• Steve H. Hanke
    02/11/2016 - 16:08
    The burgeoning literature contains a great deal of hype, which validates the 95% Rule: 95% of what is written about economics and finance is either wrong or irrelevant.

Germany

Tyler Durden's picture

Deutsche Bank Selling Resumes After CEO Assures Employees Bank Is "Absolutely Rock Solid"





"You can tell them that Deutsche Bank remains absolutely rock-solid, given our strong capital and risk position. On Monday, we took advantage of this strength to reassure the market of our capacity and commitment to pay coupons to investors who hold our Additional Tier 1 capital. This type of instrument has been the subject of recent market concern."

Or, said otherwise, "Deutsche Bank is fine." And the selling has resumed...

 
Tyler Durden's picture

Nine Dead, Hundreds Injured As German Trains Collide Head On





"We need to find out what happened, if the cause of the crash was based on the technology or human failure. This is a huge shock."

 
Tyler Durden's picture

Don't Show Wolfgang Schaeuble This Chart





At this rate, Germany will be asking Greece for a bailout

 
Tyler Durden's picture

Key Events In The Coming Week: Janet Yellen Testifies, China Closed





With China celebrating the Lunar New Year and offline until next weekend, and with the US in the usual post-payrolls macro newsflow lull, the markets will have more than enough time to stew in the latest source of contagion fears, namely Europe, the same Europe which until recently was fixed but is broken all over again.

 
Tyler Durden's picture

Is This The Reason For Europe's Sudden Bloodbath





There is a new  element to the latest European selloff, one which turned vicious just minutes after Europe opened for trading this morning with not just commercial banks (who are now all subject to bail-ins courtesy of the BRRD) being dumped with the Deutsche Bank water, but peripheral spreads and equity markets have all joined in. And moments ago, the Athens stock market just dropped to the lowest level since 1990, while the Greek banking index just crashed over 21% to a new all time low.

 
Tyler Durden's picture

Germany Shuts Down Canadian Bank Tied To Money Laundering





For the first time since 2012, Bafin - Germany’s banking regulator, which for a minute looked like it might actually accuse Anshu Jain of lying about LIBOR - has closed a bank. All financial transactions by Maple Bank of Canada’s German subsidiary have been halted due to "imminent over indebtedness."

 
Tyler Durden's picture

Futures, Global Stocks Tumble As Europe Bank, Periphery Carnage Unfolds





Everything went from bad to worse once Europe opened, and things started going "bump in the morning" across the European banking sector, where not only has it been more of the same with CDS spreads for major banks - most notably Deutsche Bank - continuing their surge wider, but also EM spreads to Bunds all following, with the Portugal-Germany Yield spread blowing out above 300 bps for the first time since 2014, and other peripheral nations following.

 
Tyler Durden's picture

Why The 'Sultan Of Chaos' Is Freaking Out





The only leverage the ‘Sultan’ may enjoy at the moment. From Brussels to Berlin, sound minds are terrified that the EU is now actually hostage to Erdogan’s Kurd “priority”, while Ankara is doing next to nothing to fight massive migrant smuggling. And that explains German Chancellor Angela Merkel’s own desperation. How could the alleged most powerful politician in Europe falls for such a crude extortion racket? The ‘Sultan’ wants a lot of cash, a lot of concessions, and even a further shot at entering the EU. Otherwise, he won’t turn off the tap on the grim refugee flood. No wonder the regime change rumor mill is frantic. In Ankara? No; in Berlin.

 
Tyler Durden's picture

10-Year Old Austrian Boy Raped By Iraqi Refugee Due To "Sexual Emergency"





Someone didn’t read the refugee pool rules cartoon...

 
Tyler Durden's picture

Bank Of America Admits The U.S. May Already Be In A Recession





"The US Treasury curve is still steep by historical standards. Taken at face value, this may suggest recession odds are small. However, we argue this logic is flawed because the curve is structurally steep when the Fed Funds rate is close to zero. When adjusted for the proximity of rates to zero, the curve may already be inverted and therefore may already be priced for a recession./// Implied recession odds are as high as 64% if the adjusted OIS curve is used"

 
Secular Investor's picture

Is Deutsche Bank Signaling A New Banking Crisis?





Meltdown-Mode: European banking stocks are imploding, CDS spreads are exploding.

 
Tyler Durden's picture

Facebook's War On Freedom Of Speech





In lieu of violence, speech is one of the best ways for people to vent their feelings and frustrations. Remove the right to speak about your frustrations and only violence is left.

 
Tyler Durden's picture

Get Ready... For The Pogrom!





"Across the whole country, a pogrom mood prevails that is gathering an explosive intensity."

 
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