In the US alone, it impacts nearly $40 trillion — with consequences for the real economy.
Murk everywhere. There isn’t even an agreement what “leveraged loans” are. No, banks are not off the hook. That was wrong too. They hold 57% of these instruments, the Bank of England found.
Just when European banks need to inspire confidence more than ever.
$30 trillion of assets globally are held by similar open-ended funds.
NIRP is systematically rotting out basic brain functionality.
Oh, it’s here alright.
Bank stocks crushed by negative interest rates, broader market goes nowhere in 4 years despite BOJ’s equity purchases.
Apocalypse not now.
Sales of homes of all types plunged 31% year-on-year, sales of new homes crashed 39%, and the number of mortgages written collapsed 65%
Draghi’s shenanigans get hilarious, just months before his term ends.