Brazil

Foxconn To Get $230,000 In Incentives For Every Wisconsin Job Created

The "incentive package" for the Foxconn deal will total $3 billion over 15 years, including $1.5 billion in state income tax credits for job creation; up to $1.35 billion in state income tax credits for capital investment and up to $150 million for the sales and use tax exemption. In other words, just over $230,000 for each new job that Foxconn may (or may not) create.

Global Stocks Hit New All Time High After Dovish Yellen, Strong Chinese Trade Data

The hawkish tone and global bond tantrum unleashed by central bankers at the Sintra ECB forum two weeks ago is now a distant memory, and after Janet Yellen surprised markets with an unexpectedly dovish testimony yesterday, overnight global shares hit their fourth all-time high in less than a month as Septmeber and December rate hike odds tumbled, pushing the dollar to the lowest level since September 2016.

The Major Wildcard That Could Send Oil To $120

The oil market is rather depressed and subdued at the moment, but could awaken at moment’s notice if large volumes of oil production are disrupted from some unforeseen event.

The Three Hidden Subplots Of The G20 Hamburg Summit

"The Group of Twenty, known as G20, is an unaccountable and powerful organization that is the closest thing on earth to a true world government... Financial risk, anti-globalism, immigration, and threats from terrorism will be on full display at this next G20 leaders’ summit. There will also be three key sub-plots happening off the main stage to watch closely."

Albert Edwards: "Something Smells Different This Time"

"Is it conceivable that the Fed is no longer so data dependent and doesn’t care how strong the economy is or whether wage inflation is going to pick up? Many commentators seem to think the Fed will simply back off tightening as soon as the going gets rough – as it has consistently done in the past. But something smells different."

U.S. Trade Balance Improves In May As Deficit With China, Europe Shrinks

Coming in largely as expected, the U.S. monthly international trade deficit decreased in May 2017 from an unrevised $47.6 billion in April (revised) to $46.5 billion in May, fractionaly worse than consensus expectations of $46.3 billion, as exports increased and imports decreased.