LIBOR

Head Of Deutsche Bank "Integrity Committee" Fired Due To "Overzealousness"

Perhaps it is merely a coincidence but just weeks after Deutsche Bank became the first bank to admit to rigging the gold market (and agreeing to rat out fellow manipulators) yesterday afternoon the head of Deutsche Bank's "integrity committee" announced he would resign two years before his time, which is a polite way of saying he was fired.

Frontrunning: April 27

  • Trump, Clinton press closer to general election showdown (AP)
  • Acela primaries: Winners, losers (Hill)
  • Trump Says He's `Presumptive Nominee' as Clinton Wins Four (BBG)
  • In the battle for Hollywood endorsements - and cash - Clinton rules (Reuters)
  • U.S. Oil Rises Above $45 a Barrel for First Time Since November (BBG)
  • Spin: Near-Zero Growth Happens Often in Slow-Motion U.S. Economy (BBG)

Denmark, Belgium, Now The Netherlands: Negative Mortgage Rates Spread Across Europe

"Unless a miracle happens and the European and Japanese economic cadavers suddenly sit up and rub their eyes, central banks will eventually have to give up and admit defeat. The hope will be that not too much damage has been inflicted.... But that is central banking for you, in the era of leverage: take from the savers and give to the borrowers in the hope that they will "do something".Not so far, they’re not … they’re just punting it on real estate."

Myths About Gold That Just Won’t Die

The mainstream loves to hate gold, but then again, these are the same people  who were bearish on gold all the way up from $250 to $1,900 (some turned bullish shortly before it topped, but that’s another story). What actually explains all this contempt for gold is the fact that it remains the main antagonist of the current statist centrally planned fiat money system. It’s as simple as that.

Frontrunning: April 6

  • Cruz, Sanders score decisive victories in Wisconsin (Reuters)
  • Clinton Can’t Get to New York Fast Enough After New Sanders Win (BBG)
  • Trump, Clinton Have Single-Digit Leads in Pennsylvania (BBG)
  • Panama law firm says data hack was external, files complaint (Reuters)
  • ‘Panama Papers’ Puts Spotlight on Boom in Offshore Services (WSJ)
  • Barclays partners with Goldman-backed bitcoin payments app (FT)

Frontrunning: April 4

  • Ties between Germany and Russia enter new chill (Reuters)
  • Tax authorities begin probes into some people named in Panama Papers leak (Reuters)
  • SEC investigates ex-JPMorgan debt traders (FT)
  • Who Will Win Wisconsin? Here Are Six Credible Predictions (BBG)
  • Victim in Wall St. Scheme Was a Classmate of Its Accused Architect (NYT)

SunEdison Plummets 40% On "Substantial Bankruptcy Risk" Warning

Just as we warned was likely, the once infamous hedge fund hotel US solar company SunEdison unit TerraForm Global said on Tuesday there was "substantial risk" that SunEdison would soon seek bankruptcy protection  given liquidity difficulties, noting that "such an action would have a material adverse effect” on TerraForm Global. In 2016 alone, SUNE has collapsed from a hope-strewn $6 price to just 73c this morning...

Frontrunning: March 9

  • Angry White Males Propel Donald Trump—and Bernie Sanders (WSJ)
  • Trump Beats Back Attacks and Tightens Hold on Primary Race (BBG)
  • Fed Likely to Stand Pat on Rates, Keep Options Open for April or June (Hilsenrath)
  • Draghi Stimulus Fails in Stock Market as Swings Match 2008 (BBG)
  • Sabine Oil wins pipeline ruling in a blow to pipeline operators (Reuters)