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People’s Bank of China governor Yi Gang addressed plans for bailing out regional banks for the first time after three crisis in the last five months
German authorities have been in the process of seeking information at Deutsche Bank’s Frankfurt headquarters since Tuesday in relation to Danske Bank and a money laundering scandal, Frankfurt prosecutors said on Wednesday.
Indian authorities are scrambling to suppress speculation about bank closures a day after the regulator imposed restrictions on a local lender, the latest indication of how jittery savers are amid a slowing economy and scandals in the financial system.
    In Search of the Effective Lower Bound
Sep 25, 2019 - 07:52:24 PDT
The Fed is no longer talking about zero-bound but effective lower bound. What's the difference? Where is it?
    Indebted US Consumers Losing Confidence
September 25, 2019
With debt up to his eyeball, the US consumer seems to be losing confidence in the US economy.
Last month, Spencer Schiff wrote an article warning about declining consumer confidence, writing, "any shift in consumer psychology/behavior could knock a critical support out from under our economy."
Gold steadied after posting its longest rally in three months as investors weighed growing political tensions in the U.S., which reinforced demand for havens.
    Dollar Liquidity Crisis Accelerates As Month-End Nears
Sep 25, 2019 - 05:55:15 PDT
As month-end looms, demand for dollar liquidity is accelerating dramatically with today's Fed operation oversubscribed - with around $92 billion of demand for The Fed's $75 billion offering...
    Financial Storm Clouds Gather - Charles Hugh Smith
Sep 25, 2019 - 05:53:09 PDT
The price of this "solution"--the undermining of the financial system--will eventually be paid in full.
Experts say the world may face a "multi-dimensional cold war" as nations are "pressured to take sides" between the U.S. and China.
A Bank of Japan board member said on Wednesday the central bank would ease policy further without hesitation if momentum for hitting its 2% inflation target was lost...
    Global Debt Surges to Highest Level in Peacetime - FT
Sep 25, 2019 - 05:43:20 PDT
World’s major economies have debts on average of more than 70% of GDP. The level of government debt around the world has ballooned since the financial crisis, reaching levels never seen before during peacetime.
The Federal Reserve upped the ante in its efforts to hold short-term interest rates down this week, injecting longer-term cash into the financial system.
Ambrose Evans-Pritchard: The US Federal Reserve has once again tightened too much. It continued to sell bonds and unwind quantitative easing (QE) on self-described “autopilot” for at least a year too long.
Mario Draghi can thank Jay Powell at his retirement party. The latter being so inept as to allow federal funds, of all things, to take hold of global financial attention, everyone quickly shifted and forgot what a mess the ECB’s QE restart had been.
    There's a Theory That Retiring Boomers Cashing Out
Sep 25, 2019 - 05:07:57 PDT
That it will cause a 'dark period' for the stock market
According to TD Ameritrade's 2019 Retirement Pulse Survey, 58% of Americans think that $1 million in retirement savings will be enough. Yet many Americans, 62%, also feel like they need to catch up.
Higher in rates over the last two weeks sent total mortgage applications into a slide, falling 10.1% last week, according to the Mortgage Bankers Association.
Recent turbulence in U.S. money markets has cast light on a big problem hidden at the root of the Federal Reserve’s conduct of monetary policy: It is targeting an increasingly irrelevant interest rate.
Bitcoin struggled as the U.S. trading day began, extending its decline in the wake of Tuesday’s broad plunge across cryptocurrencies even as several alternative coins staged a modest recovery.
Craig discusses the DOJ’s indictment of 2 current (and 1 prior) gold & silver traders, the Fed’s daily repo market operations, gold & silver, and more!