Tuesday, June 14, 2016

This Is Not 2008. Much.

Volume is running 50% above average and Global Financials are going into full meltdown mode...

Unlike the Big Short, "no one" sees this coming...

Speaking of which, bulltards will be glad to see one thing is NOT like 2008...

Cash balances:

The rest of these are deja vu of Lehman:

Asset managers

U.S. Financials

Global Financials

Deutsche Bank

Credit Suisse

Goldman Sachs


ZH: June 14, 2016
Why Credit Card Companies Are Crashing

"There is a general softening in the consumer's ability to pay"