In Direct Contravention to the Positive Proclamations of the EC & IMF, Italy Again Pledges over 1% of GDP To Bail Out Its Banks
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"Market Players No Longer Trust The BOJ": Why Kuroda Is Suddenly Facing Market Mutiny
While we doubt anyone will laugh, we find it amusing that none other than arguably the "last holdout" of ZIRP and then NIRP, BOJ governor Haruhiko Kuroda, finally joined the chorus of people warning that low interest rates will "sow the seeds of the next financial crisis." Echoing concerns voiced by Deutsche Bank and virtually every other bank over the past year, Kuroda said that "a new challenge has emerged in the form of low profitability at financial institutions," adding that rapid growth in shadow banking and new financial technology were bringing big changes to the gl
Greek Bank Run Re-accelerates: Massive Deposit Withdrawals Despite Capital Controls
Delays in the talks between Greece and its lenders have brought back the ghost of Grexit.
The grave disagreement between the International Monetary Fund and the European lenders, Grexit bombshells flying around and Greece’s reluctance to accept additional austerity measures have increase uncertainty among citizens – for one more time.
And so, as KeepTalkingGreece.com notes, what do citizens do when they feel political and economical insecurity? The run to banks and withdraw deposits.
Stocks Slide After Catalyst Confirms It Was Behind The Market Ramp
Confirming what we detailed previously, the levered option fund 'Catalyst' CEO just announced that their forced-buying has concluded.
Growthiness Hope Fades: Copper, Crude Clubbed To One-Week Lows
If everything is so awesome in the world, why are Copper (who appears only to be an Economics PhD when it is rising in price) and Oil prices tumbling (despite a lower dollar)?
It seems yesterday's algo panic bid after record inventory data has been erased...
As Bloomberg also points out, Spreads still show glut: