UK’s Thomas Cook Collapses After Rescue Talks Fail; 650,000 Travelers Stranded Becoming the latest European travel company to fail and leave its customers stranded (who can forget about the collapse of Iceland’s Wow Air back in March?), 178-year-old Thomas Cook collapsed after failing to secure a deal with its creditors, leaving the British government to… Read More

Is There Something Seriously Wrong With Danske Bank? Authored by Mike Shedlock via MishTalk, Last week, Denmark’s central bank cut its deposit rate to -0.75%. Banks will pass this on to large customers. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Please consider Denmark’s Jyske Bank Lowers its Negative Rates on Deposits. Jyske Bank said on Friday people with… Read More

Chinese Firms Dump $40 Billion In Global Assets, Turn Net Seller For First Time In Decades At the behest of the Communist Party leadership, Chinese conglomerates and investor groups have this year transformed from sometimes overeager spree buyers of foreign companies, real estate, and art, into net sellers of global assets for the first time… Read More