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Citi's "What If?" Scenarios: Part 2

Citi's "What If?" Scenarios: Part 2

Yesterday we published the first set of 7 "What If" scenarios that didn't make it into the Citi Credit team's (already rather gloomy) year-ahead forecast. Because while Citi's "base case" was clearly bearish (our summary can be found here), what was left unsaid was even more unsettling, if not troubling. As the bank's credit team wrote "what about the outcomes that didn’t quite make it into our base case?

It's A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System

It's A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System

It's A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System

- Christmas film serves as reminder that savings are not guaranteed protection by banks- Savers are today more exposed to banking risks than ever before- Gold and silver investment reduce exposure to counterparty risks seen in financial system- Basket of Christmas goods has climbed since 2016 thanks to 11% climb in gold price

 

"This is Groundhog Day": Spanish Stocks Battered By Catalan Vote, Bitcoin Crashes

"This is Groundhog Day": Spanish Stocks Battered By Catalan Vote, Bitcoin Crashes

Spanish stocks and the euro fell, while Spanish government bond yields hit their highest levels in over a month after Catalan secessionists delivered an unexpected blow to the government of Spanish PM Rajoy by winning the Catalan regional election. Meanwhile across the Atlantic, U.S. equity futures and the dollar rose on the last trading session before the Christmas holiday. The MSCI index of world stocks was flat.

Tory Power Base Takes Another Hit After Theresa May's Right Hand Man Fired Over Pornography

Tory Power Base Takes Another Hit After Theresa May's Right Hand Man Fired Over Pornography

Tory (lack of) power-base takes another hit.

The UK prime minister's right hand man Damian Green has been fired from his post based on the allegations over pornography usage.

In an ongoing saga Damian Green was "asked to quit" after he made "inaccurate and misleading" statements over what he knew about claims pornography was found on his office computer in 2008.

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