollars & Euros Spikes Despite Fears of Covid-19 Contaminated Cash
Demand for Bank Notes in Dollars & Euros Spikes Despite Fears of Covid-19 Contaminated Cash A curious phenomenon. In the United States, as coronavirus concerns grew and state after state went into lockdown, and as consumption plunged and unemployment exploded at a previously unimaginable rate, the amount of physical dollars in circulation spiked to $1.89 […]
Farm-Labor Crisis under COVID-19 Sends Countries Scrambling
Farm-Labor Crisis under COVID-19 Sends Countries Scrambling Miserable, crowded living conditions of Europe’s foreign farm workers put them at much greater risk. And they’re staying away. In one of the many paradoxes of the new world we live in, Western European countries that have seen millions of jobs wiped out in a matter of weeks […]
The Crisis in Catalonia & What I Saw in Our Neighborhood in Barcelona
The Crisis in Catalonia & What I Saw in Our Neighborhood in Barcelona As separatist region is rocked by violence, businesses sound alarm. Two of Catalonia’s biggest business associations, Foment de Treball and Pimec, have called for calm and dialogue after ten days of non-stop political and civil unrest in the separatist region of Spain. At a […]
Metro Bank Teeters after Bond Sale Fails. Shares Collapsed 95%
Metro Bank Teeters after Bond Sale Fails. Shares Collapsed 95% Hedge-fund manager Steven Cohen and Michael Bloomberg are among those ruing the day they bought the crushed shares of the UK bank touted as a “bargain.” Even by its own recent standards, Metro Bank has had a torrid week. On Monday, shares of the British […]
Use of “Hidden Debt Loophole” Spreads Among Australian Corporations
Use of “Hidden Debt Loophole” Spreads Among Australian Corporations Situation already so bad that hiding debt becomes a priority? Australian engineering group UGL, which is working on large infrastructure projects such as Brisbane’s Cross River Rail and Melbourne’s Metro Trains, recently sent a letter to suppliers and sub-contractors informing them that as of October 15, they will […]
