Zero rates are hitting European banks at the core of their activity, and we must add to that their bad loans, especially in Italy, Spain, Portugal, Greece and Cyprus

The money created without any counterparty artificially inflates the value of assets, until they reach a breaking point – sooner or later.

The European Banking Authority (EBA) just called for urgent action to be taken in regards to European banks’ bad loans.

The financial world is so upended that even Switzerland is starting to slide awkwardly.

The result of the constitutional referendum in Italy held last Sunday, December 4th, is undisputable, 60% voting “no”, and there was a large participation.

During the election campaign, Donald Trump accused the Fed of playing the Democrats’ game by keeping rates low and creating a “horrible financial bubble”.