Bank Run

Tyler Durden's picture

Ferrari Crashes





Another "no brainer" bites the dust. Ferrari is halted limit down in Milan trading and is crashing in US trading - now down over 40% from its "successful" IPO day highs...

 
Tyler Durden's picture

Citi On Why Negative Rates Are Like Potato Chips: "No One Can Have Just One"





"Experience in other countries that have entered into this territory should sober you up on the likely economic and inflation impact. No country that has gone into negative rates has experienced major shifts in its growth and inflation profile – minor, yes; major, no. As a consequence every dip into negative rates has been followed by additional moves."

 
Tyler Durden's picture

"Pandora's Box Is Open": Why Japan May Have Started A 'Silent Bank Run'





"... if the negative interest rate continues for longer or goes deeper, commercial banks may have to set negative interest rates on deposits, which would expand not only the tax on commercial banks, but also on depositors (households and companies). This could lead to a ‘silent bank run’ via a shift of deposits to cash (banknotes), which in turn damages the sound banking system by enlarging the leakage of funds from the credit creation mechanism in the banking system."

 
Tyler Durden's picture

"Investors Should Sell Any Bounce Back" Top Investors See More To Come





"You get the sense that there is a broader market issue here...Complacency about the risks of contagion from the weakest segments of high yield is reminiscent of sentiment regarding subprime debt in mid-2007."

 
Tyler Durden's picture

Some Chinese Banks Run Out Of Physical Dollars As PBOC Holds Yuan Fix Flat For 4th Day





Having apparently taken the day off from selling US Treasuries and buying Offshore Yuan (following yesterday's "murderous" short-squeeze"), completing a 40 handle round trip in the "stable" currency year-to-date, PBOC decided to hold Yuan flat for the 4th day but make a statement that they would "give policy support to exports" - in other words devalue more. The unintended consequence of their decision to withdraw liquidity and crush shorts in offshore Yuan is more problematic as it has reportedly left Chinese banks short of dollars at their ATMs (and are delaying withdrawals). Meanwhile, another of China's favorite outlets for capital outflows - Bitcoin - just got stomped.

 
Tyler Durden's picture

Greek Central Bank Warns Country "Unlikely To Survive Another Bout Of Instability" As Bank "Jog" Accelerates





Something unexpected happened on the road to the latest Greek "recovery": the local population no longer believes one is coming.

 
Secular Investor's picture

Banco De Portugal Indicates The ECB Stress Test Was A Complete 'Sham'





The Central Bank of Portugal conveniently released their results between Christmas and New Year, when the trading desks in Europe are virtually empty...

 
Tyler Durden's picture

Financial Warfare & The Big Reset: Koos Jansen Interviews Willem Middelkoop





Economic warfare aims to capture or otherwise control the supply of critical economic resources or destroying a country’s currency.  The US understands better than anybody else that a country can sometimes be hurt more by doing this than by bombing its infrastructure. The tool of exclusion from the dollar-denominated global financial system is described as a 'neutron bomb' constituting a more potent bomb than any military weapon. But recent developments signal the first stages of the US dollar’s decay.

 
Tyler Durden's picture

Another High Yield Domino Falls As $900 Million Lucidus Capital Liquidates





Moments ago, a third domino fell as Lucidus Capital Partners, a high-yield credit fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, has liquidated its entire portfolio and plans to return its $900 million in AUM.

 
Tyler Durden's picture

Here's How To Trigger A Bank Run





What should the rational investor do in an environment of ongoing financial repression? If you wanted to trigger a bank run, this is certainly how you might go about it.

 
Tyler Durden's picture

Did Mario Draghi Just Leak The Bazooka? Two-Tiered NIRP System May Presage Big Rate Cut





With the ECB's December meeting just one week away, Mario Draghi and co. are still debating how best to package a new round of easing measures. As Reuters reports, the central bank is considering a tiered system for the application of negative rates in an effort to mitigate the effect on banks. Translation: the ECB may be preparing to "overwhelm" with an even larger cut to the already negative depo rate that analysts were expecting.

 
Sprott Money's picture

The Rats and The Sinking Ship





Yes, what we are about to show you is simply a collection of anecdotal data points.

 
GoldCore's picture

Buy Gold While You Still Can!





There’s an enormous and growing disconnect between the cash and physical markets for gold. This is exactly what we would expect to precede a major market-shaking event based on a physical gold shortage.

 
Tyler Durden's picture

"Tick... Tock"





8 years to fix the malfunctioning heart of the world’s financial and legal systems but nothing was actually done... and now the clock is ticking and there is hardly any time left. The number of red lights now blinking at us, largely ignored by those who are supposed to be flying this thing, is growing all the time. It is not that any one of them is a clear harbinger of the end but taken together they paint a dismal and coherent picture – of a system eating itself. The world in which and for which our old system was built is now changing around it in fundamental ways.

 
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