Deutsche Bank, long coddled by the German government, is mired in “matters” from Libor rate-rigging to carbon-trading tax-fraud. Now a new “matter” seeped out: the bank had known for years about the impact of commodities specula…
The announcement couldn’t have been more glorious in crisis-struck Italy: Ferrari booked records sales and profits in 2012. Dazzling in every aspect. Not a single cloud darkened the horizon. Except in Italy where sales collapsed. And in the rest …
Financial markets’ addiction to central bank stimulus is out of control (see previous post). Below are some financial media headlines from the last few days discussing market moves – in no particular order. The news driving markets now constantly origi…
The Fed maintained the status quo in its decision last week, which means that it will continue to pump $25 billion per month through the…
The BIS annual report is out, and you probably won’t read a more depressing economic brief this year. The gruesome details: Global economic growth in…
Bloomberg says that global corporate profits are being hit by the Euro crisis. Maybe so, but second quarter corporate taxes in the US hit a…
There are a dozen bullet points in today’s Treasury Update. Here are the first 5. Month to date tax collections for the period ended June…
FHFA Press Release- Washington, DC – U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing…
The Fed will decide on Wednesday whether, and by how much, it will increase the rate at which it pumps cash through Primary Dealer trading…
If you want to be scared, truly terrified, listen to Mark J. Grant… For the last two years, Mr. Grant, a managing director based in…