Economics

US Banks Are Crashing

Monday, June 27, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 27, 2016 “Fortress balance sheets”? Hmm, so the contagion is spreading as USD liquidity and counterparty risk in the interconnected global financial system has reached US banks with Goldman at 3 year lows and BofA and Citi plunging over 12%… BofA and Citri are ugly… The Rest…HERE Share on... »

US Services Economy Disappoints As ‘Optimism’ Plunges To Record Lows

Monday, June 27, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 27, 2016 The June flash Services PMI printed 51.3, flat to May but below 52.0 bounce expectations with both employment down (3rd monthly drop in a row to lowest since Dec 2014) and optimism tumbling – “service providers indicated another drop in confidence regarding the year-ahead business outlook, with... »

S&P 500 Breaks Below Key Technical Support, Dow Nears 1000-Point Plunge

Monday, June 27, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 27, 2016 For the first time since March, the S&P 500 has tumbled below its 200-day moving average; the last two times it broke this trend, things escalated very quickly. The cash S&P index is now down 100 points from pre-Brexit euphoria but Dow futures are down almost 1000... »

Here’s What AGXIIK Is Worried About Post BREXIT – FULL ON CORZINE

Monday, June 27, 2016
By Paul Martin

SilverDoctors.com June 27, 2016 The only sources of funds that can be drawn upon, confiscated, and large enough to backstop the bad bets that will float to the surface after the BREXIT tsunami are Just US; our funds, savings and pension plans… By AGXIIK: A thought comes to mind regarding the potential problems post-BRExit.... »

Doug Casey Warns Of Crisis This Year: “We’re Going Back Into The Hurricane… Gold Will Go Higher Than Most People Can Imagine”

Monday, June 27, 2016
By Paul Martin

Mac Slavo June 26th, 2016 SHTFplan.com As fears of England leaving the European Union came to a head on voting day, a stunning scene emerged on the streets of London. Though it was completely ignored by the mainstream media, the fact that Brits were lining up in droves in front of gold and silver... »

“It’s a F##king Bloodbath” – European Banking Stocks Collapse As UK Default Risk Spikes

Monday, June 27, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 27, 2016 Traders are frantic this morning as George Osborne’s calming words have done nothing to halt the carnage. From Italian bankscrashing over 25% to British banks being halted, trading at record lows, to Deutsche Bank extending its Lehman-esque trend, as one veteran stock market trader in London said,... »

Deutsche Bank: “There’s No Escaping The Fact That This Is A Class War”

Monday, June 27, 2016
By Paul Martin

From DB’s Jim Reid ZeroHedge.com Jun 27, 2016 “There’s no escaping the fact that this is a class war. Whether its globalisation, immigration, inequality, poor economic growth or a combination of all of them it’s quite clear from this and other anti-establishment movements that the status quo can’t last in a democracy. Eventually you’ll... »

Yellen, Carney Pull Out Of ECB Forum In Portugal

Monday, June 27, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 27, 2016 How do you know that “things are getting serious”? Well, one way as Jean-Claude Juncker explained before, is that “you have to lie.” Another is when central bankers start withdrawing from cental bank gatherings, which as Reuters reported is what both Mark Carney and now Janet Yellen... »

We Just Witnessed The Greatest One Day Global Stock Market Loss In World History

Sunday, June 26, 2016
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com June 26th, 2016 More stock market wealth was lost on Friday than on any other day in world history. As you will see below, global investors lost two trillion dollars on the day following the Brexit vote. And remember, this is on top of the trillions that global investors have... »

China Devalues Yuan Most In 10 Months As Premier Li Warns Of Brexit “Butterfly Effect” On Financial Markets, Economy…”British butterfly has flapped its wings and the entire global financial system could collapse.”

Sunday, June 26, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 26, 2016 In a somewhat shockingly honest admission of the frgaility of the global financial system, Chinese Premier Li warns that a disillusioned British butterfly has flapped its wings and the entire global financial system could collapse. Responding to the plunge in offshore Yuan since the Brexit vote (down... »

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