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It's the fear of illiquidity and "a pervasive rush for the exit at some point in the future."

"The bank maintains that it hasn’t acted properly..."

Is China starting to panic?

It's becoming more childish with each passing day.

It's a sea of green and market euphoria is back with a bang.

"In the real world, Target2 imbalances are a measure of capital flight and loans that cannot be paid back...Real people have real fears, and they should. Anyone holding money in Italian banks is a fool."

"If you agree that Facebook’s primarily a nefarious narcissism-factory wasteland masquerading as a platform just delete it... before it deletes you."

"Oligarchs in all nations have sold their countries out in favor of an 'Elysium' style society on earth... where the only words for a citizen are conformity, obedience, and productivity: a planetary 'Gulag' broken down into several regions for administrative purposes and where each region is mutually self-supportive..."

Where the corporatocracy meets the oligarchy...

"Facebook said it wouldn’t use the bank data for ad-targeting purposes" 

The top 1% of Americans took home more than 22% of all income in 2015, the study found. That’s the highest share since a peak of 23.9% just before the Great Depression in 1928.

Another day, another 'apology' for screwing up from Wells Fargo...

"In response to client interest in various digital products we are exploring how best to serve them in this space."

$2 on a whim...

...the eurodollar curve is more likely to be right than cyclical equities...

"The Trump Administration intends to fully enforce the sanctions reimposed against Iran, and those who fail to wind down activities with Iran risk severe consequences."