Spanish banks expanded aggressively into Emerging Markets to flee the consequences of the euro debt crisis. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. UBS has alerted that Spanish banks’ outsized exposure to Latin American markets could serve as a source …
via MarketWatch: You can kiss George Bailey’s mortgage market goodbye. As the small-town banker in Frank Capra’s “It’s a Wonderful Life,” Bailey epitomized an old-fashioned world in which bankers know every borrower personally. In the mortgage market of 2019, borrowers …
Several analysts have raised concerns over earnings this quarter due to external risks such as low economic growth, uncertainty over U.S.-China trade deal, Brexit and a U-turn on major central bank policy towards more easing. European banks are suffering from …
by Michael Ballanger of Streetwise Reports “‘Success consists of going from failure to failure without loss of enthusiasm.” – Sir Winston Churchill Throughout history, society has always canonized certain political, military, and religious icons for reasons seemingly obvious, but after drilling down …
BY JOHN RUBINO There was a time when “price stability” – that is, money that buys the same amount of stuff every year – was considered a good thing. But as debts began to pile up around the world, it became …
Talk Digital Network, Released on 4/13/19 Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth …
via @crossbordercap: Cross-border flows have jumped higher, underscoring the renewed confidence of international capital ask act@liquidity.com for the reports.?
via Danielle Park: Better Markets (BM) describes itself as a “non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and …
via mises.org: Financial markets seem to have a great deal of confidence in the effectiveness of central bank monetary policy — in the sense that by keeping interest rates low, or bring interest rates down, the economies will keep expanding and …
Authored by Sven Henrich via NorthmanTrader.com, This is all going to end badly, even some ardent bulls will freely admit this, the question is the how, when and the where. Frankly it’s a tragedy that’s unfolding and discerning eyes can see …
https://twitter.com/QTRResearch/status/1116021547083472896 Watch Jamie Dimon and Six Other Bank CEOs Get Grilled by Congress The heads of seven huge U.S. banks are set to testify before the Democrat-led House Financial Services Committee.
by NineteenEighty9 https://www.ft.com/content/6c4d38c0-5ada-11e9-939a-341f5ada9d40 Saudi Aramco’s debut international bond sale drew $100bn of investor orders for the initial $10bn available to buy, smashing records for an emerging-market bond sale. How does that imbalance between orders and allocations happen, and what does …
by Disobedient Media On June 12, 2018 The Washington Post ran an overlooked story where they disclosed that National Security Advisor John Bolton had accepted money from the Victor Pinchuk Foundation, Deutsche Bank and HSBC to return for his participation in speeches and …
Latest data show major Central Banks’ balance sheet flat on the week, with growing divergence between “Big Two”. The #PBoC draining liquidity at pace, while #Fed liquidity expanding gently. Bank of Japan data show similar act@liquidity.com for full reports pic.twitter.com/zC33nD5xqt …
via mises: The timing of Jerome Powell’s appearance on “60 Minutes,” along with Janet Yellen and Ben Bernanke, is curious. Scott Pelley asked no penetrating questions, so nothing was learned. Fed Chairs aren’t known to hit the interview circuit. Bernanke appeared …
https://finance.yahoo.com/news/warren-buffett-bullish-on-banks-jpmorgan-jamie-dimon-095717582.html Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) is bullish on the banks. “They’re a business I understand, and I like the price at which they’re selling relative to their future prospects,” Buffett said in a wide-ranging interview with Yahoo Finance’s …
by Martin Armstrong QUESTION: I am a mega dollar bull – I totally get how it is the only game in town. I’ve lived it too, having seen how the big banks work their balance sheets from the inside. However… occasionally people …
by Egon von Greyerz One of the Fed’s three main objectives is to maintain stable prices. But they have never achieved that at least not since 1971. Again, the Fed did a volte face because they have a total inability …
via wallstreetonparade: The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018, provide the strongest argument thus far for Congress to enact legislation to separate the Federally insured, deposit-taking …
The central banks are STUCK. Raising rates simply can’t happen anymore. It will crash the markets. Lowering interests are more likely but that signals that conditions are worsening. Poor little central banks. What ever will they do? Warning signals have …
by Jesse Colombo via RealInvestmentAdvice.com, In a speech in Hong Kong this week, former Fed chair Janet Yellen stated that “global central banks don’t have adequate crisis tools.” According to that logic, she believes that launching additional multi-trillion dollar rounds of …
by Martin Armstrong QUESTION: Why is Facebook going to issue a cryptocurrency? Doesn’t that confirm the evolutionary path of technology? ND ANSWER: The term “cryptocurrency” is being thrown around very loosely. It is true that there is increasing hype and speculation regarding a theoretical …
by Charles Hugh-Smith With each passing day, we get closer to the shift in the tide that will sweep away this self-serving delusion of the ruling elites like a crumbling sand castle. Those living in revolutionary times are rarely aware …
Investment case „forced mergers“?Not sure. As a trade, Eurozone banks do look interesting… pic.twitter.com/ajMCk0YqxY — David Schrottenbaum (@David_Schro) March 19, 2019 https://twitter.com/RVAnalysis/status/1107775765263704064
via bnnbloomberg: (Bloomberg) — Germany’s upper house approved a law making it easier for lenders such as Deutsche Bank AG and JPMorgan Chase & Co. to fire top earners, adding flexibility for Frankfurt to lure financial companies unsettled by Brexit. …
pic.twitter.com/KmZDDBumGe — Alastair (@StockBoardAsset) March 15, 2019 US manufacturing is no longer defying China's gravitational pull. The next few months are going to be tough. pic.twitter.com/reDIdP13vE — Ian Shepherdson (@IanShepherdson) March 15, 2019 https://twitter.com/tracyalloway/status/1106337655908794368 🌍On the subject on softer central …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And other juicy banking nuggets. Net income in Q4 2018 among all 5,406 FDIC-insured banks and thrifts more than doubled year-over-year to $59 billion, due to “higher net operating revenue” and “lower income tax expenses”; and …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter When you google “HELOC” the first batch of entries that come up are ads trying to get you to take out a HELOC. The most aggressive advertisers that outbid all others in my sample of one …
by howmuch The primary season is in full swing for Democrats seeking the 2020 presidential nomination, and that means bashing the big banks is a favorite campaign topic. Kamala Harris is taking heat for accepting money from Wall Street. Elizabeth Warren believes the …
