by silvertomars Credit Suisse CDS spread… balance sheet with assets of 727bn financed with only 42bn tangible equity at end q2… Mcap is a tiny 10bn… CFO today said “Credit Suisse is at a critical moment”… counterparty risks are increasing… One of the world’s biggest banks insists it is in a “strong” financial position, amid … Read more
Over 15,000 German stores are facing bankruptcy due to soaring energy costs, Der Spiegel reported on Friday, citing the German Retail Association (HDE). According to the report, the HDE wrote a letter to Vice-Chancellor and Economy Minister Robert Habeck in which it warned that the “exploding energy costs” are making it impossible for increasing numbers … Read more
by Boo_Randy https://www.abc.net.au/news/2022-10-03/property-prices-corelogic-rents-september-2022/101495078 Property prices are continuing to fall nationally as interest rates hit, with key capital city housing markets diving up to 6 per cent in the last three months alone. CoreLogic data shows that in September properties were sold for 1.4 per cent less on average nationally than in August. The only capital city … Read more
MUST’VE SOBERED UP! Adam Kinzinger tries deleting most embarrassing tweet of all in bizarre attack on pro-life “Baseball Crank” Dan McLaughlin (we got it). https://twitter.com/Mellecon/status/1576555838390484992 https://twitter.com/mallen_2010/status/1576569467089211392 More here: Adam Kinzinger ‘Drunk-Tweets’ His Way Into Total Embarrassment. h/t Doomberg
via activeprep: The bloom is off Europe’s former economic powerhouse Germany. Last month, the German Retail Association (HDE) reported that consumer sentiment reached an all-time low in August — then declined further in September. It’s because of increasingly unaffordable energy, food and other essentials while disposable household income is declining. As a result, consumer purchasing intentions … Read more
Sept 29 (Reuters) – British bank Barclays (BARC.L) agreed to a $361 million penalty over internal control failures related to the unregistered offer and sale of “an unprecedented amount” of securities, the U.S. Securities and Exchange Commission said on Thursday. https://www.reuters.com/business/finance/barclays-pay-sec-361-million-over-issuance-securities-2022-09-29/ h/t ringingbells
Beto O’Rourke and Stacey Abrams shot into the political stratosphere four years ago when the fresh-faced Democrats electrified the party on their way to better-than-expected showings in statewide races in deep-red Texas and purple Georgia. This year, they are struggling to build on those near-success stories in a pair of gubernatorial races, and they are … Read more
by Boo_Randy Biden’s Secretary of Defense might be blasé about such threats, but I’m not taking any chances – this world has gotten too dangerous and unpredictable, and our adversaries won’t be deterred by “woke” militaries. Stacking and prepping are our best means of mitigating the rising geopolitical risks and “black swans” that are taking … Read more
by BoatSurfer600 The bill is coming due for 14 years of central bank “emergency measures” and the debt hyper-bubble that inflated these Ponzi markets and asset bubbles. Got popcorn? $600 Billion: What Lehman Brothers held in assets when they crashed and took the economy with them. $2800 Billion: What Credit Suisse and Deutsche Bank control … Read more
China tells state banks to prepare for a massive dollar dump and yuan buying spree as Beijing’s prior interventions have failed to stem its currency’s worst year since 1994 If China stops buying US debt, and dumps it instead, the long-deferred financial reckoning day just drew a lot closer for the Keynesian fraudsters at the … Read more