Once faith in central banks is lost, their power to delay the deflationary day of reckoning goes with it. The stupendous amount of debt they have helped heap onto the financial system since 2008 will start going into default and the daisy chain of bubbles
DRAGHI: DEUTSCHE BANK DOES NOT POSE SYSTEMIC RISK - LAGARDE: DEUTSCHE BANK SYSTEMICALLY IMPORTANT
Some analysts are worried it could invoke a large-scale crisis, bigger than in 2008.
The hunt for taxes is destroying the world economy & on January 1, 2017, all governments will begin sharing info on foreigners. The assumption is that anyone doing anything outside the USA is hiding money from taxes.
The US will lead a global slowdown in the coming months & the world needs to combat a new slump by opening up borders & promoting free trade...
Canada has a different legal structure compared to the United States. Canada is one of the most decentralized countries in the world where provinces are
AS PROMISED, A HUGE RAID ON GOLD/SILVER ON COMEX OPTIONS EXPIRY...
The PBOC Dragon is re-entering the fight now that the stakes are highest. The swords are drawn. The battles of the East & West are on.
Thus, in the event of an adverse shock, insurers are unlikely to fulfill their role as financial intermediaries precisely when other parts of the financial system are failing to do so as well."
Speculation about the health of Germany's biggest lender -- Deutsche Bank -- is running wild.
The bottom line is that the September – October time frame is crash season for the US stock market, and the situation is grim...
Fed Yellen “is just unwilling to see the public take any pain at all & because of that I think she’s creating a serious bubble where serious pain is coming,”
Federal Reserve Chairwoman Janet Yellen is testifying before the House Financial Services Committee on regulation and supervision. Watch the hearing as MarketWatch live-blogs the proceedings.
The Valedero mine produces 6 million ounces of gold per annum – or 170 tonnes. This represents approximately 6% of the annual global gold mine production.
In the last 60 years, the US economy has never suffered such a long contraction in core durable goods orders (20 months) without officially being in recession.
Plosser: Fed Has No Real Strategy to Proceed. The Federal Reserve is creating a credibility problem for itself:
The European banking crisis simply doesn’t let up. Currently, the big two German banks are grabbing the headlines away from the Italian banks, due to their size and the damage they could do to the global financial system.
HSBC technical analysis notes a head and shoulders top in the Dow Jones Industrial Average similiar to the Black Monday
TradeSnoop tells us that a potential European bank crisis continues to be a topic the stock market can't seem to avoid.
After repeated efforts to salvage Italy’s most troubled banks, the country’s government is leaning on an unlikely would-be savior: James Dimon.