by Tyler Durden With just 10 days to go until Illinois enters its third year without a budget, resulting in the state’s imminent downgrade to junk status and potentially culminating in a default for the […]
Having exposed the deepening liquidity crisis in China previously, tonight’s action across AsiaPac money-markets suggests – despite US equity record highs – all is very much not well below the surface of the global financial […]
by Tyler Durden Submitted by Brandon Smith via Alt-Market.com, The investment world has an embarrassingly short attention span. But frankly, it is a necessity. If daytraders, hedge funds and other horses in the carousel actually […]
by Tyler Durden It has already been an abysmal day for Germany’s biggest lender: overnight Deutsche Bank plunged to fresh all time lows on speculation whether the German government would or wouldn’t provide state aid […]
by Tyler Durden Submitted by Soeren Kern via The Gatestone Institute, A move by Italy — the third-largest economy in the eurozone — to abandon the euro could strike a potentially fatal blow to […]
by Tyler Durden One week ago, in a valiant attempt to defend the stock price of struggling commodity trading titan Glencore, one of the company’s biggest cheerleaders, Sanford Bernstein’s analyst Paul Gait (who has a […]
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