by Don Quijones • • Comments Off on Which Country Is Europe’s Biggest Narco State?
By Don Quijones: Revelations of a dirty, big business in Europe, and of the role banks play to make it possible. In fact, during the financial crisis, European banks “were as good as saved by the global drug trade.”
by Don Quijones • • Comments Off on Jitters Mount Over Prospect of Catalonian Independence
“You’re making a grave mistake,” the CEO of Catalonia’s megabank La Caixa allegedly told Catalonian President Artur Mas. Like many big shots, he’s fretting over the prospect of independence from Spain – an existential threat to the region’s banks.
by Wolf Richter • • Comments Off on The “Sanction Spiral” Elegantly Spirals Out of Control
The White House attacks Russian financial markets and oil, publicly and behind-the-scenes, Merkel suffers from “moral cowardice,” Russia develops the “Putin Doctrine” and threatens Estonia, and a crescendo of sanctions and counter-sanctions erupts. What gives?
by Wolf Richter • • Comments Off on Goldman Goes Bonkers Over Tesla
Wall Street once again stands out as history’s most glorious, most efficient, sophisticated, prolific “gigafactory,” to use Tesla’s newfangled term, for the production of self-serving BS. Investors beware!
by Wolf Richter • • Comments Off on French Megabank: No “Drastic Crisis” in France, It Will Be “Slow And Over Time”
Finally we know why French government debt and French stocks have performed so well, despite the crummy economy, and why France has been spared so far the fate of Cyprus: the fiasco won’t happen suddenly in France, the bank reported. It will be slow and torturous.
by Wolf Richter • • Comments Off on Will The Last Bear Please Turn Out The Lights
When BlackRock CEO Larry Fink grumbled about “way too much optimism” in the markets, he wasn’t kidding. An entire mindset is benchmarking today’s record metrics against the splendor of 2000 and 2007: not to warn, but to prove that this time it won’t end in tears.
by Oilprice.com • • Comments Off on Shell Oil: US Fracking “Revolution” A Money Loser
Shell is already steeped in its Alaska offshore debacle. Now its new boss admitted that fracking in the US, after a huge investment, is a money-losing business.
by Don Quijones • • Comments Off on Banker Farce: Spanish Bank CEO Launches Moral Crusade Against Political Corruption
By Don Quijones: “We have to fight corruption in order to build a new model of more sustainable and fairer growth,” pontificated the CEO of BBVA, a Spanish TBTF bank.
