As US Dollar & Interest Rates Rise, All Heck Breaks Loose in Emerging Market Currencies by Wolf Richter • May 10, 2018 • 67 Comments When the “hot money” gets antsy, a currency crisis morphs into a debt crisis.
Bank of Canada: 8% of Canadian Households Owe More Than 20% of the $2.1 Trillion in Debt by Daniel Wong • May 5, 2018 • 49 Comments These Canadians are in a “highly vulnerable” position.
Are European Companies Ready for Life Without Draghi? by Don Quijones • Apr 29, 2018 • 35 Comments Not going to be easy, especially for “zombie” companies.
EU Moves to Protect Financial System from Failing Banks by Don Quijones • Apr 19, 2018 • 29 Comments Too Little, Too Late?
“When the Next Crisis Begins…” JPMorgan CEO Jamie Dimon by Wolf Richter • Apr 5, 2018 • 65 Comments “As all asset prices adjust to a new and maybe not-so-positive environment,” there’s “a risk that volatile and declining markets can lead to market panic.”
What Could Dethrone the Dollar as Top Reserve Currency? by Wolf Richter • Mar 30, 2018 • 103 Comments Central banks seem leery about the Chinese yuan.
China’s Empty Threat of Dumping its US Treasuries by Wolf Richter • Mar 23, 2018 • 161 Comments “We are looking at all options.”
EU Bad-Loan-Fiasco-Reform Loses Teeth, Adds Sweeteners for Banks (Funded by Taxpayers) by Don Quijones • Mar 20, 2018 • 9 Comments After much lobbying, guidelines for banks become “non-binding expectations,” says the ECB.
Despite Years of ECB’s QE (Ending Soon), Italy’s “Doom Loop” Still Threatens Eurozone Financial System by Don Quijones • Mar 15, 2018 • 26 Comments Even banks outside Italy have an absurdly out-sized exposure to Italian sovereign debt.
“Cash Must Not Be Made the Scapegoat” by Don Quijones • Feb 22, 2018 • 40 Comments In the War on Cash, a rare defense of physical money by an ECB Board Member.
