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Olduvai III: Catacylsm
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114 Italian Banks (Roughly 23%) Have NPLs Exceeding Tangible Assets

114 Italian Banks (Roughly 23%) Have NPLs Exceeding Tangible Assets 114 Italian banks have non-performing loans that exceed tangible assets. Ratios above 100% are signs of severe stress. The headline image is from the from ilsole24ore.com. The article is dated March 25, 2017. The translated headline reads “Here are the 114 Italian banks at risk […]

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PBoC Spins China’s Bad-Loan Data

PBoC Spins China’s Bad-Loan Data In a recent speech at Bloomberg’s headquarters in New York, People’s Bank of China Deputy Governor Yi Gang reassured his audience on the level of non-performing loans (NPLs) in the Chinese banking sector.  It had, he said, “pretty much stabilized after a long period of climbing.  That’s a good development […]

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George Friedman: Italy Is the Mother of All Systemic Threats

George Friedman: Italy Is the Mother of All Systemic Threats Italy has been in a crisis for at least eight months, though mainstream media did not recognize it until July. This crisis has nothing to do with Brexit, although opponents of Brexit will claim it does. Even if Britain had voted to stay in the EU, […]

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Italy’s Banking Crisis Spirals Elegantly out of Control

Italy’s Banking Crisis Spirals Elegantly out of Control How to dump toxic waste on the public through the backdoor. Back during the euro debt crisis, while the ECB was buying government debt from Member States to keep Italian and Spanish government debt from imploding, German politicians fretted out loud about what exactly the ECB was buying. […]

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Italy’s Banking Crisis Spirals Elegantly out of Control

Italy’s Banking Crisis Spirals Elegantly out of Control How to dump toxic waste on the public through the backdoor. Back during the euro debt crisis, while the ECB was buying government debt from Member States to keep Italian and Spanish government debt from imploding, German politicians fretted out loud about what exactly the ECB was buying. […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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