Major European Banks Getting Clubbed, Stocks Falling Record Low

Credit Suisse, Commerz Bank, Deutsche Bank and France’s Societe Generale bank stocks are tanking today. What will Central Banks do? Pause, hike or lower Short-term interest rates? This is a developing story. Check back for updates In the end, it doesn’t matter. Choosing between higher inflation (mass job layoffs and business closures) or flooding banks with more currency unit reserves (higher debt in the economy) are not good options. They’re trapped between a rock and a hard place in a situation of their own making. That said, this is not a financial system collapse. Not yet. What we’re seeing now…