Tuesday, July 26, 2016

Tuesday roundup (07-26-2016)

[In Germany,] Commerzbank profits, capital down on higher risky assets (Reuters)

[In Italy,] Monte dei Paschi working on 5 bln euro cash call - source (Reuters) Italy races to secure privately-backed bailout of Monte Paschi: Plan believed to be to raise €5bn of further capital to avert nationalisation [The Financial Times via] (The Irish Times)

Why Italy’s Banks Are a ‘Doom-Loop’ Risk that Could Bury the Eurozone (Knowledge @ Wharton)

Bank of England hawk signals interest rate cut to tackle slowdown: Monetary policy committee member Martin Weale issues warning about British economy and says he would probably back stimulus measures (The Guardian) RBS fires warning shot to Bank of England over negative interest rates: State-backed bank says it may have to impose charges on deposits for 1.3 million business customers (The Week)

[In the United States,] Sanders, Warren Target Big Banks in DNC Keynote Addresses (American Banker)

‘Clinton Cash’ Dominates #1 on Facebook During Democratic National Convention (Breitbart) Clinton Cash - Official Movie Premiere (Youtube)

The Biggest GOP Names Backing Hillary Clinton—So Far: Some of the GOP’s best brains are now With Her. And, according to a source within the Clinton camp, highlighting Republicans who’ve crossed over will be a key fixture in campaign ads this fall. (The Daily Beast) How Donald Trump Broke The Conservative Movement (And My Heart): The conservatism of Goldwater, Reagan, and Buckley and its romantic notions of limited government dominated Republican politics for half a century. The rise of Trump marks a seismic shift for those of us for whom this wasn’t just a philosophy — it was an identity. (BuzzFeed)

Plutocracy, Then and Now - The Lesser of Two Evils (Jesse's Café Américain blog)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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