Friday, February 5, 2016

RECENT HEADLINES.........Complete And Utter Chaos

European Bank Risk Soars To 3 Year Highs, U.S. Risk Rising.

Ranked by assets, Barclays is the sixth-largest in the world, Deutsche Bank is the eighth-largest, RBS is the 12th largest, and Santander is the 17th.

Year-to-date losses in the big euro-banks that trade here in the U.S.:

Deutsche Bank (DB), down 29.8%

Credit Suisse (CS), down 31.4%

HSBC Holdings (HSBC), down 14.8%

Barclays PLC (BCS), down 21.1%

UBS Group (UBS), down 20.6%

Royal Bank of Scotland Group PLC (RBS), down 20.1%

Banco Santander (SAN), down 16.6%

The collapse of Deutsche Bank continues to not just accelerate but to contagiously spread...

Credit Suisse Plunges To 25 Year Lows After Posting Enormous $5.8 Billion Q4 Loss. Deutsche Bank's U.S. shares are now trading for less than they did at the depths of the Great Recession in 2008-09. Credit Suisse's U.S. shares just sank to the lowest level since 2002.

"Recovery" Fable Unravels As BOE Cuts Growth Forecast, Eurozone Slashes Inflation Outlook

The poor action in these and other mega-banks represents a spreading sickness......


January Large Truck Orders Collapse 48%


Challenger Reports Highest January Layoffs Since 2009


Is The Fed "Seriously Considering" Negative Interest Rates?


This is the 14th monthly drop in YoY factory orders - something that has not happened outside of a broad US economic recession.

In the fourth quarter, lending standards tightened for the second consecutive quarter.  This is problematic because, two consecutive quarters of tightening standards has never happened before without it signalling an eventual move into recession and a notable default cycle.

"We're Nearing The End" David Stockman Warns, Retail Investors Are "Heading For The Slaughter"

In Greece, Familiar Scenes Are Back: General Strike, Molotov Cocktails, Tear Gas

Town Hall Meeting Erupts After German Mayor Says Schoolgirls Should "Not Provoke" Refugees

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