Not Helpful for Crushed European Bank Stocks: Stress Test a Sham, European Court of Auditors Warns by Nick Corbishley • Jul 15, 2019 • 27 Comments Just when European banks need to inspire confidence more than ever.
Liquidity Crisis at Woodford Equity Fund Is Symptomatic of Systemic Problem, Bank of England Warns by Nick Corbishley • Jul 12, 2019 • 29 Comments $30 trillion of assets globally are held by similar open-ended funds.
In Escalation of Trade War With Switzerland, EU Risks Balkanizing Europe’s Financial Markets by Nick Corbishley • Jul 10, 2019 • 34 Comments “Weaponizing” Europe’s financial services, with an eye on the UK after Brexit?
Negative-Yielding Junk Bonds Have Arrived in Europe by Wolf Richter • Jul 9, 2019 • 91 Comments NIRP is systematically rotting out basic brain functionality.
Liquidity Fears Hit Other UK “Equity Funds” as Investors Remain Trapped in Woodford Fund by Nick Corbishley • Jul 8, 2019 • 31 Comments Shares of one fund plunged 22% on Friday. Other funds under pressure, raising serious questions about just how liquid “equity funds” in the UK are.
UK Auto Sales Drop to Five-Year Low in First Half by Nick Corbishley • Jul 5, 2019 • 29 Comments Driven by Diesel Death-Spiral, “decline in buyer confidence,” plunging sales of plug-in hybrids. But EV sales soar.
And the US Dollar’s Status as Global Reserve Currency? by Wolf Richter • Jul 1, 2019 • 72 Comments Apocalypse not now.
No, Rate Cuts Were Not Discussed: ECB Insiders Out Draghi as Fabricator & Schemer, and Talk to Reuters by Wolf Richter • Jun 18, 2019 • 58 Comments Draghi’s shenanigans get hilarious, just months before his term ends.
Bad Loans Still Too High at Eurozone Banks, ECB Warns by Don Quijones • Jun 17, 2019 • 44 Comments NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus.
Inspired by Deutsche Bank Death Spiral, European Banks Sink to Dec 24, 2018 Level – First Seen in 1995 by Wolf Richter • Jun 15, 2019 • 73 Comments The benefit of NIRP: There’s hell to pay – even the ECB admits it.
