Instead of warning about the effects of this absurdity, they could just raise rates and quit buying bondsMore
Negative Interest Rates Bite: Bundesbank Warns of Risks to Financial Stability, Moody’s Downgrades Outlook for German Banks
Yield-starved banks expanded lending to “relatively high-risk businesses” and to the property sector, as the Bundesbank considers house prices in many cities overvalued by 15% to 30%.More
As Bad Loans Explode in Turkey, Government Tries to Recreate Debt-Fueled Boom that Led to its Financial & Currency Crisis
Banks are being pushed to lend with the same reckless abandon.More
Screwed Investors Still Stuck in Woodford’s Imploded Mutual Fund Get a Glimpse of Their Losses
After a “run on the fund” triggered when people figured out it was loaded up with crappy illiquid assetsMore
Mexico’s Cancelled $13-Billion Zombie-Airport Refuses to Die
The people voted to scrap the project that was one-third finished, $4 billion over budget, mired in allegations of corruption, and built on an unstable lake-bed. But it has a life of its own.More
Months After Takeover, European Supermarket Giant Dia Discloses Huge Losses, Plunging Revenues, Soaring Debt
Russian billionaire rues the day he bought it. “We should have been more cautious and done our due diligence better.” More
Global Slowdown? Mexico’s GDP Declines Year-Over-Year for First Time Since 2009
Not just exports and manufacturing – but services stall. More
Redemptions Rip Through UK Equity Funds as Fallout from Woodford Collapse Grows
In funds with a liquidity mismatch, the First-Mover Advantage is huge, as Woodford’s investors found out. More
The Crisis in Catalonia and What I Saw in Our Neighborhood in Barcelona
As separatist region is rocked by violence, businesses sound alarm.More
JPMorgan, BofA, Citi, Barclays, Deutsche Bank, BBVA, Santander Accused of Rigging Government Bond Auctions in Mexico. Bank of Mexico Implicated
Collusion and “absolute monopoly practices”More
Nick Corbishley 