What does an economic collapse look like in the 21st century?

What does an economic collapse look like. Do we see grocery stores closing? Do we see other retailers like clothing stores and department stores closing up shops? Are there shuttered storefronts on your Main St. shopping center where you bought a tool from the hardware store or dropped off your dry cleaning or bought fruits […]

Fed can’t dig itself out of Jackson Hole

The takeaway from this weekend’s The Kansas City Federal Reserve Bank’s annual meeting in Jackson Hole, Wyoming is … more of the same. Janet Yellen & Co. said they may raise in September (they won’t or can’t that close to an election) and they could raise in December (they may like last year as a […]

Deutsche chief Cryan sees “fatal consequences”

Deutsche Bank chief John Cryan fired his latest salvo not at his usual target Mario Draghi and the ECB, but directly to the German people. The chairman of the largest European bank told the press in a passion plea that if the ECB continues its negative interest rate policies, it could led to  “fatal consequences” […]

Did Deutsche knock on ECB door for cup of cash?

Had two calls from institutional traders late Monday afternoon saying they heard rumors that Deutsche Bank had gone to European Central Bank to get a loan to fund overnight operations. A call into DB’s NYC office said they knew nothing of that, but said that action would come from the German HQ, not NYC. The […]