ECB: no more bets! More…
The situation is out of control in the euro zone, as I have been writing it for a while… The interbank market does not work…
Crédit Agricole SA: 2011, Q2
Crédit Agricole SA, the second of the four Gos French banks, is listed on Euronext Paris. It is part of an unlisted group Crédit Agricole…
€ big banks: Big bang!
The latest Fed release about balance sheet (H.4.1) shows that it repurchased Treasury securities to $1,647 billion (QE1 and 2, item 1, document 1) financed…
United States: GDP down!
As was feared, GDP down 2.7% in this 3rd quarter 2011 from the previous, which represents a 0.3% year-to-year growth, according to the latest figures…
ECB: no more bets!
The situation is out of control in the euro zone, as I have been writing it for a while… The latest ECB press release ended…
Leverage: reality and Accounting
For over 5,000 years, by definition, the bankers lend money they do not have but that they have previously borrowed. To be able to borrow…
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