HSBC Bank on Verge of Collapse: Second Major Banking Crash Imminent
• http://iacknowledge.net, Kerry-anneFears are growing that HSBC bank is insolvent, after the Bank refused cash withdrawals and has an $80bn blackhole in their balance sheet.
Contents Pages by Subject
Economy - International
Russian Bank Halts All Cash Withdrawals
• Daily Paul.comIt would appear the fears of a global bank run are spreading.
World Markets React To Turkey's 425bps Rate Hike
• zerohedge.comJudging by the reaction from SocGen and JPY crosses (and thus global equity markets), the Turkish Central Bank's decision - to tighten aka ubertaper - has solved all the tapering, tantruming, turmoiling problems in markets.
Bank Run Fears Escalate as Russian Lender Bans Cash Withdrawals
• .“Bloomberg reports ‘My Bank’ – one of Russia’s top 200 lenders by assets – introduced a complete ban on cash withdrawals until next week. While the Ruble has been losing ground rapidly, we suspect few have been expecting bank runs
TOO MANY FIRES BURNING: Why Emerging Markets Are Tanking
• http://www.businessinsider.com, Matthew BoeslerAround the world, emerging markets are tumbling. Their currencies are getting slammed and equity markets are selling off.
The Nobel World
• Lewrockwell.comThis year, the Nobel Prize for economics went to two American professors and one British-Cypriot academic.
ARGENTINE BOND TRADER: Here's Worst Case Scenario For Argentina Going Forward
• http://www.businessinsider.com, Linette LopezEconomic meltdowns are hardly impossible in Argentina.
THE FRAGILE FIVE: Here's What's Happening In The Five Emerging Markets Causing Chaos..
• http://www.businessinsider.com, Mamta BadkarTHE FRAGILE FIVE: Here's What's Happening In The Five Emerging Markets Causing Chaos In World Markets
Are We On The Verge Of A Massive Emerging Markets Currency Collapse?
• By Michael Snyder
Sony’s credit rating crash hits junk status
• ars technicaIn November 2012, Moody’s downgraded Sony’s long-term debt rating to one notch above junk status. That marked the second time in a month Sony was hit with a downgrade. On Monday, Moody’s pushed Sony’s rating to Ba1—aka junk status.
"We're Living Within A Money Bubble Of Epic Proportions"
• zerohedge.comJames Turk believes the time we live in now will be studied by future historians for generations to come.
Emerging Market FX: The Straw That Broke The Carry-Trade's Back
• zerohedge.comFX markets featured significant volatility in the past week, though the driver of that volatility was a combination of several idiosyncratic factors, rather than a core underlying narrative.
Thai Anti-Government Protest Leader Killed
• zerohedge.comAs if emerging markets didn't have enough things to worry about following a week in which both the Turkish and Argentina currencies are in free fall, overnight we got a stark reminder from Thailand that the country where the 1997 Asian Crisis origina
20 Early Warning Signs That We Are Approaching A Global Economic Meltdown
• theeconomiccollapseblog.comHave you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China?
Lagarde warns of risks to global economic recovery
• Associated PressThe International Monetary Fund's managing director warned Saturday of the risks posed to global economic recovery from the reduction of the U.S. Federal Reserve's monetary stimulus and falling prices in the eurozone.
HSBC imposes restrictions on large cash withdrawals
• http://www.bbc.co.uk, By Bob HowardSome HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt.
Bank blocking some customers from making large withdrawals without ‘evidence’ of spending need
• Yahoo! News blogIf you bank at HSBC in England, don’t plan on making any large cash withdrawals. At least not without a good explanation. Or, maybe even a permission slip. That’s because a previously unannounced change in banking policy is blocking some customers
Contagion Spreads in Emerging Markets as Crises Grow
• BloombergThe worst sell off in emerging-market currencies in five years is beginning to reveal the extent of the fallout from the Federal Reserve’s tapering of monetary stimulus, compounded by political and financial instability.
Are We On The Verge Of A Massive Emerging Markets Currency Collapse?
• http://chrisinmaryville.net/This time, the Federal Reserve has created a truly global problem. A big chunk of the trillions of dollars that it pumped into the financial system over the past several years has flowed into emerging markets. But now that the Fed has decided to be
Europe's Modest Proposal To End Unemployment: Slavery
• http://www.zerohedge.com, Tyler DurdenHaving spent weeks talking amongst themselves about the chronic and dangerous rise of youth unemployment in Europe (as we warned here), the Center of planning and Economic Research in Greece has proposed a controversial measure.
Here Is The Second Dot Com Bubble: Just Beyond The "Public" View
• zerohedge.comWhile the world of speculative capital is focused intently on the Twitter and Facebook #Ref/0 fundamental valuations in the publicly-traded equity markets, as the WSJ illustrates, the real dot-com 2.0 bubble is occurring in the private markets.
All Of The Turmoil In Global Markets Right Now Is Just One Gigantic Hedge Fund Short Squeeze
• Business InsiderOver the past two trading sessions, the S&P 500 has staged its biggest two-day slide since June 20, and Treasuries are ripping in what appears to be the return of the classic "risk-off" trade.
Again, Argentina?
• Daily Paul.comAgain, Argentina? Printing their way into collapse and default like 2001? The IMF and Creditors have them by the short hairs now (sigh) say good-bye to your national assets. Greece 2.0... or can Chinese investment rescue them?
Here It Comes - More Leading Economists Call For Capital Controls
• http://www.zerohedge.com, Tyler DurdenAs the saying goes, ‘desperate times call for desperate measures.’
Is The China Bank Run Beginning? Farmers Co-Op Unable To Pay Depositors
• http://www.zerohedge.com, Tyler DurdenWhile most of the attention in the Chinese shadow banking system is focused on the Credit Equals Gold #1 Trust's default, as we first brought to investors' attention here, and the PBOC has thrown nearly CNY 400 billion at the market in the last few d
This Is What A Central Bank Losing Control Looks Like
• Zero HedgeWith chatter that over $3 billion has been thrown into the FX market to buy Turkish Lira, it appears the central bank is losing control quickly and Turkish stocks are tumbling.
Davos Unburdening as Memes Begin to Fail
• The Daily BellCrippled eurozone to face fresh debt crisis this year, warns ex-ECB strongman Axel Weber ... Ex-Bundesbank head Alex Weber expects fresh market attacks on eurozone this year and economist Kenneth Rogoff says the euro was a "giant historic mistake." .
20 Early Warning Signs That We Are Approaching A Global Economic Meltdown
• http://chrisinmaryville.net/Have you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China? If you are like most Americans, you have not been. Most Americans don’t seem to really care too much about what is happening in th
Poverty TV: Hit UK show stirs welfare debate
• http://www.myfoxdc.comIt's reality TV for austerity times.
The IMF's Meaningless Words
• thedailybell.comIMF Raises Global Outlook as Advanced Nations Accelerate ... The International Monetary Fund raised its forecast for global growth this year as expansions in the U.S. and U.K. accelerate, and urged advanced economies .....
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