Monte dei Paschi shares were suspended twice throughout today. At one stage down 22% currently trading down 18%. Peripheral bond markets behaving themselves only Italian BTP’s were wider by 7bp’s. The European banking crisis is still in full bloom. What the ECB will not admit is that the design of the Euro lacking a single debt […]

  Deutsche Bank Frankfurt A senior New York lawyer at Deutsche Bank has been found dead. The circumstances pointed to a suicide. The 41-year-old had been found hung on a staircase railing by his wife on Monday. He was involved in the litigation of the bank scandal involving interest rate and foreign exchange market manipulation. He was […]

  We have a very serious problem with Hillary. I was asked years ago to review Hillary’s Commodity Trading to explain what went on. Effectively, they did trades and simply put winners in her account and the losers in her lawyer’s. This way she gets money that is laundered through the markets – something that […]

Goldman Sachs and Blackstone are private equity investors buying up rental property in Madrid. About 13,000 household were told their rents would not increase. Now in a down market, when their renewals come due. they are told their rents will rise sharply or get out. Now a judge will decide who, if anyone, is to blame. […]

The legal system in the United States is becoming so corrupt, this is exactly as Edward Gibbon wrote about the collapse of the rule of law in Rome. Edward Gibbon wrote of him: Each “distinction of every kind soon became criminal. The possession of wealth stimulated the diligence of the informers; rigid virtue implied a […]

  Premier Li Keqiang visited a branch of Bank of China in the China (Shanghai) Pilot Free Trade Zone on Sept 18, ahead of the opening of the international board of the Shanghai Gold Exchange later in the day. Li said the move is a sign that China will continue to open up its finance […]

On Wednesday another American, NBC News reporter in Liberia Ashoka Mukpo was diagnosed with the deadly virus, the channel reported. He is being evacuated to the US for treatment. However, the appearance of Ebola in Europe has not been widely reported. On Friday, Germany confirmed its second case of Ebola, as a man flown from West […]

Constantly we are bombarded by academics who take whatever trend is in motion and extend it out into the distant future. They did that with Global Warming and Al Gore’s forecasts portrayed a current time future TODAY where all ice should have been gone by now. There were predictions about food supply and over population […]

A trial in Washington may get to the truth for it is at least not New York City. There will be many star players taking the stand. No NY court would have ever allowed such a spectacle. There was a Buffet Goldman offer until they decided to let government funds be used. The Fed and […]

Banks are finding that it is far better to stay out of the United States than to be in. Foreign banks are targeted to allow the government to pretend it is dealing with the banks while it is really still overlooking some favored banks in New York. UBS in Switzerland is preparing to delist its […]