Japan

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

Steve Keen Exposes Our Dysfunctional Monetary System





We are hostage to a dysfunctional monetary system, run by people who don’t understand how it works in the first place. No wonder the global economy is in the doldrums, and finance markets are having dyspeptic attacks.

 
Tyler Durden's picture

What The Charts Say: "Now Is The Time To Worry"





“Let me be clear with you. YES, it is time to worry, and it may be time to worry a lot. ...something wicked this way comes.”

 
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"

 
Tyler Durden's picture

Morgan Stanley: "We Struggle To Remember When Bearish Sentiment Was As Widespread As Today"





"... the growing perception that central banks are moving away from QE-style programmes to negative interest rates is less supportive for equities, in our opinion. With little evidence so far that negative rates boost aggregate economic activity, the risk is that this policy tool increasingly resembles a more blatant form of 'beggar thy neighbour' currency devaluation. A shift towards a more nationalistic and perhaps less coordinated global policy response could signal a quickening in the pace of fiat currency debasement and augurs badly for risk appetite, in our view."

 
Tyler Durden's picture

A Wounded Deutsche Bank Lashes Out At Central Bankers: Stop Easing, You Are Crushing Us





"We have reached that fork in the road within the monetary twilight zone, where Europe's largest bank is openly defying central bank policy and demanding an end to easy money. Alas, since tighter monetary policy assures just as much if not more pain, one can't help but wonder just how the central banks get themselves out of this particular trap they set up for themselves."

 
Tyler Durden's picture

North Korea Launches Long-Range Rocket





After "preparing" for over a week, moments ago at 00:31 UTC time, North Korea - which has failed to shock the world with some "news" for over a month when it tested a "hydrogen" bomb which according to experts was anything but - launched a long-range rocket which some say is being used as a cover for banned missile test. North Korea has called the launch an attempt to "peacefully launch a satellite." Japan, however, is not happy as according to initial reports, it flew over its airspace in proximity to Okinawa.

 
Tyler Durden's picture

Is Shorting The Yuan Dangeorus?





The announcement that China will start targeting the yuan against a basket of currencies and not the dollar is consistent with the strategy of undermining the dollar's value. While the view of a looming Yuan devaluation seems almost universal, GoldMoney's Alasdair Macleod warns instead that something else may be a foot - China will sell her dollars not to protect the yuan, but to dispose of an overvalued currency.

 
Tim Knight from Slope of Hope's picture

Paths of Glory





What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as these charts illustrate.

 
Tyler Durden's picture

The Chart Of Doom: When Private Credit Stops Expanding...





Three out of the five major economies are already experiencing stagnant or negative private credit growth. Three down, two to go. Helicopter money--government issued "free money" to households--is no replacement for private credit expansion.

 
Tyler Durden's picture

Even With the Market Rolling Over, This Is What Bears Are Worried About





With faith in "growth" faltering and the momo leaders rolling over, there are still worries for the bears in the intermediate term...

 
Tyler Durden's picture

The War On Savers And The 200 Rulers Of World Finance





There has been an economic coup d’état in America and most of the world. We are now ruled by about 200 unelected central bankers, monetary apparatchiks and their minions and megaphones on Wall Street and other financial centers. Unlike Senator Joseph McCarthy, we actually do have a list of their names. They need to be exposed, denounced, ridiculed, rebuked and removed.

 
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