“Foxes are in charge of the hen house.”
Next: higher rates or currency crisis?
If the ECB scales back stimulus, banks face even greater risk of collapse. But now there’s a new solution.
“Fake prices,” metastasizing derivatives, bloodletting among retailers, the Snap IPO that turns stockholders into zombies, China’s credit bubble that makes even the New York Fed jittery… (video).
The ECB would do so at its own peril.
There’s an air of furtive desperation about the proceedings.
Wage Growth vs. Housing Price Growth.
The data points can give you the willies.
Turns out, Italy’s banking crisis is not fixed.
Six central bankers and a financial regulator get dragged to court.