Tag Archives: Stress Test

It would appear that the central planners of the Bank of England have very short or very selective memories. After adopting unprecedented easing measures during the covid crisis and after supporting the government in its efforts to flood the economy with fresh cash during that same period, the central bank has put itself in a particularly unenviable position.  With inflation soaring and living costs exploding for most consumers and taxpayers, hiking interest rates was the only way...

Global stocks are lower across the board to start the week, as concerns about Trump's administration to pull off a material tax reform plan finally emerge, pressuring S&P futures some 20 points lower this morning, following European and Asian shares lower, while crude oil prices fall unable to find support in this weekend's OPEC meeting in Kuwait where a committee recommended to extend oil production cuts by another 6 months. Safe havens including the yen and bonds climbed as did gold,...

Les résultats du stress test administré vendredi par l’autorité bancaire européenne de Andrea Enria aux banques ne rassurent pas. Les commentaires se concentrent sur la méthode et les perdants, malgré le succès de la grande majorité des banques. (Reuters) Les résultats du stress test administré vendredi par l’autorité bancaire européenne aux banques n’ont pas l’air de rassurer. Les commentaires se concentrent sur la méthode et les perdants, malgré le fait que la grande majorité des...

Summary European bank stress test results will be released a couple hours before the US open on Friday. The focus is on Italy, but other countries’ banks may also be identified as needing capital. Within the existing rules are allowances for exceptions. Everyone wants to follow the rules. The results of the latest stress tests on European banks are expected to be released at 10:00 am CET (5:00 am ET).   The...

Last Thursday, when we reported that Ben Bernanke was to "secretly" meet with Kuroda and Abe this week (he is said to have already met with Japan's central bank head earlier today), we said that "something big was coming" out of Japan which had "helicopter money" on the agenda.  And sure enough, after a dramatic victory for Abe in Japan's upper house elections which gave his party an even greater majority, Abe announced the first hints of helicopter money when Nikkei reported, and Abe...

It never ceases to amaze how vastly different the investment styles of gold paper vs physical traders are: while we have documented previously how the latter tend to buy progressively more the lower the price (as traditional “buy low, buy more lower” investing would suggest), “investors” in gold paper-derivatives such as ETFs and ETPs are quite the opposite: in fact, they rarely buy until someone else is buying and...

Submitted by Danielle DiMartino Booth via DiMartinoBooth.com, “Kings have long arms, many ears, and many eyes.” So read an English proverb dated back to the year of our Lord 1539. And thus was born an idiom that today translates to the very familiar Long Arm of the Law. It stands to reason that such a warning was born of feudal times when omnipotent and seemingly omnipresent monarchs personified the law, possessed...