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Italian Banks Hammered; Bad Loans Hit €201 Billion; End of Draghi PUT; Get Out Now!

MishTalk

Italian Banks Hammered Things don't matter until they do. For example, Bloomberg reports Italian Banks Lead European Decliners on Bad-Loan Concerns. Banca Monte dei Paschi di Siena SpA, bailed out twice since 2009, slumped 15 percent to 76.6 Europe’s 46-member Stoxx 600 Banks Index decreased 1.9

Banking 28
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Is the Stock Market in Big Trouble?

The Fearless Marketer

It plummeted because Congress rejected the bank bailout bill. I remember monitoring the news closely, and on the week of September 22 there was heated discussion about the bank bailout bill. Everyone on the news was saying very clearly, “If the bank bailout bill doesn’t go through, the stock market will probably crash.”.

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China Renews Commitment to Global Easing Party; US Tightening by Force

MishTalk

China’s central bank cut benchmark interest rates for the sixth time this year in a bid to support an economy which is forecast to grow at its slowest annual rate in 25 years. per cent in 2015, the lowest International Monetary Fund forecast since 2009, and analysts are concerned that prospects for next year are also dimming.

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Venezuelan Bolivar Plunges to Record Low on Black Market; Bond Default Coming Up in October?

MishTalk

Bolivar vs. US Dollar From 2005 to 2009 the official exchange rate was 2 bolivars to one US dollar. In 2009 the official exchange rate soared to 4.3 The government has reduced disbursements of dollars at the secondary markets in recent weeks,” said Garcia, citing non-public data from the Venezuelan Banking Association.

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More Currency Intervention Madness: Sweden Draws Line in Sand with Euro

MishTalk

In an irrational attempt to sponsor inflation, the Swedish central bank, Riksbank, slashed interest rates to -0.35% and conducted several rounds of QE. Some of Scandinavia’s biggest banks are warning investors not to underestimate the risk that the central bank is preparing to intervene in the currency market. Why the panic?

Banking 28
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Ukraine PM Accuses Russia of Wanting WWIII; Kiev Forces Block Rebel Town; Russia Issues Downbeat Economic Statement

MishTalk

Ukraine forces barricade the rebel stronghold of Slavyansk Russia Issues Downbeat Economic Statement The World Politics Journal notes Russia’s central bank issues a downbeat statement on the Russian economy. On Friday, April 25th, Russia’s central bank raised its benchmark interest rate by 50 basis points to 7.5

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Singapore Set for Icelandic-Style Property Bubble Meltdown; Hype or Reality?

MishTalk

Federal Reserve’s multi-trillion dollar quantitative easing or QE programs resulted in a $4 trillion torrent of speculative “hot money” that flowed into emerging market investments from 2009 to 2013. An international carry trade arose in which investors borrowed significant sums of capital at rock-bottom interest rates from the U.S.