Nick Corbishley

European Banks Face Financial Crisis 2, Shares Hit 1988 Lows

The ECB promised “to monitor markets closely.” Then it came out with a new bond buying binge.More

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Welcome to Dystopia: My Life Under Lockdown in Spain

Most importantly, we have our health (touch wood) and each otherMore

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Mall Giant Intu Warns of Bankruptcy: First, the Meltdown of Brick & Mortar Retail, Now COVID-19

Local governments end up buying dying malls to keep them from becoming dead zones.More

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First Enron of 2020: Muddy Waters’ Short-Target NMC Health Just “Discovered” $2.7 Billion Undisclosed Debt

Oops, the rot runs even deeper than Muddy Waters could have imagined.More

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European Bank Stocks Collapse to March 2009 & 1988 Levels

Just how much lower can they go? To Zero. And the ECB’s negative interest rates are driving them closer to it.More

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Tourism is 10% of GDP in France, 13% in Italy, 15% in Spain. And Now it’s in Free Fall

“If the situation of generalized panic continues, thousands of businesses, especially small ones, will first enter a liquidity crisis, then close their doors.”More

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Muddy Waters’ Short-Target NMC Health, a FTSE 100 Company, Admits Doctoring Accounts on Massive Scale. Shares Suspended

“Even more damning than our initial report”: Carson Block of Muddy Waters.More

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Hong Kong’s Real Estate – Housing, Office & Retail Properties – Face “Tsunami-Like Shocks”

At first the protests and now the coronavirus collide with the World’s Most Expensive Property Market.More

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HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Hong Kong

These days, markets forgive and forget anything except the suspension of share buybacksMore

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Ex-CEO of Pemex Arrested for “Looting Mexico”

Now attention is switching to former President of Mexico Peña NietoMore

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