We warned earlier in the week that the credit risk of the world's financial institutions were on the rise and that trend has worsened as the week ends.
Global Bank Risk is spiking...
European Bank Risk is blowing out in Core and Peripheral nations...
And China Bank credit risk has broken to new cycle highs..
Some idiocysncratic names to keep an eye on...
To be sure, the rumors have been there for a while.
As we first wrote in March of 2015 when it became a topic of conversation, speculation that Cushing may fill, and even overflow, has been around for nearly 10 months.
As we reported then, there were floating predictions that Cushing may top out as soon as the summer of 2015.
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,
"We are in a serious situation and there is a high risk that there could be an attack. But the security agencies, the intelligence services and the police authorities are very alert and our goal is to minimize the risk as best we can.”
That’s from Hans-Georg Maassen head of Germany's domestic intelligence agency and it certainly doesn’t inspire much in the way of confidence.
Last night we watched on YouTube the second episode of Tudor Monastery Farm, the BBC reality/documentary series in which two archeologists and a historian live out the daily lives of tenant farmers on a monastery farm in Tudor England, circa 1500. The kids love the show as much as we do, and it’s fun to watch as a family.