Yahoo - Reuters - Cash hard to raise as Fed jars credit markets. Banks are having to double up on how much cash they keep on hand and credit is going to be harder and harder to come by. This will cause deflation.
Yahoo - Reuters - World's bankers meet, pressing for clarity on regulatory change. It is all a show kids. I have previously said how this will turn out. Bail ins are the future.
Investment Week - Warning of new financial crisis as bond yields spike.
Politico - WSJ, Dow Jones to 'restructure'. Not sure what is going on here; but, it is definitely worth keeping an eye on.
Yahoo - Business Insider - Two Of China's Biggest Banks Have Stopped Lending At Some Of Their Branches. Credit is going away, what will it mean to prices.
The Telegraph - EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues. Let us all say it together, bail ins, the decision was made long ago, this is now just a show to let you know.
Basically, nothing has changed. We should expect stock market volatility and eventually the crash and bail ins. That is what the world is putting the infrastructure in place to deal with. Lets consider this, the world has been setting up laws to deal with massive and systematic failures of large banks. Why do that if everything is okay? The United States has been practicing and putting in place laws to deal with civil disturbances and training the military to deal with them. Why do that if you don't expect something to happen.
Now that we are past that, what is it that we should be keeping our eyes on? The solution to the coming problems. What is the solution and what will it mean and how willing will you be to go along with it?
I don't know what the news will bring; but, I don't just want to write about the economy. Perhaps I shall post more music.
Saturday, June 29, 2013
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