Candidate Trump loved a strong dollar, said the Fed's low interest created inequality and a false economy and hinted Janet Yellen needed to go. Now that he’s the president, he loves all three and wants them to stay.
With the French voting stations open until 7pm, and the first exit polls due just after 8pm, here is a simple matrix predicting how the Euro will respond once the results start trickling in, together with event probabilities, according Citi.
After months of anticipatory build up, voting is underway in France on Sunday in the first round of a bitterly fought presidential election that is seen as crucial to the future of the Eurozone, and a closely-watched test of voters' anger with the political establishment.
"Yes, we seemed to have lost today. The alt-right held their ground. If we wanna take action against them, we need to be better organized and better trained... A shocking number of our comrades went in there with absolute no combat training. We need to set up seminars..."
When future historians look back at the beginning of the 21st century, they’ll note that we grappled with many big issues. However, historians will not view these ideas and events in isolation. Instead, they will link them all, at least partially, to an overarching trend that is intimately connected to today’s biggest problems: the “hollowing out” of the middle class.
Between alleged interference in U.S. elections by Russia, recent nuclear posturing by North Korea, and chemical weapon atrocities in Syria – it’s hard to keep track of which country is supposed to be the bona fide number one “enemy” of the United States.
Yesterday, a massive US power grid failure was seen across the entire United States in one simultaneous fashion. Many have speculated about a cyber attack (or blamed it on the Russians), but it is more likely a Space Weather Event.
"You are not an investor. One can only be an investor in functioning markets. There have been no functioning markets since at least 2008, and probably much longer. That’s when central banks started purchasing financial assets, for real, which means that is also the point when price discovery died. And without price discovery no market can function."
Three weeks ago we introduced the real "50 Cent" - the mystery trader whose pattern of huge, near-daily trades on the VIX is turning heads in the options market. Having reportedly suffered $89 million in losses so far in 2017 however, the trader is not giving up on his strategy and just doubled-down...
“I’ve worked with murderers and rapists. I can recognize dangerousness from a mile away. You don’t have to be an expert on dangerousness or spend fifty years studying it like I have in order to know how dangerous this man is.”
"The central bank is ready for any shocks that should materialize [after the French election]... Intervening very quickly is really very easy now given the instruments we have... But as we have seen in similar cases, no need has really been observed. And the reason is that all market participants know that these instruments are there to be used."
"The American empire is becoming increasingly insecure and desperate, which also makes it increasingly dangerous. Empires don’t reform. America is tired of being controlled by a small group of unaccountable, incompetent, greedy, unethical crooks running around stealing everything in sight. Enough is enough."
A communique from the IMF’s steering committee released on Saturday in Washington echoed the G-20 reversal, and said that officials “are working to strengthen the contribution of trade to our economies" while omitting a call from its last statement in October to “resist all forms of protectionism."