Brazil

Key Events In The Coming Week: ECB Taper, Q3 GDP And Durables

The main even this week will be the ECB's taper announcement on Thursday where consensus expects the ECB to announce a QE extension of €30bn per month for 9 month until Sep-18, with potential extension after. Net purchases between now and Dec-17 will continue at €60bn per month as planned. To cope with rate hike expectations, the ECB is also expected to strengthen forward guidance.

The Countries Most (& Least) Satisfied With 'Democracy'

Across the globe, people are generally unhappy with the functionality of their political systems, though levels of satisfaction with democracy vary hugely between countries... People in India have tremendous faith in democracy... In many other developed countries, however, faith is waning.

The U.S. Owes UNESCO Half A Billion Dollars

The U.S. has been expected to pay the bulk of UNESCO's budget for years and it cancelled its financial contributions back in 2011 in protest of Palestine's admission as a full member. In the years since, it has amassed significant arrears of over $500 million...

Hedge Fund CIO: "Never In Human History Have So Many Things That Weigh Nothing Had So Much Value"

Never in human history have so many things that weigh nothing had so much value, fueled such vast fortunes. Data weighs nothing. Knowledge weighs nothing. Software weighs nothing. Algorithms weigh nothing. And as the singularity approaches - that point when artificial intelligence surpasses all human intelligence - we struggle to fathom its infinite weight, uncertainty.

The Curious Case Of Missing The Market Boom

"I don’t want to kill your dream, and I don’t have to. The dream will kill itself. You’ll hear a monumental ‘POP’ go off, and then you’re back in reality..."

America: The Dictatress Of The World

"No one can seriously deny that Adams has been proven correct - that America - or, more correctly, the US government - has become the dictatress of the world..."

How Columbus Revolutionized The Global Economy

"Columbus Day this year brought with it the usual acrimony, with the usual talking points declaring European settlement of the Americas to be “the most massive act of genocide” in world history. However, few pundits ever take a serious look at the economic implications of the relatively underpopulated lands in the Americas..."

Key Events In The Coming Week: CPI, Retail Sales And FOMC Minutes

The key economic releases this week are the CPI and retail sales reports on Friday. Additionally, the minutes from the September FOMC meeting will be released on Wednesday. There are several speaking engagements by Fed officials this week, including a speech by Chair Yellen on Sunday.

US Trade Balance Shrinks More Than Expected As Deficits With China, EU Decline

The U.S. trade deficit shrank 2.7% in August 2017, declining from a downward revised $43.6 billion in July  to to $42.4 billion in August, better than the $42.7 billion expected, as exports increased by 0.4% to $195.3 billion and imports decreased by 0.1% to $238.1 billion. This was the smallest trade deficit since last September.