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Brexit Banking Crisis Unfolding
The Bank Index in Europe Just Had it's Largest Daily Drop Ever
"They're going lower ... avoid these ... don't pick bargains.. there's going to be some European bank stocks that lose all their equity value in 2016 ... like Bear Stearns style... it's a very grim picture.. it's a mess..."
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BoA OIS Yield Curve Model: US Recession 2016
The Yield Curve has been a favorite tool of economic forecasters in the US, having accurately foreshadowed seven of the last seven NBER official US recessions. But something funny happened in the past few years: the Fed has embarked upon extraordinarily unconventional policies to artificially anchor the short end of the curve to at or near zero, ( Read more... ) -
Stockman: US Recession May Have Begun. World Heading for "Epochal" Deflation.
Director of the Office of Management and Budget under President Ronald Reagan speaking to Bloomberg of the risks of renewed recession with even greater disarray in Washington. A while ago speaking on CNBC, Stockman warned of "epochal deflation" unfolding around the world. Super bearish. Not for the faint of heart.
Things are "Going to get far ( Read more... ) -
BoA: S&P Likely to Downgrade US Again, as Early as November
CNBC
Bank of America: S&P May Downgrade US Again in November
Standard & Poor's may downgrade the long-term credit rating of the U.S. once again in less than three months after sending shockwaves through the bond and stock markets by stripping the nation of its top notch triple-A rating last week, according to an emergency Sunday night conference ( Read more... ) -
Bernanke speaks, the yield curve steepens.
Bloomberg: Treasury Two-Year Yields Increase Most Since April After Bernanke Speech
And that's all that's left after the power went out last night. -
Data Shows Global Double Dip Risk Arguably Now Highest of Expansion
CNN Money
Bonds ring economic alarm bells
NEW YORK (CNNMoney.com) -- Economists generally aren't worried about the U.S. or global economy falling into another recession. Looking at the bond market, many investors don't agree...
"There is big money making big bets that at a minimum we we'll have a recession if not a depression that could last for years ( Read more... ) -
Going Beyond Boat & Submarine Squabbles
Bloomberg:China ‘Worried’ Over Safety of U.S. Debt, Wen SaysChina, the U.S. government’s largest creditor, is “worried” about its holdings of Treasuries and wants assurances that the investment is safe, Premier Wen Jiabao said ( Read more... )
