Central banks ‘have never been on thinner ice’

Banks are in over their heads in trouble. Central banks are over their heads in trouble as well. The only thing left to bail them all out would be the IMF — which is within the realm of possibility as we enter a harsh downturn.

 

Sentiment at IMF annual meeting sours on Fed, BOJ, ECB

The global financial elite has soured on global central bank policy, believing that it’s now counterproductive, doing more harm than good.

That was the message on the sidelines of the International Monetary Fund’s annual meeting in Washington, where in informal survey of more than 100 bankers found more than 70% saying monetary policy is now part of the problem instead of a solution. Continue reading

Financial CRISIS: Will Deutsche Bank collapse be WORSE than Lehman Brothers in 2008?

WOULD the collapse of the German banking giant be another Lehman moment for the global banking sector? 

The dramatic collapse of Lehman Brothers eight years ago this month was a defining moment of the devastating financial crisis.

Eight years on, Deutsche Bank’s shares fell to an all-time low today amid fears that it cannot afford to pay a huge fine from the US.  Continue reading