There have been many occasions over the past few years where I thought (and many others thought) that this could break the bank again, and put us firmly back into a financial crisis like 2008. To clear my head I thought about what I look for in the news to keep me on my toes about the potential for severe negative short term . . . → Read More: Reading the tea leaves: signs of coming crisis
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I responded to a comment on nakedcapitalism by Maju on a very good article on the EU’s outrageous bail-in of Cypriot bank account holders by confiscation of a part of all deposits. The commenter Maju wrote I agree with some of the commenters above in the sense that Germany/Eurogroup seem to have wanted to cause a bank run. Otherwise they are total idiots . . . → Read More: Cyprus: reasons to disbelieve what elites say about what they are doing |
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