by CachitoVolador via Bloomberg: A day after dismissing a question that would have forced a payout on some of Credit Suisse Group AG’s default swaps, a panel that oversees the derivatives market received another query that could trigger the contracts. The Credit …
Germany can’t fulfill NATO obligations – Bild Chronic underfunding and the country’s support for Ukraine are among the reasons, the media outlet reports Germany is failing to live up to its NATO commitments both in terms of personnel and equipment …
Russia is teetering on the edge of a possible sovereign debt default, and the first sign could come as soon as Wednesday. The Russian government owes about $40 billion in debt denominated in U.S. dollars and euros, and half of …
DETROIT — Elon Musk is selling more Tesla shares than he needs to pay current tax obligations, and experts say he’s either converting part of his fortune from stock to cash, or he’s saving for bigger tax bills that will …
by WallStreetPoopStain Sauce: https://www.digitaljournal.com/business/troubled-developer-evergrande-to-resume-trading-warns-of-financial-obligations/article For those not wanting to click the link here is a copy paste: By AFP Published October 20, 2021, Chinese developer Evergrande will resume trading in Hong Kong on Thursday, it said in a filing, but warned …
BY JOHN RUBINO Rick Rule: “We’ll inflate away our obligations to the benefit of gold” … Mike Maloney on the “death of the dollar standard” … Max Keiser: Fiat currencies are “global toxic waste” … Gerald Celente – Trump will win …
via bloomberg: Financial markets have short memories. Of late, they’ve convinced themselves that collateralized loan obligations (CLOs) are much safer instruments than the collateralized debt obligations, or CDOs, on which they’re based and which helped precipitate the 2008 crisis. They’re wrong …
via bloomberg: The townspeople just can’t win. Consider Wall Street’s latest financial Frankenstein of a bad idea, collateralized fund obligations. Perhaps a better monster metaphor would be zombies, because these securities are the sort of terrible concoction that rise out of …
by Charles Hugh-Smith The only way to pay all these future obligations is by creating new money. I’ve been focusing on inflation, which is more properly understood as the loss of purchasing power of a currency, which when taken to extremes destroys …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter On Sunday, storied gun maker Remington Outdoor Co. filed for Chapter 11 bankruptcy, buckling under its debts. Its intention to file for bankruptcy has been known at least since February, but sources told The Wall Street Journalthat …