Tag Archives: Contagion

Chinese Stocks Tumble On Contagion Concerns From First Shadow-Banking Default

While manufacturing and services PMIs disappointed, the big problem in big China remains that of an out-of-control credit creation process that is blowing up. AsĀ we previously noted, instead of crushing credit creation, the PBOC’s liquidity rationing has forced distressed companies … Continue reading

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This Is the Economic Trigger

The “serious risk” outlined by Fitch Ratings concerning the exposure of U.S. banks to Europe’s contagion is much worse than what is being reported below. There is no “IF” but only a matter of time “WHEN” our banks will fail … Continue reading

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EU Contagion Spreading to American Banks

The stock market lost190.57 points today after a report from Fitch Ratings stated what most financial experts already knew: the contagion spreading through the European Union which will collapse their continental economy will also collapse our American banks. As detailed … Continue reading

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Latest Financial Reports from the European Union Crisis

A flurry of reports on the European Union’s fiscal crisis has been released just prior to the opening of the European stock markets. The following articles detail the latest information from Switzerland, Germany Portugal and Greece. This will not be … Continue reading

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