The slow motion train wreck of what was once The unicorn of all unicorns in the current stable continues. But as the 'free money' supplied by an ever complacent Federal Reserve dries up, suddenly, 'funding round excitement' takes on a whole different connotation.
For a country that is on the brink of a gargantuan public bailout of its toxic-loan riddled banking sector, or failing that, a full-blown financial crisis that could bring down the European financial system, things are eerily quiet in Italy these days. It’s almost as if the more serious the crisis gets, the less we hear about it — otherwise, investors and voters might get spooked. And elections are coming up.
"Over the past 20 years, central banks have run a gigantic real-world experiment called "trickle-down." The results of the experiment are now conclusive: "trickle-down" has failed, miserably, totally, completely."
First Deutsche Bank, now Credit Suisse: according to Bloomberg, the second largest Swiss bank, is also preparing to take advantage of euphoric markets and is considering selling stock valued at more than 3 billion Swiss francs ($3 billion) as it seeks to boost capital levels. The news sent the stock sliding.
The Ides of March looks like the perfect storm just as the Trump Rally shows signs of tiredness. The debt-ceiling bomb, the Fed's next interest hike, and Dutch elections that could lead to Nexit all hit on March 15 just as oil prices are plunging again.
"Watch the liberals. Listen to what they say, because their lies and their slanders are a road map to their plans for the future. Straightforward from here, given the chance, they absolutely intend to impose the kind of quasi-fascist rule they falsely accuse Trump of contemplating. But their problem is that we now recognize their lies, and we see their endgame, and the collapse of the media gatekeepers means they can no longer keep us blind and isolated. "
"This much is clear - if President Trump fails to keep his word, he’s toast. And he should be - we’ve spent decades being lied to, bamboozled, and swindled by both fork-tongued liberals and fake 'conservatives'...There’s no more slack to give; we’re done with leeway and wiggle room. The president has two choices: Keep his promises, or fail disastrously."