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Olduvai III: Catacylsm
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Understanding the Repo Crisis

Understanding the Repo Crisis COMMENT: Marty, thank you for a great conference. The comments out there on the liquidity crisis have been just domestically focused. Thank you for keeping my eyes focused on international events and your analysis about the crisis at Deutsche Bank GH REPLY: The raid on Deutsche Bank in Germany back in September over […]

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Danske Bank – Who helped them Launder?

Danske Bank – Who helped them Launder? A couple of days ago the always good Francis Coppola wrote a piece for Forbes entitled, The Banks That Helped Danske Bank Estonia Launder Russian Money In it she made the simple but essential point that  while Danske Bank, through its Estonian branch, had laundered $234 billion, …Danske Bank […]

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With Sweden’s QE Officially Broken, The Riksbank Doubles Down: Lowers Rates Even More Negative; Boosts QE

With Sweden’s QE Officially Broken, The Riksbank Doubles Down: Lowers Rates Even More Negative; Boosts QE It was precisely one week ago when we described how, for the first time in history, QE had officially failed to achieve its stated objective of pushing yields lower (ignoring that the real purpose is to push stock prices higher). In […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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