Yes, everyone knows the recent global trade deterioration it is the result of major economic problems in China which have depressed Asian trade with North America, but we doubt anyone knew just how bad it was. According to IATA, the latest available data by route show that air freight volumes across the Pacific – the largest market in terms of air freight tonne kilometres (FTKs) – were almost 15% lower during the start of this year compared to the same period in 2015.
Irrespective of what you think of Trump, his continued survival in the Presidential circus is undoubtably good. Not because he’s some sort of savior who will “Make America Great Again,” but because he’s bringing up issues he’s not supposed to bring up. At the end of the day, it’s not the actions of any particular individual that instills true fear in the U.S. establishment and deep state government. What really scares them is a population capable of critical thought beyond false left-right paradigm talking points...
Financial privacy is by far the most demonized aspect of privacy. This is a huge clue. Governments wouldn’t hate financial privacy so much if it weren’t so important to individual liberty. Politicians around the world see citizens as milk cows…they merely exist to be squeezed to the last drop. We call it “the new feudalism.” A world without privacy is a giant step backward for human freedom. It’s the new Dark Ages that George Orwell grimly predicted.
"My conjecture is that investors have begun to price out June/July hiking risk they are beginning to reject the view that there is a high?probability fed funds path that is as shallow as the market is pricing in. Before you get to negative rates you would have the hail Mary of QE4 which would act mainly to push down long term yields. In the past the prospect of QE supported equity markets, but there is so much skepticism at this point that the equity market reaction is negligible and the brunt of the concerns are falling on USD and long?term yields."
"Freedom isn't free," you'll be told, but this isn't in reference to the enormous tax bill you're paying every year. No, this slogan is actually a veiled threat against you and a claim that however much you're paying now in terms of dollars or personal freedom, you should be ready and willing to give even more.
Following the denial in February that this action is in any way about reducing cash, Mario Draghi has made his decision: ECB ENDS PRODUCTION AND ISSUANCE OF €500 BANKNOTE. And just like that the second highest denominated European bank note in circulation is dead, driving everyone into the CHF1000 Bill, and implicitly weakening the euro.
"...we are not passive observers, we consistently take all the military measures we consider necessary in order to counterbalance this reinforced presence that is not justified by anything. Certainly we'll respond totally asymmetrically."
There’s something about being insanely rich that people will believe every word that comes out of your mouth no matter how bizarre. As one of the richest men in the world, Warren Buffett’s opinions carry almost Biblical impact, even when they might be completely ridiculous.
It's all over but the press conference (and perhaps elbowing his wife in the face). Watch John Kasich announce he is taking the exterminaTed way out, and also suspending his presidential campaign one day after Ted Cruz did the same, and leaving Donald Trump the official GOP candidate.
"none of the structural headwinds that seem to have plagued the global economy in recent years (a mix of excessive indebtedness, deteriorating demographics, rising political uncertainty as well as the end of the China growth miracle and the commodity supercycle) have been resolved."
As we previewed yesterday, perhaps more so that the longs it was the company's near record shorts who were expecting today's earnings release to see if their bearish bets on the company will pan out. And while the stock slid all day, losing 4% in regular hours after Jim Chanos announced he was short the car maket, the stock now appears to be jumping in the after hours session having just reported its Q1 results which were as follows.
Who could have seen this coming? Having told the British public in so many words, "Vote No To Brexit, Vote Yes To Undemocratic Superstate!" it appears President Obama's unwanted presence in the UK-EU Referendum debate has backfired beautifully. As FreeBeacon reports, Arron Banks, the British entrepreneur leading a grassroots effort to leave the European Union urges Americans to "keep sending Obama over," as 'Brexit' odds have risen above plunging 'Bremain' odds since the President paid a visit to the Queeen.
Is there anyone on the planet who's actually stupid enough to believe these New Normal charts are healthy and sustainable? We doubt it. Rather, the apologists, toadies, apparatchiks and flacks are being well-paid to cheerlead, and the "leadership" (using the term lightly) of the discredited institutions are terrified of what will happen when people finally catch on. The New Normal is not sustainable.