A Proposed Natural Gas Pipeline is Next to a Nuclear Power Plant. What Could Go Wrong?
Someone needs to remind the overseers of old nuclear power plants that tail risks are greater than they think.
Read more...Category Archives: Doomsday scenarios
Merkel Channels Varoufakis: “No Plan B,” in This Case, on Migrants
Is Angela Merkel’s “Plan B” remark a Freudian slip, a recognition that like Varoufakis, she’s alienated so many people that she can no longer cinch a deal?
Read more...Negative Rates, Negative Reactions
A new survey suggests that negative rates will be counterproductive. Consumers will not spend more, as central banks wish, but will hoard.
Read more...Wolf Richter: Is This the Beginning of the Next Recession?
A sustained contraction in manufacturing historically has been a harbinger of recession. Be warned.
Read more...Germany Lays the Foundations for a New Eurozone Debt/Banking Crisis
It’s astonishing to see Germany take active steps to wreck the Eurozone.
Read more...China’s Vulnerable External Balance Sheet
A look at the risks of China’s external debt.
Read more...35% Of Public Oil Companies Could Face Bankruptcy
Bankruptcy looms for many exploration and development companies, particularly US shale players.
Read more...The ECB’s Original Sin and Franco Modigliani’s Long View
Franco Modigliani foresaw how the ECB and the Eurozone architecture had an anti-growth bias and proposed remedies that were ignored.
Read more...The China Delusion
Why the path forward for China is fraught from both an economic and political standpoint.
Read more...Michael Hudson Discusses the Federal Reserve and the Global Fracture
Explaining how the Federal Reserve and central bank policies like QE, saved the banks at the expense of wrecking the real economy.
Read more...Hard Times for Italian Banks
The overview: “They argue that rather than spending time revising rules that have already been agreed, alternatives should be considered to make the guarantee schemes as effective as possible.” Translation: “Time to go back to the drawing board.”
Read more...Anyone Want to Buy Deutsche Bank?
Some more reasons why Deutsche Bank looks like one to avoid
Read more...Wolf Richter: Sudden Death? Junk-Rated Companies Headed for Biggest “Refinancing Cliff” Ever – Moody’s
A refinancing bulge is coming awfully soon.
Read more...Cyber Security and the Financial System – Why Technology Snake Oil Sells
How banks finesse cyber security risks despite hand waiving by governments and exhortations for the industry to “do something”.
Read more...Will German Sovereign Debt “Bail In” Scheme Destroy the Eurozone?
Germany is keen on implementing a sovereign bail-in plan that is certain to precipitate a crisis, but more likely a banking crisis than a breakup.
Read more...