Josh Sigurdson talks with author and economic analyst John Sneisen about the continuing decline of the Canadian housing markets as banks like BMO warn that this type of decline normally leads to a recession and that this recession will be …
by John Rubino This was going to be the year when the other big central banks joined the Fed in “normalizing” interest rates and reversing the past decade’s QE experiment. Instead, the other central banks blinked and went back to …
from Zero Hedge Something odd is taking place in the market today: the world’s biggest central bank – whose balance sheet is 40.5% of Europe’s GDP – unveiled massive monetary easing in the form of new carry-trade facilitating bank loans and …
Josh Sigurdson talks with author and economic analyst John Sneisen about the massive debt bubble facing down Canadians across the board as credit quality continues to diminish and loans get crazier and crazier. The banks are feeling the results of …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But deposit-taking banks have pulled back. Lovingly known as “shadow banks,” nonbanks have come to dominate the mortgage market. And they originate the riskiest mortgages. The government — mostly the Federal Housing Administration (FHA) — is …
The banks claim they’re complying with anti-money laundering regulations. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Spain’s Association of Financial Users (ASUFIN) has announced it will be representing Chinese residents in Spain in their legal struggle against three of the …
by John Rubino Doug Noland’s weekly Credit Bubble Bulletin is always required reading. The latest – befitting the amazing things that have happened lately – is more necessary than usual. But at 10,000 words it’s also a lot longer than usual. So while everyone …
The bill being sent to the President was touted as some sort of breakthrough by key Republican negotiators, but it was more of a capitulation than anything else. Hope Trump does not sign it. So, now, the White House is …
by Martin Armstrong QUESTION: Dear Mr. Armstrong, I would first like to thank you for all the information you are making available publicly. I have two questions to pose, if you deem them relevant to the present state of affairs. 1) …
From Birch Gold Group This week, Your News to Know brings you the most recent updates on gold and silver. Stories include: Central banks are buying gold in record numbers, silver to reclaim its “precious” status, and how China’s Lunar New Year will …
by independenttrader The beginning of 2019 supposed to be a period of “normalization” in terms of the central banks activities. However, nothing has changed and in reality we are still dealing with the persistent currency printing which is often hidden from …
Economic Collapse News – Wells Fargo Can Liquidate Customer Accounts All About Bank Bail In’s Australia is also doomed: Few would know that very quietly on 14 February 2018, with just 7 senators present, the Financial Sector Legislation Amendment (Crisis …
by John Rubino David Stockman: Central banks have created a “fiscal doomsday machine” … McAlvany on “the central bank gold rush” … Rick Rule: Palladium has “tremendous sp;
Reagan White House Budget Director and best-selling author David Stockman says, “Yields are going to go up, and we are going to have a day of reckoning in terms of this whole massive artificial structure of debt that’s been created. …
BANKS in France, Germany and Belgium are most at risk of contagion from Italy’s deepening debt crisis, new data has revealed. Domestic banks in the Mediterranean nation are already encumbered with some £1.3 trillion (€1.5 trillion) of public debt as …
by Frank Holmes, CEO, U.S. Global Investors Something big is happening in the gold market right now, and nowhere is that more apparent than in central banks of emerging economies. Last year was a watershed in the size of official …
Kevin Smith, CEO of U.S. hedge fund Crescat Capital, is putting Canadian banks in the same camp as those in China and Australia: worthy of a short. He outlines the key factors and why the global growth slowdown makes this …
by Shaun Richards Today what we are going to be taking the advice of the Jam and Going Underground. Specifically we are looking into the problems and travails of the German banking system. One factor in this is the deteriorating …
The banking lobby and the ECB will have a cow. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. On Friday, Italy’s coalition government unveiled new banking regulations that it hopes to pass in the coming months, including a rule that would …
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent advice provided by Michael Wilson, the Chief Equity Strategist at Morgan Stanley. According to Wilson, people need to get out of stocks now! Their reasoning is that …
via CNBC: Twenty-one of the nation’s largest banks spent $152 billion on buybacks and dividends in the most recent year, analyst Dick Bove says. The money went mostly to people who wanted nothing to do with their banks (sold their …
by Shaun Richards The weekend just past has been full of banking news which has not been good. That is quite an anti achievement when we note that a decade or so ago when the banking crisis hit we were …
via MarketWatch: How low can they go? With earnings from three of the four biggest banks in, one metric stands in sharp relief. Mortgage lending just keeps plunging. In the fourth quarter, mortgage originations at Citi C, +0.31% were down 23% compared …
Shifting bad consumer & business debts from banks to the public, but the way this bank bailout got packaged is pretty nifty. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Turkish President Recep Tayyip Erdoğan has launched a raft …
via Bloomberg: It may be tiresome to read day in and day out, but everything seemed to stall the second the S&P 500 came within a couple of points from touching the ~2,600 resistance line. The brakes aren’t strictly being …
According to renowned gold investor Jim Sinclair, the global debt reset that has been long predicted has begun. Lots of debt that will never be repaid will be written down around the world. Sinclair says gold and silver will be …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Normally, this would be ironic: The Fed doesn’t need to borrow; it creates money when it needs some. So it wouldn’t pay interest. But these are not normal times. The Fed reported its preliminary results this morning for …
See the analysis from Reuters here: Global investment banking-related activities generated an estimated US$102.6 billion in fees during full year 2018, a 4% decline compared to full year 2017. The Americas led all other regions by fees, contributing half of the …
Sears is closing 80 more stores in March. Manufacturing has declined. Trump tweeted that the gas prices are low, Trump is using all the tricks the DS and the CB have used in the past. He lowered the gas prices …
via consortiumnews: The financial crisis of 2008 initially fostered a policy of bailing out banks with cheap money that went not into Main Street economies but into markets enriching the few. As a result, large numbers of people increasingly felt that …