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Further evidence emerged Monday that ECB rules designed to alleviate the drag of negative rates on bank profitability are pushing deposits out of Germany into more cash-strapped areas.
After living with negative interest rates longer than anyone else, bankers in Denmark need to prepare for the next big threat.
    Further The Zombie Bubble
Dec 2, 2019 - 12:23:30 PST
The Bureau of Economic Analysis (BEA) has revised its preliminary estimate of GDP. That can only mean one thing: time to look at corporate profits again. Included along with the recalculated headline output estimate is the BEA’s first run of profit figures. If you are Jay Powell, you aren’t going to like what
    The Giant Debt for Equity Swap
Dec 2, 2019 - 12:18:49 PST
The number of companies listed on US stock markets has halved since 1996; Low interest rates have pushed debt to all-time highs; The credit quality of corporate bonds and loans is declining; Even a mild recession may prove cathartic.
"I think there's going to be a rotation into non-U.S. stocks — the dollar is going to be weak."
"I think there's going to be a rotation into non-U.S. stocks — the dollar is going to be weak."
Another consequence of Central Banks pushing interest rates extremely low … and ever negative. Investors plowing cash into private assets may recall the words of Wall Stre…
“One of the best things the administration has done across all the parties is jawboning the Fed to keep interest rates down,”
We didn't get that close above $1490,but an indicator is showing that gold is now "oversold". Let's take a look at the charts...
    The U.S. Economy Keeps Defying the Recession Odds
Dec 2, 2019 - 08:47:10 PST
Financial markets are also starting to look a bit shakier, including the market for collateralized loan obligations, which are packages of risky loans that in some ways have begun to substitute for junk bonds...
Mutual fund giant Legg Mason said the probability of a recession over the next 12 months is 50%.
Large debts at the public and private level may not matter as long as growth continues and interest rates remain low. That could all change should a new financial crisis creep up on the global economy, as has happened before.
"Some caution is needed, as these improved survey numbers merely translate into very subdued growth in comparable official gauges of manufacturing production and factory payrolls..."
    Lagarde: Eurozone Growth Is Weak, Stimulus Working
Dec 2, 2019 - 07:08:55 PST
New European Central Bank President Christine Lagarde says growth remains weak in the 19 countries that use the euro, but gave no indication she was contemplating more stimulus.
    Trillion Dollar Deficits as Far as the Eye Can See
Dec 2, 2019 - 06:48:20 PST
And hardly a voice of caution to be heard. In the old days, a decade or so ago, Democrats would have assailed Donald Trump's failure on federal deficits.
China’s central bank governor Yi Gang said in a signed article published on Sunday that Beijing should maintain “normal” monetary policy as long as possible since economic growth is still within a reasonable range and inflation is mild overall.
An unprecedented frenzy of debt sales around the world is threatening to cool this year’s hot returns on corporate bonds.Companies have sold a record $2.44 trillion so far this year across currencies, surpassing previous full-year records. Investors rushed to snap up all this debt because
Make it up as you go strategy... 
    Fed's Second 42-Day Repo Oversubscribed
Dec 2, 2019 - 06:14:07 PST
Rising Repo Rate Confirms Year End Liquidity Rush. Year-end liquidity fears remain front and center as the $25 billion operation proved to be roughly 40% below the required size to satisfy all liquidity demands.
Have you heard? The Democrats are going to fix the student loan mess! They've brought up the issue in almost every  Democratic Party presidential debate. All we need is a good government program and we can easily solve this $1.64 trillion problem.
Never mind that government programs caused the problem in the first place.
Just how big is the problem? And how did we get here? And most importantly, why should you care? You can get all of the details in SchiffGold's fully updated report "The Student Loan Bubble: Gambling with America's Future."