Europe’s Bailouts Risk a Full-Blown Financial Crisis
byThe measures implemented by governments in the eurozone have one common denominator: a massive increase in debt from governments and the private sector. Loans…
Economic Cycles
The Chain Reaction Is Now In Process
byMuch has been written about the economic consequences of Covid-19, yet, just as in many of the analyses of the Great Depression and the…
After the flood – Beyond fiscal and monetary intervention
byMonetary and fiscal stimulus to ameliorate the effect of the pandemic has exceeded $9trln Stock markets have recovered, although most are below their…
Not Just Retail: Hedge Funds Flood Into Stocks; Net Leverage Highest In Over Two Years
byFrom Tyler Durden at Zero Hedge On Friday we officially entered the blow-off top phase of the current meltup: between a record surge in Nasdaq volume……
Mario Draghi’s Economic War Against COVID-19
byby Elisabeth Krecké On March 25, 2020, with the world economy paralyzed, Mario Draghi emerged into the spotlight for the first time since stepping…
Unintended consequences of monetary inflation
by“In short, the Fed is committed to rescue businesses from the greatest economic catastrophe since the great depression and probably even greater than that,…
How to maintain a bull market after coronavirus
byEveryone thinks they know the cause and effect of the Federal Reserve’s response to crises such as 2008 and 2020. The Fed prints money to buy…
Can UK Banks Pass the COVID-19 Stress Test?
byEumaeus is pleased to release our report Can UK Banks Pass the COVID-19 Stress Test? on the dire state of the UK banking system as the…
It’s Only Paper
byThe response to the virus has added a new mechanism of capital consumption to the many we have documented over the years. Businesses…
A Rose by Any Other Name – Corona Bonds and the Future of the Eurozone
byA European fiscal spending package worth Euro 540bln has been agreed Eurozone bonds have crashed and recovered Corona Bonds have been found unnecessary…