World Bank: Global economic growth has peaked… Citi: Global financial crash is overdue… The Fed is worried about the next recession

Global economic growth has peaked, says World Bank Global growth appears to have peaked, with demographics, a lack of investment, a slowing in productivity gains and tightening monetary policy placing limits on economic expansion, the World Bank said. The world’s … Read more

Margin Debt, Backed by Enron-Déjà-Vu Steinhoff Shares, Hits BofA, Citi, HSBC, Goldman, BNP

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Shadow margin” is a hot business for brokers. Now they’re licking their wounds. When the bankers of Christo Wiese, the former chairman and largest shareholder of Steinhoff International Holdings – a global retail empire that includes … Read more

Enron Déjà Vu? Citi, BofA, HSBC, Goldman, BNP on the Hook as Steinhoff Spirals Down

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter $21 billion of debt. Off-balance-sheet entities. Moody’s wakes up, downgrades it four notches, with more to come. Steinhoff International Holdings – which acquired nine companies in the past two years, including Mattress Firm Holding in the … Read more

Citi labels 2s/5s US yield spread as the best interest rate chart in the world. Bear flattening signaled Savings and Loan Crisis in the late 1980s, the Dot-Com crash in the early 2000s and the GFC in 2007.

twitter.com/Schuldensuehner/status/933449988276916224 TROUBLE? What is the predictive power of the yield curve? Shape of the yield curve, advanced by 15 mths, has a decent fit w/US GDP growth. But yield curve inversions over-predict recessions. t.co/1mo5QwepsZ pic.twitter.com/Ysd5YCKe4F — Holger Zschaepitz (@Schuldensuehner) November … Read more