"We have a dual economy: There are the ones who are angry and are falling behind and there are the ones who are doing very well. The financial markets are largely about those who are doing very well...So it’s quite a one-sided hope and we will see how it plays out."
If present demographic trends continue, in a few decades, native Swedes could easily become a minority in their own country. Swedish ambulance personnel want gas masks and bulletproof vests to protect their staff against the escalating attacks, similar to equipment used by staff working in war zones. Most dangerous, however, is our inability to deal forcefully with problems undermining Western societies, because some Western media refuse to admit that the problems exist.
It was a week when the world was supposed to come to an end, notes Bloomberg's Richard Breslow, but then it didn’t... However, next week’s big events include a meeting between the Chinese and American presidents. Don’t underestimate the importance of it or the market interest it will garner.
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.