The horror show of European banking system data just keeps getting worse. With Deutsche Bank now constantly in the headlines, it has the look and feel of impending doom, maybe worse than 2008-09. The biggest difference between then and now is that back then the financial markets had already plunged and central banks had yet to start printing money. Now it seems like we’re just whistling not past, but through, the graveyard. One of these zombies will surely reach up from the grave and pull us into the casket with them.
Mario Borat Draghi’s “Great Success”- The European Banking System
You need to login to view this content.
David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.