Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures? by Don Quijones • Aug 15, 2018 • 69 Comments Banks are curtailing “cash services.” But why?
Rise of US Dollar Haunts Emerging Market Debt by Wolf Richter • Aug 14, 2018 • 56 Comments A vicious cycle, kicked off by cheap debt that’s suddenly not cheap, after 8 years of experimental monetary policies.
The Price of Cheap Dollar/Euro Debts: Local Currencies Come Unglued, Debt Crises Ensue by Wolf Richter • Aug 13, 2018 • 62 Comments Grand Collapse in Turkey; to avoid the same fate, Argentina hikes rate to 45%.
ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge by Don Quijones • Aug 10, 2018 • 84 Comments Turkish lira in free-fall, down 18% in two days.
The EU Backs Off its War on Cash. Here’s Why by Don Quijones • Jul 30, 2018 • 47 Comments People view paying in cash “as a fundamental freedom, which should not be disproportionately restricted.”
Backlash Against “War on Cash” Reaches Washington & China by Don Quijones • Jul 21, 2018 • 92 Comments The electronic-payments industry, which gets a cut from every electronic transaction, wants to kill cash. But wait…
As Erdogan Cements His Hold Over Turkey’s Economy, Global Investors Begin to Panic by Don Quijones • Jul 11, 2018 • 23 Comments His Toxic Mix: destruction of the lira and a mountain of foreign-currency debt.
US Dollar Hegemony Tripped Up by Chinese Renminbi? by Wolf Richter • Jul 1, 2018 • 73 Comments Um, no. Central banks not enthusiastic about the renminbi.
As Turkish Lira Collapses, Foreign Banks in Turkey Rue the Day by Don Quijones • Jun 26, 2018 • 29 Comments The biggest loser: BBVA, Spain’s second biggest bank.
Chasing Yield during ZIRP & NIRP Evidently Starved Human Brains of Oxygen. Now the Price Is Due by Wolf Richter • Jun 18, 2018 • 41 Comments See Argentina’s 100-year dollar-bond and emerging-market dollar “turmoil” as the Hot Money flees.
