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Olduvai III: Catacylsm
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Swiss Bank “Goes There”, Applies Negative Rates To Retail Deposits

Swiss Bank “Goes There”, Applies Negative Rates To Retail Deposits Back in September in “How Mario Draghi Can Force The Swiss National Bank To Go ‘Nuclear On Depositors,” we discussed the implications of the ECB’s (likely) decision to plunge further into NIRP-dom at the bank’s December meeting. In short, DM central banks – with the […]

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Don’t Forget China’s “Other” Spinning Plate: Trillions In Hidden Bad Debt

Don’t Forget China’s “Other” Spinning Plate: Trillions In Hidden Bad Debt To be sure, there’s every reason to devote nearly incessant media coverage to China’s bursting stock market bubble and currency devaluation. The collapse of the margin fueled equity mania is truly a sight to behold and it’s made all the more entertaining (and tragic) […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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