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Republic First seizure signals more bank failures to come, expert warns
Republic First seizure signals more bank failures to come, expert warns Fears of contagion reignited by first US bank failure of 2024 Feds’ rate cut promise caused banks to drastically mismark books: McDonald The Bear Traps Report founder Larry McDonald says the New York Community Bank collapse speaks to a greater economic problem on “Making […]
Weekly Commentary: Contagion
Weekly Commentary: Contagion Another big miss for non-farm payrolls, with September’s 194,000 jobs gain less than half the 500,000 forecast. But with the Unemployment Rate down to 4.8% and Average Hourly Earnings up 4.6% y-o-y (not to mention almost 11 million job openings), there’s ample evidence that much of the labor market has turned exceptionally […]
Goldman Issues Shocking Warning On Systemic Threat From Supply-Chain Collapse
Goldman Issues Shocking Warning On Systemic Threat From Supply-Chain Collapse Having desperately avoided any discussion of a worst-case coronavirus scenario – or frankly any scenario that did not involve all time highs for stocks – for over a month, suddenly the market is obsessing with what a complete paralysis of China could mean for the […]
Children With “Stealth” Coronavirus Infections Raise Fears Of ‘Community Outbreaks’
Children With “Stealth” Coronavirus Infections Raise Fears Of ‘Community Outbreaks’ Over the past week, as China has shared data about the novel coronavirus with foreign partners who quickly mapped its genome as the world races to develop a vaccine for the virus which can develop into a potentially deadly case of pneumonia. But several experts, […]
“Contagion Runs The Risk Of Spreading” In India’s Financial Sector, Rating Agency
“Contagion Runs The Risk Of Spreading” In India’s Financial Sector, Rating Agency India, one of the largest emerging markets in the world, is at serious risk of widespread contagion ripping through its banking sector as many large financial companies have already seen their equity value halved over the last 12 months, S&P Global Ratings said […]
Is Turkey “City Zero” in Global Contagion
Is Turkey “City Zero” in Global Contagion Last year Turkey’s lira crisis quickly morphed into a Euro-zone crisis as Italian bond yields blew higher and the euro quickly reversed off a major Q1 high near $1.25. It nearly sparked a global emerging market meltdown and subsequent melt-up in the dollar. This week President Erdogan of […]
Bearish on Fake Fixes
Bearish on Fake Fixes This systemic vulnerability is largely invisible, and so the inevitable contagion will surprise most observers and participants. The conventional definition of a Bear is someone who expects stocks to decline. For those of us who are bearish on fake fixes, that definition doesn’t apply: we aren’t making guesses about future market gyrations (rip-your-face-off […]
“A Daisy Chain Of Defaults”: How Debt Cross-Guarantees Could Spark China’s Next Crisis
“A Daisy Chain Of Defaults”: How Debt Cross-Guarantees Could Spark China’s Next Crisis On November 8, China shocked markets with its latest targeted stimulus in the form of an “unprecedented” lending directive ordering large banks to issue loans to private companies to at least one-third of new corporate lending. The announcement sparked a new round […]
To One Bank, This Is The Flashing Red Warning That A Crash Is Dead Ahead
To One Bank, This Is The Flashing Red Warning That A Crash Is Dead Ahead For much of 2018, the prevailing market theme was the one Morgan Stanley dubbed “rolling bear markets” when any time a given asset was hit, whether emerging markets, Italian bonds, or tech stocks, money would simply rotate from one place […]
“We’re Back In The Real World Where Bad News Is Bad News”: To $1 Trillion Fund Manager, Turmoil Is “New Normal”
“We’re Back In The Real World Where Bad News Is Bad News”: To $1 Trillion Fund Manager, Turmoil Is “New Normal” For nearly a decade stocks enjoyed an environment of unprecedented bullishness, where good news was good news, and bad news was even better as it suggested central bank intervention via monetary stimulus, boosting asset […]
Contagion
Contagion The word contagion is easy enough to understand. Whether the spread of disease or disaster, sometimes it is difficult if not impossible to contain. In financial terms, contagion is often thought of along the lines of 2011; Greece started it and it spread throughout the rest of Southern Europe. The euro was coming apart, […]
Spanish Yields Blow Out Amid Italy Contagion As Italian Banks Scramble For Dollar Funding
Spanish Yields Blow Out Amid Italy Contagion As Italian Banks Scramble For Dollar Funding Contagion from the recent surge in Italian yields has spread, and is hitting Spanish 10Y yields which over the past 3 days have blown out from 1.65% to as high as 1.82% this morning, before paring some of the move, printing […]
Asian Markets Crushed By Capitulation Carnage
Asian Markets Crushed By Capitulation Carnage No “National Team”… No “Plunge Protection Team”… No RRR Cuts… and not a word from Powell. The US equity market massacre is extending overnight as the liquidation crisis smashes into Asia… The initial red box is the after-hours drop and the second drop is as Asian cash markets opened… […]
Loans Sour in Turkey, Inflation Hits 25%, Interest Rates Spike, Fears of Contagion Rise
Loans Sour in Turkey, Inflation Hits 25%, Interest Rates Spike, Fears of Contagion Rise The economic miracle fueled by foreign-currency debt. The Bank of Turkey’s decision mid-September to hike its policy rate from 17.75% to 24% may have temporarily stemmed the rout in the Turkish lira, but the hiatus is now over. This week, the […]
“It Will End In Tears”: World Stocks, Euro Slide As Italian Contagion Spreads
“It Will End In Tears”: World Stocks, Euro Slide As Italian Contagion Spreads World stocks slumped, European assets sold off and the Euro dropped to a three week low on Tuesday after anti-euro comments from an Italian party official sent renewed shockwaves across Europe and the globe, and pushed Italy’s bond yields up to multi-year […]
