Watching the giant German banks, Deutsche Bank and Commerzbank, are like watching the “Bangers” in the Bob Hoskins film “The Long Good Friday.” That is, a demolition derby. 93 more words
Tags » ECB
The final US GDP growth rate just came is at a wimpy 1.4% QoQ. But on a YoY basis, Q2 GDP growth was even lower at 1.3%. 27 more words
It seems a long time since we talked about Greece.
Their economy minister is confident that the country’s leftist government is making progress on its bailout program and following the right policies, despite opinion polls signaling a decline in public support for the governing Syriza party. 512 more words
The reverberations from Merkel’s Boner will be systemic in nature. The more I think about the ridiculousness of Chancellor Merkel’s ill-advised comment about not financially supporting Deutsche Bank, the greater my fear of a cataclysmic credit event. 672 more words
On September 21, 2016 (last than a week ago), Bloomberg has this headline: “BOJ Shifts Policy Framework to Targeting Japan’s Yield Curve.”
Japan’s 10-year government bond yields hit positive territory for the first time since March. 87 more words