Deutsche Bank: “Markets Are Crying Out For A Circuit Breaker”, But There Is A Problem
Having been at the forefront of the recent collapse in core European bank stock prices, Deutsche Bank has – as we first reported last weekend – been ‘crying uncle’ but…
Europe’s Most Distressing Chart: For Banks 2016 Is Already Worse Than 2008
As we have reported previously on various occasions things are bad for European banks: from DB’s record wide 5Y Sub CDS, to Credit Suisse record low stock price, to everyone…
This Is The NIRP “Doom Loop” That Threatens To Wipeout Banks And The Global Economy
Remember the vicious cycle that threatened the entire European banking sector in 2012? It went something like this: over indebted sovereigns depended on domestic banks to buy their debt, but…
The War on Cash is About to Go into Hyperdrive Pt 2
Yesterday we outlined that Central Banks’ War on Cash is about to go into Hyperdrive. Today we’re discussing just the policies Central Banks are already working to implement to eviscerate…
Deutsche Bank Rallies On Modest Debt Buyback Plan, Schaeuble Proclaims “Strong, Resilient Bank”
Deustche Bank stock is ripping 10% higher after confirming old news that it will undertake a modest debt buyback of $2 billion and €3 billion (not including the CoCos). Have…
Retail Sales Beat Expectations, Control Group Rises Most Since May Delaying “Fed Relent”
There was much at stake in today’s retail sales report, because had the Census reported another miss in the headline, ex auto and control group data, it would have made…
S&P 500 Approaching Significant Levels
Via Dana Lyons’ Tumblr, The correction in the equity markets has brought the S&P 500 down close to a confluence of key technical levels. People ask us all the time…
EU Ready To Restrict Passport-Free Travel, Austria To Close Border
The writing has been on the wall for quite a while and indeed it was just three days ago when we reported that the EU was mulling a two-year Schengen…
The Curious Case Of The “Strong” January Retail Sales: It Was All In The Seasonal Adjustment
There was hardly a blemish in today’s retail sales report: the January numbers not only beat expectations across the board, including the all important control group which printed at 0.6%…
Why NIRP (Negative Interest Rates) Will Fail Miserably
Submitted by Charles Hugh-Smith of OfTwoMinds blog, What NIRP communicates is: this sucker’s going down, so sell everything and hoard your cash and precious metals. The last hurrah of central…