UBS Says Transport Stock Rout Is "Overdone" After Amazon News

I had thought the United States government had hit a new low point last week when the Federal Commission of Fine Arts approved a Semiquincentennial 250th anniversary commemorative 24 karat gold coin featuring President Donald J Trump leaning on his his desk with clenched fists and scowling but that was before Secretary of War Pete Hegseth demanded $200 billion from […]

Germany's Pension Time Bomb: $2+ Billion In CRE Losses Expose Cracks In The Fiat Era Submitted by Thomas Kolbe, A shock for the insured members of the Versorgungswerk Zahnärzte Berlin-Brandenburg (VZB). According to a report this week by Bloomberg, losses at the private pension fund total €1.1 billion. Roughly 50 percent of its invested capital has effectively been wiped out—channeled into private loans to non-listed companies, including rPlanet Earth in California, a shrimp farm in northern Germany, and, repeatedly featured on the investment menus of German pension funds, U.S. commercial real...

Sick Behavior From Financial Psychopaths Submitted by QTR's Fringe Finance I’ve been saying this for months: despite “experts” just sounding the alarm moments ago: the private credit unwind that started months ago and has now spiraled into a very real liability for the economy wasn’t some unknowable tail risk lurking in the shadows. It couldn’t have been clearer if it was a fucking neon sign blinking THIS ENDS BADLY hanging outside of the 4 train station on Wall Street so industry workers were forced to see it on their way into work every morning. Not only did I call the...