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There are echoes here from 2001, when Argentina issued new debt just a few months before defaulting on it.

"The ultimate parent of the Deutsche Bank Group, Deutsche Bank AG, is very well capitalized and has significant liquidity reserves."

Who needs Draghi?

"The problem is global..."

Just two more indicators have to "trip" before Bank of America's "guaranteed" recession trigger is activated. 

“Honestly I think that’s ridiculous... I don’t think we’re facing an existential threat at all."

"...one should be focused not on Europe – But China, and Shanghai in-particular. Here’s why..."

For Europe's establishment, it's out of the frying pan and into the fire.

The Federal Reserve has designated Deutsche Bank's U.S. ops as "troubled", a rare censure for a major financial institution reflected in DB's price this morning, which is crashing over 5%, at €9.35, and fast approaching all time lows.

• U.S. to slap tariffs on EU steel, aluminum (Reuters)
• Europe will give determined response to any U.S. tariffs: Merkel (Reuters)
• IFJ calls Russian journalist Babchenko affair 'intolerable' (Reuters)
• Even a Strong Economy Might Not Save Spain’s Government (BBG)

All eyes more to Spain, with the Socialists getting close to lining up the support they need to oust Prime Minister Mariano Rajoy in a no-confidence vote.

Italian stocks jumped, and bond yields tumbled, with the FTSE MIB rising as much as 1.3%, or 22,100, as of 10:48am in Milan, extending Wednesday’s 2.1% advance as the panic over Italian politics subsides.

"...this makes Greece look like a walk in the park."

From Italy's political chaos to rising trade tensions, global markets have reasons to get into a spin...

"Once the consequences of the recent turn of tide in monetary policy become obvious and the threat of recession looms on the horizon, demand for gold as a traditional safe haven is bound to return..."

Time's Up!

" Indeed, it was altogether another world..."