Financial watchdog website Zero Hedge reported on Sunday that the Dutch bank ABN-Amro will soon be rolling out negative interest rates. Quoting the NLtimes.nl article as it’s source, ABN Amro business clients may soon feel […]
by Tyler Durden Banco Popolare is dragging the rest of the Italian banking system drastically lower today after a“susprise” Q1 loss driven by soaring bad loan writedowns. Banco Popolare is down 14% on the day […]
By Martin Armstrong In Naples, Italy, riots against Prime Minister Matteo Renzi resulted in clashes between police and demonstrators. Italy’s government had to address the plight of Italian banks which now seems to be significant […]
A Curious Collapse Ever since the ECB has begun to implement its assorted money printing programs in recent years – lately culminating in an outright QE program involving government bonds, agency bonds, ABS […]
by John Rubino on February 8, 2016 So far, each financial crisis in the series that began with the junk bond bubble of 1989 has been noticeably different from its predecessors. New instruments, new malefactors, […]
by John Rubino The sound money community woke up this morning to a world finally behaving rationally — which is to say cowering in abject terror at the prospect of insane levels of debt, criminal […]
by Tyler Durden On Tuesday, Brussels and Berlin got what amounted to the worst news possible out of Portugal. In what sounds like the plot of a McCarthy-era propaganda spy novel, the Socialists and Communists have […]
by John Rubino Fear and greed are both getting a serious workout lately, but Monday will be even more fun than usual because of two big stories that hit over the weekend. First, Greece decided […]
by John Rubino Guys, please. As much as we all love a good crisis, this is getting old. The threats, the name-calling, the apocalypse certain to occur if one side doesn’t immediately cave to the […]
by John Rubino Last August, the US Fed stopped creating new currency out of thin air and dumping it into the banking system. Which is another way of saying the US money supply stopped growing. […]
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