Systemic risk is on the horizon! In the last 5 days, the world just experienced a massive intervention to get ahead of a significant slowdown.

Credit Suisse’s systemic risk score reaches the highest since 2006/2007.

Moody’s says outlook for China local governments negative due to …

Reuters11 hours ago

… financing vehicles – rose to 60 trillion yuan ($8.67 trillion) as of end-October, … Local governments have almost exhausted their annual quotas for new debt …

Italy considers buybacks or exchanges on government …

Reuters25 minutes ago

Italy needs to raise around 400 billion euros ($453 billion) in 2019 to refinance maturing debt and cover for new spending, as the European Central Bank …

The US needs to clean up its monetary excesses and twin deficits

CNBC14 hours ago
The Fed’s monetary base (M0) has skyrocketed from $820 billion in early 2008 to $3.5 trillion as of the last reserve reporting date on Nov. 21, 2018. Over the …
1,316 views