Turkish Lira Tumbles To Record Low As "Ticking Time Bomb" Looms In Banking...
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Turkish Lira Tumbles To Record Low As "Ticking Time Bomb" Looms In Banking System
"We could find ourselves in a situation where we are not the ones taking the decision [to leave the euro], but others do that,"
As Turkey completes its transition from a parliamentary model to an all-powerful presidency, the Lira has tumbled, erasing overnight gains, following reports that Recep Tayyip Erdogan - sworn in as Turkey's first executive president - has issued a de
Daniel Lacalle joins Jeff Deist to discuss how and why central banks are trapped, stuck with ultra-low interest rates and expansionary policies that produce astonishingly little real growth.
Institutional money is coming. At least that's been the refrain from desperate cryptocurrency traders for the past six months, praying for an influx of new fiat to shore up prices and float their alt bags. But is it really the case that institution
Faster balance-sheet unwind adds to pressure on key rate Bill-supply surge to challenge FOMC's monetary-policy control
What I'm about to tell you is a true story that highlights just how pathetic the banking system has become.
Ever since the ECB commenced buying tens of billions of sovereign and corporate bonds, it is undeniable that Europe's economic picture brightened substantially, eliminating occasional flash crises such as Greece and Italy which had a contagious event
Ever since the ECB commenced buying tens of billions of sovereign and corporate bonds, it is undeniable that Europe's economic picture brightened substantially, eliminating occasional flash crises such as Greece and Italy which had a contagious event
Ever since the ECB commenced buying tens of billions of sovereign and corporate bonds, it is undeniable that Europe's economic picture brightened substantially, eliminating occasional flash crises such as Greece and Italy which had a contagious event
'Stress Tests would be the catalyst', they said... and now 'CCAR will be the catalyst', but US financials ETF (XLF) is now down 12 days in a row - by far the longest losing streak in its 20 year history...
A parody based on our last video... https://youtu.be/2frpU6nkb_I Please help support us on Patreon, read our goals here: https://www.patreon.com/truthstreammedia
Emerging-market debt crises are as predictable as spring rain. They happen every 15–20 years, with a few variations and exceptions.
Humans are by nature somewhat myopic. We tend to focus primarily on what is right in front of us and filter out things further removed.
The 2008 financial crisis was the consequence of a loosely regulated banking system in which power was concentrated in the hands of too limited a cast of speculators," Nomi Prins tell me.
Banking as we know it may soon be dead. Long live super-banking. Banking has a disease. It's stuck in a time warp and inspires little trust or customer confidence, but that was yesterday …
"The 2008 financial crisis was the consequence of a loosely regulated banking system in which power was concentrated in the hands of too limited a cast of speculators," Nomi Prins tell me. "And after the crisis, the way the US government and th
When looking at what is arguably the most important chart for risk assets - the net change in liquidity injections/drains from central banks (in addition to net credit creation in China of course) - we have traditionally shown readers some version of
Since the Federal Reserve hiked rates, "big" US banks have dramatically underperformed "small" US banks, continuing a trend that has been going on since February...
Update: Less than two hours after BCRA's old chief quit and the new chief prompted a 4% ramp in the peso "due to his credibility", the currency has collapsed back to its record lows once again...
There You Have It" ...It's been a while since we featured the grouchy version of Richard Breslow, Bloomberg's "Trader's Notes" author, who is back with a bang with his latest missive, explaining why "Ignoring Current Events Just Makes You a Slave"
A key committee of Swedish lawmakers wants to force the country's biggest banks to handle cash in an effort to halt the nation's march toward complete cashlessness.
The longer an expansion lasts, the crappier its paper becomes.
When it comes to economic booms and busts, not to mention currency instability, there is no greater perpetrator than government-controlled central banking.
The International Monetary Fund (IMF) has worked to push massive debt, the opening of markets for transnational corporations, and global socialism throughout the world for many decades. They have derided the rise of right-wing populism, but it is loo
Circle Internet Financial Ltd has revealed that it is currently seeking to obtain a federal banking license with the U.S. Office of the Comptroller of the Currency (OCC) in order to expand the services available to the company's customers. It also
This morning after my plane landed from Bangkok, I was having breakfast in the business lounge in Sydney and glanced at the local paper, The Australian.
Following last weekend's G-7 meeting for the world's most important finance ministers and central bankers in Whistler, Canada, at which the US was introduced as a "+1" to the G-6, and whose positioned was "condemned" by the rest of the Developed Worl
Central Banker Observes Sudden "Evaporation" Of Dollar Funding, Warns Of Global Turmoil
If federal court accepts offer it will be largest civil penalty in Australia's corporate history