The EU is facing an existential crisis and does not look like it will survive the massive political and financial challenges it is faced with. This has ramifications for investors in the EU itself and throughout the world.
Blockchain and gold will likely make a “good team”, but they’re not ready yet. RCM and GoldMoney blockchain product asks you to trust in government and the technology, servers, IT, websites etc of the providers
"Dear President Trump, can you stand up to the orthodoxy that’s robbed the business cycle of its very cyclicality? Are you man enough to populate the Fed with leaders who are so strong there’s no need to audit the out-of-control institution?"
"Trust us," they say. "We’ll help you navigate Facebook and filter out the fake news stories,” they promise.But just who are these self-appointed gatekeepers who claim to be the ultimate arbiters of what is or is not “fake news”?
According to BofA, the best ways to hedge increased risks of a potential Eurosceptic win in the upcoming French election is favouring 10y peripheral spread wideners in Spain vs France, longs in 5y5y Germany and 5y Dutch sovereign CDS. In the options space, the banks recommends going long vol with a hybrid 6m10y strangle. In inflation, it likes 5y5y French CPI v HICP widener and a long 30y OATei breakeven vs inflation swap.
Last week he was"the insurgent" in The White House, this week The Economist decides to revert back to the Putin-puppet narrative for President Trump, as they proclaim 'the art of the deal meets the tsar of the steal' warning "the quest for a deal with Putin is delusional... and could be very bad indeed."
Beijing surprised China-watchers this morning, when the PBOC announced that in January, China’s foreign-currency reserves dipped by $12.3 billion, below the key "psychological level" of $3 trillion, or $2.998 trillion to be exact, declining for the 7th consecutive month, and dropping to the lowest since early 2011.