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  • Deutsche Shares Climb On Reports CFO Von Moltke Might Be Fired June 18, 2019
    After Deutsche Bank's announcement that it would follow through on plans to launch a "bad bank" stuffed with toxic assets and long-dated derivatives failed to revive the company's flagging shares, which tumble to fresh all-time lows seemingly every day now, embattled CEO Christian Sewing is reportedly preparing to make a ritual sacrifice to the finance […]
    Tyler Durden
  • Breslow: Draghi Proves The Market Can Always Be Surprised June 18, 2019
    Via Bloomberg's Richard Breslow, ECB President Mario Draghi spoke today and was full-on dovish. The price action made that clear and the accompanying commentary providing the instant analysis was that the market heard his message and loved it. And that, of course, is the problem. There was nothing said that should make anyone feel particularly […]
    Tyler Durden
  • Suspect Charged In Murder Of Former Republican State Senator June 18, 2019
    An arrest has been made in the case of former Arkansas state Senator Linda Collins-Smith, 57, who was one of two Republican state senators who were shot at their homes in a two-day span. State Police and Randolph County Sheriff's deputies announced Friday that they had detained Rebecca Lynn O'Donnell, 48, of Pocahontas, Arkansas, in […]
    Tyler Durden
  • Housing Starts Slide In May, Despite Plunging Rates June 18, 2019
    Despite the hype of soaring mortgage applications (refis, not purchases) and homebuilder stocks, housing starts tumbled 0.9% MoM in May (drastically missing expectations for a 0.3% rise), and while permits rose a better than expected 0.3% MoM, it remains very flat for the last six months.   Multi-family permits fell in May (to 820k) as […]
    Tyler Durden
  • Libra: Facebook's Crypto Trojan Rabbit June 18, 2019
    Cryptocurrencies are winning. If you need proof look no further than Facebook’s proposed Libra stablecoin. With the release of its White Paper, Tom Luongo explains the salient point is Libra is another attempt by the current banking establishment to slow the flow into the world of hard money. In this respect Libra is no different […]
    Tyler Durden
  • Global Bond Yields Are Crashing(er) June 18, 2019
    Between Draghi's promises, Trump's threats, and the stock market's pressure on Powell, global bond yields are collapsing this morning. Let's start with US Treasuries. 10Y yields have crashed to a 2.01% handle... (lowest since Nov 2016, Trump's election) Completely decoupled from stocks... 10Y Bund yields have plunged to -32bps!! (a record low) But it's global... […]
    Tyler Durden
  • Blain: "Low Rates Won’t Solve The Coming Corporate Debt Crisis" June 18, 2019
    Blain's Morning Porridge, submitted by Bill Blain of Shard Capital “Here’s to all the filthy money and where it went..” So much to think and worry about the morning – the market showing its love and appreciation for BoJo and the heightened chances of a no-deal Brexit by spanking sterling to a 6 month low, […]
    Tyler Durden
  • Draghi Unleashes Global Chaos With Preview Of More Stimulus, Prompts Angry Response From Trump June 18, 2019
    It was shaping up as a slow, boring session with everyone waiting "patiently" for the Fed tomorrow, until right after the European open, when two years after Mario Draghi first laid out the blueprints for the ECB's rate normalization with a speech about the Eurozone's "strengthening and broadening recovery" at the ECB's Sintra forum in […]
    Tyler Durden
  • Beijing Slams Washington's Latest "Feeble Attempt" To Set Up Trump-Xi Meeting June 18, 2019
    With the deadline for arranging a meeting between the two world leaders coming down to the wire, Beijing would apparently like to make it clear to Washington that, if Trump wants a meeting with Xi in Osaka, he's going to need to work a little bit harder. On an already busy Tuesday morning, Global Times […]
    Tyler Durden
  • In Unprecedented Attack, Trump Accuses Draghi Of Manipulating Euro  June 18, 2019
    Update: Trump isn't letting this go, and is now attacking Draghi because European stock markets rallied on Draghi's stimulus remarks, which isn't "fair" for the US. European Markets rose on comments (unfair to U.S.) made today by Mario D! — Donald J. Trump (@realDonaldTrump) June 18, 2019 Now, how long will it take for Trump […]
    Tyler Durden
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