European Banks: The Contagion

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • May 30, 2023 at 9:41 PM EDT

Credit crunch is spreading throughout Europe, already reaching deflationary crisis proportions.

Stock, Trading, Monitor, Business, Finance, Exchange

Image source: Pixabay

Oil can't catch a sustained bid, too easily falling right back into contango. With the US debt ceiling agreement (in principle), rates markets worldwide can now go back to their regularly scheduled alarms. And they have. European banking data shows why that is as contagion spreads across loan books.

Video Length: 00:18:19

More By This Author:

Incomes Are Falling Precipitously And That Means A Lot More Trouble Ahead
Mega Hedging The Debt Ceiling
Profits Collapse And One Recession Confirmed

Disclosure:

This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

Click here to sign up for our free weekly e-newsletter.

Comments

Back to all articles

More from this Author

The Oil Market And Yield Curve Just Did Something Really Strange

The Fed Hasn’t Done This In Over 40 Years - Here’s What You Must Know

The Biggest Gas Vs. Oil Divergence In History (Here's What It Means)