"Deutsche Bank May Ultimately Need A State Bailout" - Handelsblatt

"Deutsche Bank May Ultimately Need A State Bailout" - Handelsblatt

While the most recent set of troubles plaguing Deutsche Bank have been duly documented here, most recently yesterday when the stock price tumbled once again just shy of all time lows over fears the bank's multi-billion DOJ settlement could severely impact its liquidity and/or solvency, this may be the first time we have heard the "n"-word tossed around in an official German publication: as Germany's top financial newspaper, Handelsblatt said, "German financial officials reacted with shock and dismay to the leaking of a U.S.

Why the U.S. Can’t and Shouldn’t Try to ‘Police’ the World

Anders Fogh Rasmussen essentially wants the U.S. to govern the planet:

In this world of interconnections, it has become a cliché to talk about the “global village.“ But right now, the village is burning, and the neighbors are fighting in the light of the flames. Just as we need a policeman to restore order; we need a firefighter to put out the flames of conflict, and a kind of mayor, smart and sensible, to lead the rebuilding.

This Is What $50 Million Gets You (If You're Hillary Clinton)

This Is What $50 Million Gets You (If You're Hillary Clinton)

Hillary Clinton spent $645,000 more a day than her opponent Donald Trump last month, but, as AP reports, even with her $50 million campaign outlay, she has not been able to pull away from him in the race for the White House.

 

Clinton's campaign had its most expensive month to date in August, eclipsing its previous monthly high by more than $12 million. And combined, Clinton and the national Democratic Party paid out $78 million in August, while Trump and the Republican National Committee spent about $47 million.

Ignore the Fed, Something MASSIVE is Brewing in Europe's Banks

The Bank of Japan failed to announce any new policy initiatives today. The reasons are financial and political.

From a financial perspective, the Bank of Japan is well aware that its current tools cannot and will not generate sustained GDP growth. Bank of Japan head Haruhiko Kuroda implicitly admitted back in January that regardless of what he does, Japan has “potential growth rate of 0.5% or lower.”

That is a HECK of an admission by a Senior Level Central Banker.

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