by Claudio Grass In early May, Reuters published a report that truly captured my attention. “European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits some …
BANK OF SPAIN DIRECTOR GENERAL: SPANISH BANKS HAVE DIRECT EXPOSURE TO CREDIT SUISSE OF BETWEEN €300 MLN TO €400 MLN. — Stockeys (@Stockeys1) March 28, 2023 Bank of Spain sees turmoil rising funding costs, requiring liquidity sourcing review https://t.co/VqF5MeqyG8 pic.twitter.com/5HHE4mZ8DV …
Source: https://www.marketbeat.com/articles/amex-profits-fall-9-as-customers-fall-behind-on-payments-2023-01-27/ And this is just the beginning, sad. Americans Fall Behind on Car Payments at Higher Rate Than in 2009 — Automobile repossessions are climbing as inflation forces struggling consumers to make tough choices. Losing his car was just the …
The major exodus by U.S. corporations out of U.S. cities continues. The latest example is now Amazon, who is – for only the second time in Seattle – allowing one of its major office leases to expire, according to the Seattle Times. The …
Meanwhile…. THE BANK OF CANADA SEES THE WORST DROP IN BUSINESS SENTIMENT SINCE 2020. — FinancialJuice (@financialjuice) October 17, 2022 2/In the original 2035 targets published in early 2021, the growth goals are new milestones for both gdp and per …
Guest post by Doug Noland from his blog, Credit Bubble Bulletin: It would have been a nonevent; inconsequential. Confirming New Cycle Dynamics, the Truss government’s “mini budget” has unleashed absolute mayhem. Pension funds blowing up. Emergency central bank rescue operations. …
Guest Post by Doug Noland from his blog CreditBubbleBulletin: Global de-risking/deleveraging has taken A Threatening Turn. It’s no exaggeration to write that the UK pension system was this week at the brink of spectacular collapse, with confidence in policy and …
Based on information released on Aug. 26 by the CBIRC, the China Banking and Insurance Regulatory Commission, the commission has allowed two rural banks in Liaoning Province to enter bankruptcy proceedings, which is tantamount to officially declaring the bankruptcy of …
Things are not looking to good for Pakistan… nor many other countries currently. Facing bankruptcy, food shortages, energy shortages… an all too familiar pattern in 2022. China isn’t fairing too well, either. h/t YouAreDreaming
Just seven years after making its debut in Milan, Domino’s Pizza is saying arrivederci to Italy. The fast food giant closed the last of its 29 stores on the Italian Peninsula after struggling to gain a foothold in the country, Bloomberg reports, with …
by Scrolling_Scroller Evergrande, Sunshine 100, now Kaisa. One by one these Chinese developers are falling like a controlled demolition job. More. MOOOORRREEE!!! Edit: used “Tik Tok” in a poor attempt at a pun. This has nothing to do with that …
Link to story “Repeat Chinese Defaulter Sunshine 100 Misses Another Payment”: https://www.bloomberg.com/news/articles/2021-12-05/china-developer-sunshine-100-defaults-on-170-million-of-bonds h/t Scrolling_Scroller
On Friday, another developer, China Properties Group, said it had defaulted on $226 million worth of notes. All eyes will be on Chinese real estate developer Sinic Holdings, which warned last week it’s not likely to repay offshore bonds worth …
https://twitter.com/JoanieBaloney90/status/1448987706483257344 h/t The Ghost of Oak Redhammer
https://www.broadcastify.com/listen/feed/30327 SkyTeam 11 is over a fire in the area of the Domino Sugar plant in Baltimore https://t.co/4P2pDVJZul — WBAL-TV 11 Baltimore (@wbaltv11) April 20, 2021 h/t McDonald Trunalimunumaprzure
HOUSTON, Texas (KTRK) — Houstonians may notice something different about the way their pizza is delivered this week. Domino’s Pizza announced the launch of its autonomous pizza delivery. Partnering up with Nuro, the pizza chain said some of its customers …
by Steve St Angelo of SRSrocco Report While Mexico suffered the bloodiest year of violent deaths in 2018, even bigger trouble may be ahead for the embattled country. For the first time in more than 50 years, Mexico has become a net importer …
BY SRSROCCO While Mexico suffered the bloodiest year of violent deaths in 2018, even bigger trouble may be ahead for the embattled country. For the first time in more than 50 years, Mexico has become a net importer of oil. …
By Lance Gaitan Early this week, the market shook off Thanksgiving blues and started with a bang! Stocks bounced sharply, and Treasury yields moved up in tandem. Last week’s start was a different story. Stocks fell sharply. Treasury bonds were mostly …
by Thinker The US dollar is being propped up by a range of unstable quick fixes, which are very rapidly coming undone as more and more countries are ditching the dollar as their reserve currency and preferred currency of trade. …
The global contagion has begun. At this writing thirteen fiat currencies are imploding, and currency markets no longer seem to be listening to the central bankers as any intervention has a very short or no impact at all. What the …
Josh Sigurdson talks with author and economic analyst John Sneisen as several Latin American currencies plummet! This is no surprise as all fiat currencies eventually revert to their true value of zero as they have since 1024 AD in China …
Their CEO is a big part of it Think of Domino’s before he got there in 2010. Very forgettable, slightly overpriced (pizza not stock). They: Changed the recipe, most say it tastes better Expanded the menu Became the first in …
By Michael Snyder Did you know that Venezuela just went into default? This should be an absolutely enormous story, but the mainstream media is being very quiet about it. Wall Street and other major financial centers around the globe could …
by Mark Angelides Polls are predicting a stunning victory for Marine Le Pen and her party, France’s National Front (FN), in this year’s French elections. Riding a wave of popularity that has never before been seen in modern French …
