European Funding Stress Emerges As Credit Suisse, Deutsche Bank Collapse To Record Lows
It is becoming increasingly impossible for the glad-handing, cheerleading members of the status-quo-hugging club to ignore the fact that Europe’s banking system is collapsing.
Today’s weakness has sent both Deutsche Bank and Credit Suisse (not
some tin-pot Italian banks) to record lows (“worse than Lehman” lows)…And, in the short end of the EUR curve, we are seeing funding stresses in the form of widening Libor/OIS spreads… (basically a measure of short-term counterparty risk)
http://www.zerohedge.com/news/2016-06-14/european-funding-stress-emerges-credit-suisse-deutsche-bank-collapse-record-lows
http://fi.investing.com/equities/deutsche-bank
Global Economy at the Brink of Collapse!
Sources:
Global economic collapse crisis stock market
http://mobile.reuters.com/article/idU…
https://www.thestreet.com/video/13587…
http://www.washingtonexaminer.com/rep…
http://www.politico.eu/article/spain-…
https://www.theguardian.com/world/201…
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