banking crisis bubble debt restructuring ECB Europe credibility Europe vulnerability financial repression
Central Banks: The New Weak Link in Our System?
February 22, 2025The European Central Bank announces a loss, the largest since its creation, of 8.3 billion euros for the 2024 fiscal year. By choice, or by lack of rigor, it has paid to banks interest rates far too high in relation to the returns on the various bonds that it holds. At the current stage we…
No more bets ?
March 25, 2024Since mid-2022, real estate prices in the United States have dropped by an average of 20%, compared to a total of 23% during the cataclysmic subprime crisis. It was 23% at the time from 2007 to 2010, whereas we’re dealing with a 20% decline over 20 months now. This would suggest that the collapse is…