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2.9.2016 - Insiders Club Bookmark

2.9.2016

Hello everyone, welcome to another day of "as the world churns"

Last night Europe got rocked hard. That was after Japan got rocked hard.

So what's the issue? Well the problem is that there's a lot of worry that some of the biggest banks, especially Deutsche bank, could be on the verge of failing. And, because all the banking is interconnected, everyone's trying to figure out what kind of "contagion" would occur if a bank that big failed. All across Europe risk spreads are blowing out, as that very contagion fear sweeps the continent.  Spain, Italy, Portugal are all experiencing credit issues, and with Draghi talking about doing "all it takes" they're worried about negative rates making things even worse.

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