A Credit Suisse-style collapse is imminent in Japan, and there’s no easy or inexpensive fix for the disaster that’s brewing.

If Norin sells foreign bonds now, it suggests deep liquidity trouble beyond CLOs. https://twitter.com/Bogachan_1971/status/1892415980887855409 Japan’s second-largest bank, Norinchukin, is deep in a liquidity crisis, and it’s becoming nearly impossible to hide its mounting losses. A Credit Suisse-like Collapse is Looming …

READ MORE

Fix This or Nothing Else Matters

Authored by Charles Hugh-Smith via oftwominds, The top 10% are the dog sipping a drink as the cafe burns down, saying “this is fine.” What’s the one thing we need to fix or nothing else matters? There are plenty of potential …

READ MORE