QE for the People
• http://www.myrmikan.com, Daniel OliverMyrmikan's May letter discussed how the Fed had already begun to ease financial conditions, though the method was so subtle that few understood what the central bank was doing.
Contents Pages by Subject
Central Banks/Banking
Central Bank Issues Stunning Warning: "If The Entire System Collapses...
• https://www.zerohedge.com, by Tyler DurdenCentral Bank Issues Stunning Warning: "If The Entire System Collapses, Gold Will Be Needed To Start Over"
After Unveiling 'NotQE', Fed Eases Liquidity Rules For Foreign Banks (Rescues Deutsche)
• https://www.zerohedge.comHaving cracked down on Deutsche Bank in the past, The Fed appears to be playing good-regulator/bad-regulator as The FT reports that Deutsche is expected to benefit most from an imminent change in The Fed's liquidity rules.
As Hong Kong ATMs Run Out Of Cash, Central Bank Steps In To Prevent "Panic Among The Public
• https://www.zerohedge.com by Tyler DurdenAs the violence in Hong Kong escalates with every passing week, culminating on Friday with what was effectively the passage of martial law when the local government banned the wearing of masks at public assemblies,
Bank Crisis Hits India: "Bank Stops Functioning, People Crying Outside Bank Branches"
• https://www.zerohedge.com by Tyler DurdenThe Punjab Maharashtra Co-operative Bank (PMC), in India, has been caught cooking the books and misreporting non-preforming loans (NPL) of Mumbai-based real estate developer Housing Development and Infrastructure Ltd (HDIL).
Dead Deutsche Banker's Son Peddled Trump Financial "Dirt" To The Highest Bidder - Whic
• https://www.zerohedge.comSchiff Promptly Subpoenaed...A trove of insider Deutsche Bank documents was subpoenaed by House Intelligence Committee Chairman Adam Schiff (D-CA) after a bizarre series of events involving Moby.
Something Is Wrong: The Fed Is Offering $100 Billion A Day In Loans To Unnamed Banks
• By Mac Slavo SHTFplan.comThe Federal Reserve is once again secretly shelling out trillions of dollars in the dark, while Congress willingly looks the other way. In other words, the central bank has initiated a replay of the 2007-2010 financial crisis.
One Of The Biggest ECB Hawks Unexpectedly Resigns In Opposition To Draghi's Massive Easing
• https://www.zerohedge.com by Tyler DurdenOne of the biggest hawks on the ECB executive board and governing counsel, Germany Sabine Lautenschlaeger, unexpectedly announced her resignation from the European Central Bank Executive Board more than two years before the official end of her term.
The Ratings Game: How the Banking Mafia Operates
• https://www.corbettreport.com, CorbettFive years ago in the pages of this very column I examined "The Ratings Game: Rating agencies as weapons of economic warfare."
"Who Could Have Known?" ...What The Repo Fiasco Entails
• https://www.zerohedge.com by Michael LebowitzImagine approaching a friend that you think is very wealthy and asking her to borrow ten thousand dollars for just one night.
The Ratings Game: How the Banking Mafia Operates
• https://www.corbettreport.comFive years ago in the pages of this very column I examined "The Ratings Game: Rating agencies as weapons of economic warfare." In that article I explained how the major credit ratings agencies--Standard & Poor's (S&P), Moody's, and Fitch Rat
The Key
• https://northmantrader.com, By Sven HenrichMarkets keep flirting with new highs following the recent rate cuts by the ECB and the Fed and keep rallying on trade optimism in the face of disappointing global economic data.
The Latest Numbers Tell Us That The Global Economic Slowdown Is Accelerating Dramatically
• theeconomiccollapseblog.com, by Michael SnyderEconomists are already predicting "the world's lowest growth in a decade", but it is beginning to look like what we will be facing will be much worse than that.
The BRICS vs Western Central Bankers-War Is Coming-Hide Your Sons
• https://thecommonsenseshow.comThe Common Sense Show is dedicated to peaceful, non-violent social and political change.
These Are The Banks Where The Fed's $1.4 Trillion In Reserves Are Parked
• https://www.zerohedge.com, Tyler DurdenOver the past few days there has been much confusion over the repocalpyse that shook the overnight funding market, and just as much confusion over the definition of reserves which some banks were unwilling to part with, other banks were desperate for
ECB Official: Stablecoins Pose Risks To Public Policy Priorities
• https://www.zerohedge.com by Ana AlexandreA board member of the European Central Bank (ECB) has argued that stablecoins like Facebook's long-awaited Libra coin pose risks to public policy priorities.
The Rich Getting Poorer? Swiss Banks Begin Charging Wealthy Clients For Deposits
• https://www.zerohedge.com, Tyler DurdenFor years, European banks were leery of passing on the ECB's negative deposit rate to their clients for fears of deposit flight and other unintended consequences, in the process being forced to "eat" the difference and impacting their interest income
DOJ Accuses JPMorgan's Precious Metals Trading Desk Of Being A Criminal Enterprise
• https://www.zerohedge.com, by Tyler DurdenWho would have thought that JPMorgan's precious metals trading desk is the functional equivalent of the mafia, and that its one-time leader, Blythe Masters, was the mafia's don?
Turkey Exposes Central Bank Incompetence
• https://www.zerohedge.com, by Tom LuongoLast year I asked whether Turkey would be "City Zero in Global Contagion." That question was based on the crisis unfolding in the Turkish lira which materially threatened a number of major European banks, especially those in Italy.
Banks Seek Lower Credit Score Requirements, Targeting Over 50 Million New Subprime Borrowers
• https://www.zerohedge.com, Tyler DurdenWhen the next bubble bursts - and it will - be sure to take a look back at this article. It might help explain some things.
US Equity Futures Trade Near All Time High After ECB Goes All In
• https://www.zerohedge.com, Tyler DurdenIf it was Powell's intention to have the S&P trade at an all time when he cuts rates by another 25bps next Wednesday, he achieved it.
"Count Draghila": A Furious Germany Reacts To Draghi's Monetary "Horror"
• https://www.zerohedge.com, Tyler DurdenWhen it comes to Mario Draghi's relationship with Germany's notoriously fiscally (and monetarily) conservative public, it tends to be a love-hate affair. Actually, scrap the love part.
Zimbabwe Hikes Rates To 70% To Halt Hyperinflation 2.0
• https://www.zerohedge.com, Tyler DurdenA week after the death of Robert Mugabe, and just a few months after the re-introduction of the ZimDollar, Zimbabwe faces another hyperinflation scare as inflation soars and the central bank hikes rates drastically to stall the currency's collapse.
Blain: What Really, Really Worries Me Is That Markets Are Losing Faith In Central Banks
• https://www.zerohedge.com by Bill BlainBlain's morning porridge, submitted by Bill Blain of Shard Capital "It is not enough to serve our enemies with legal papers…"
Alan Greenspan says it's 'only a matter of time' before negative rates spread to the US
• https://www.cnbc.com by Fred ImbertYou're seeing it pretty much throughout the world. It's only a matter of time before it's more in the United States," Alan Greenspan says. There is currently more than $16 trillion in negative yielding debt around the world as central banks
"The 2020s Will Begin With The Lowest Interest Rates In 5000 Years"
• https://www.zerohedge.com by Tyler DurdenBofA's periodic report on "The Biggest Pictures", published by Chief Investment Stategist Michael Hartnett, is always a treat, if for no other reason than the remarkable context it provides on some more contemporaneous themes such as rates, markets a
New World Order In Meltdown
• https://www.zerohedge.com by Jon HellevigLast week was full of portentous events. Only somebody who has not been awake for the last few years will fail to realize how these at first sight unconnected events are part of the same matrix.
The Real "Helicopter Money":
• https://www.zerohedge.com by Tyler DurdenSince 2009, China Has Created $21 Trillion Of New Money, More Than Double The US
Fitch Confirms Lower Interest Rates Have Yet To Spark Home-Buyer Demand
• https://www.zerohedge.com, by Tyler DurdenFitch Ratings suggests in a new report that declining interest rates won't be enough to spark a rebound in housing market activity for 2H19, with affordability concerns and a lack of supply remaining as a significant constraint.
Check-Mate For Central Banks: Negative Rates & Gold
• https://www.zerohedge.com, Tyler DurdenThe reason for persistent strength in the price of gold can be found in the changing relationship between time preference for monetary gold, and a new round of interest rate suppression for the dollar.
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