By Tyler Durden, Authored by Michael Snyder via The Economic Collapse blog, Would you pay more than 100 million dollars for a single deli in rural New Jersey that had less than $36,000 in sales during the last two years combined?  I know that sounds like a completely ridiculous question, but the stock market apparently thinks […]

By Tyler Durden, Authored by Bill Blain via MorningPorridge.com, A short rant about how financial uncertainty will continue for years due to the consequences of the ongoing Global Financial Crisis that began in 2007.    In light of more important news yesterday, it’s worth starting with Lord Mervyn King’s contribution to monetary theory, carried in […]

Global Intel Hub  ZERO HEDGE EXCLUSIVE — 10/18/2021 — As explained in Splitting Pennies – It’s not the value of assets going up it’s the value of the USD going down.  Let’s start out with rumor of a “Global Dollar Collapse” – what does that even mean?  Collapse against what? Currencies are traded in pairs, […]

By Tyler Durden, Submitted by Joe Carson, former chief economist at Allianz The Fed’s debt-bridge policy is designed to improve the flow of credit to businesses to avoid a devastating credit crunch. Never before has one of the monetary policy solutions to combat recession been to extend credit to struggling, profit losing businesses. There is no precedent […]

By Tyler Durden, Authored by Alasdair Macleod via GoldMoney.com, Introduction The Euro Crisis Monitor (below) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national central banks in the Eurozone. Other than minor differences reflecting net cross-border trade not matched by investment […]

By Tyler Durden, Despite being crowned “the king of supply chain finance” earlier this year, Lex Greensill, the Australian melon and sugar cane farmer who rose from obscurity to earn a reputation as a financial wizard (who revamped the practice of supply chain finance and helped some of the world’s biggest banks and asset managers […]

By Tyler Durden, On Thursday German prosecutors raided the finance and justice ministries over accusations that the government’s anti-money laundering agency, the Finance Intelligence Unit (FIU), failed to probe many instances of banks laundering money. The allegations center on the FIU failing to pass on the reports to the police and the judiciary, however, it is “still unclear if the FIU failed […]

By Tyler Durden, When JPMorgan kicked off Q3 earnings yesterday, investor ignored the solid top-line results driven by a surge in advisory and ibanking revenue, and instead were more concerned by the latest decline in consumer and commercial loans and the drop in FICC trading. Would Bank of America follow the same fate when it […]

By Tyler Durden, Authored by Antonis Giannakopoulos via The Mises Institute, The Greek economy shrunk by a record 14 percent in the second quarter of 2020 while at the same time government efforts to ‘’cure’’ the economy have set the country on the road to cross the 200 percent debt-to-GDP ratio as the IMF forecasts. In […]