JPMorgan Bank Deploys JPM Coin For Euro-Denominated Payments
German conglomerate Siemens was reportedly the first company to process euro-denominated payments using JPM Coin… The United States-based investment bank…
Great Collapse (GC) of 2019, doing so
with little or no advance warning… Banks will be the major contributor to the collapse of the United States economy,…
Banks Are In Trouble: Wells Tumbles As Revenues Plunge, NIM Hits Record Low, Warns On Payment Deferrals
If there is one constant during earnings season, it is that no matter what the other banks do, Wells Fargo…
COVID-Crunch? Fed Begins Rationing Coins As Americans Horde Cash
Having closed the US Mint and halted production (blaming COVID-19) after a surge in demand for gold and silver coins, and warned of…
BoE Warns Of Worst Economic Slump In 300 Years
The Bank of England’s Monetary Policy Committee (MPC) “voted unanimously” to keep the banking rate at 0.1% and left its bond-buying program unchanged despite…
JPMorgan Profit Plunges To 7 Year Low On $6.8 Billion In Loan Loss Reserves As Dimon Warns Of “Severe Recession”
And so the worst quarterly earnings season since the financial crisis (at least until the catastrophic Q2 earnings) is off,…
Historic Losses Occur as Wall Street Finally Realizes the Threat That the Coronavirus Poses to the Global Economy
Everything is right on schedule and, now, the time is come to remove one of the final obstacles standing in…
Will The Coronavirus Outbreak Cause A Massive Stock Market Crash?
Could it be possible that this coronavirus outbreak will be the trigger that finally bursts the biggest stock market bubble…
Fed Policy And The Wuhan Coronavirus
When all you have is a hammer, everything looks like a nail. Abe Maslow, the same fellow who developed the “hierarchy…
It’s D-Day For The Repo Market: On Monday $100 Billion In Liquidity Will Be Drained – What Happens Next?
Last week’s apocalyptic report by repo market guru Zoltan Pozsar, which for those who missed it predicted that an imminent market crash…