Chaos is bubbling just below the surface this week.
In three extraordinary moves, the Fed has injected $205 billion in liquidity into the little-known but vital "repo" market.
Category
Banks
How to Bank Double-Digit Gains on Italy’s Big Problems
Last Friday, our Garrett Baldwin warned readers against the Deutsche Bank and German banks as a whole.
Well, as it turns out, there’s yet another European country that could go bust at virtually any second now.
Here's the Real Danger from Deutsche Bank
In 2008, just before Lehman Brothers' balance sheet collapsed and a furious employee punched CEO Dick Fuld square in the face, then-New York Fed President Timothy Geithner had a big idea…
Take the big, failing U.S. banks, and sell them for pennies on the dollar to the larger, somewhat healthier banks.
Make these institutions larger, and they could absorb all the toxic balance sheets – and save the global financial system from calamity.
That was the theory, at any rate. We all know how it worked out in the end: Counter-party risk froze the global credit markets and sent the financial system into a tailspin.
Congress failed to grasp what would happen to a financial system that lacked sufficient liquidity to function – like a brain running low on oxygen – before it passed the $787 billion stimulus of 2009. Two more rounds of quantitative easing, courtesy of an "independent" Fed, would follow.
Of course, the "real" costs are virtually incalculable – incalculable costs that are still, a decade later, being borne by the middle class and working people of this country.
How to Cash In as Canada's Banks Join the Bad-Loan BBQ
When you think of the words “financial crisis,” Canada isn’t the first country that usually comes to mind.
But no matter where you are in the world, bankers will be bankers, and whenever there’s money to be made, they will make a risky, stupid play for it.
In fact, there’s no rainy day they won’t totally ignore until it’s too late.
That’s exactly what’s happening in Canada right now, but there’s a juicy profit opportunity here you won’t want to pass up…
Our Top Banking Stock to Buy Now Could Pop 53% According to Warren Buffett
You can use the Money Morning Stock VQScore™ system to find the best stocks to buy now.
The VQScore identified JPMorgan as a breakout candidate in December 2018, when the stock was trading for only $92.
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Instead, you can access this free research and start making life-changing gains with just a few mouse clicks once a week.
[CHART] Bank Stocks Are Loving the Fed's Rate Hikes - Here's the One to Own
You already know the Fed is hiking interest rates. After all, the cost of a new mortgage, car loan, home improvement loan, and even credit card debt is rising.
But you don't have to be a bystander as bank profits soar.
By owning the right bank stocks, you can cash in right alongside them...
What the Most Powerful Bankers in the World Are Watching Right Now
Big banks are the field generals of the U.S. economy, and this "rank" makes their insights extremely valuable for those looking to make a killing from the small soldiers known as community banks.
Here's Tim Melvin with the details...
This Is the Best Bank Stock to Buy to Crush This Earnings Season
Bank stocks have taken a beating this year. Over the last six months, the Financial Sector SPDR Fund fell nearly 10% as volatility and global trade fears sapped investor confidence.
You see, many investors expected rising interest rates and the 2017 tax reform law to drive the financial sector to consistent highs for 2018. However, unfavorable trends in global trade and increased volatility have kept bank stocks from realizing their real profit potential.
However, that's all about to change.
How to Squeeze Triple-Digit Profits from Big Banks' Weakness
Within the next few days, a number of big banks are going to announce their earning like they do every quarter.
When This Stock Triples Your Money, Thank... Congress?
When Congress passed the Dodd-Frank Reform Act earlier this year, a lot of skeptics thought it was like lighting the fuse for the next big blowup.
Look, I understand where the skeptics are coming from. Given enough rope, bankers will inevitably hang themselves in search of an extra percentage point of return. Which would be fine, if their stunts weren't a mortal financial danger to the rest of us, too.
But I'll show you that just isn't the case. The new law didn't leave them anywhere near enough rope.
There is no one on the planet who keeps a closer eye on bankers than I do. After all, I have a lot of my own money – and, more importantly, my wife's "I will kill you in your sleep if you lose my money" IRA account – invested in bank stocks.
If I thought for a second that the Dodd-Frank Reform Act would hurt the banking sector, I'd run for the hills.