There has been a bevy of negative news in the past 48 hours which perhaps explains why futures are fractionally in the green as of this moment.
Meet Andy Guo, an 18-year-old Chinese immigrant, who loves driving his red Lamborghini Huracán. He does not love having to share the car with his twin brother, Anky. "There’s a lot of conflict," Mr. Guo said, as a crowd of admirers gazed at the vehicle and its vanity license plate, “CTGRY 5,” short for the most catastrophic type of hurricane. Or Diana Wang, 23, who thinks a supercar is a poor investment, because its value decreases over time. "Better to spend half a million dollars on two expensive watches or some diamonds."
"Where Else Can I Put My Money?" - China Starts Arresting People As Crisis It Created Comes Full CircleSubmitted by Tyler Durden on 04/10/2016 09:21 -0400
Just like their foray into stocks, Chinese investors are finding out that it isn't easy to make money in short-term lending either. Defaults are on the rise and China's subprime lending bubble has burst. And just like it responded to "malicious short sellers" when stocks went down, China is now arresting those involved in the shadow banking world.
Earlier today, CNBC's Steve Liesman made two very important, in fact "critical", if about one year overdue, discoveries. The first one was that Americans are angry. The second discovery is that angry Americans largely support Trump over Hillary.
Many commentators have mentioned that Hillary Clinton left behind no major achievement as the U.S. Secretary of State; but, actually, she did. Unfortunately, all of her major achievements were bad, and some were catastrophic. Six countries were especially involved: Honduras, Haiti, Afghanistan, Libya, Syria, and Ukraine. The harm she did to each country was not in the interest of the American people, and it was disastrous for the residents there. Hillary Clinton at every campaign debate says “I have a better track-record,” and that she’s “a progressive who gets things done.” Here’s what she has actually done when she was Secretary of State...
After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean that the crisis is over. On the contrary, all of the hard economic numbers that are coming in from around the world tell us that the global economy is coming apart at the seams.
- Futures rise as oil gains hold steady (Reuters)
- China promises economic stability as G20, parliament loom (Reuters)
- Obama scolds Senate Republicans for Supreme Court threat (Reuters)
- China Deploys Missiles on Disputed South China Sea Island (WSJ)
- China Ramps Up Rhetoric, Plans New Steps to Juice Up Economy (BBG)
- China Loses Control of the Economic Story Line (WSJ)
Another "no brainer" bites the dust. Ferrari is halted limit down in Milan trading and is crashing in US trading - now down over 40% from its "successful" IPO day highs...
Why the Black Hole of Deflation Is Swallowing the Entire World … Even After Central Banks Have Pumped Trillions Into the EconomySubmitted by George Washington on 01/24/2016 14:58 -0400
We Ask 3 Top Economists to Explain What the Heck Is Going On ...
The airwaves in the United States were filled with images of sailors on their knees while a US Navy vessel was searched. Unjustified outrage swept the nation. The US Secretary of Defense blamed the incident on a simple navigation error, however a chain of events leading back to 2009 demonstrates the facts are a little more complicated than first appear. The chain of events leads defense analysts to one unmistakable conclusion: Iran has the ability to disrupt US GPS systems.
Now that IBM, Goldman Sachs, Bank of America, JP Morgan and the NYSE all agree blockchain technology will dramatically transform finance and capital markets, how does the investor capitalize on the paradigm shift? First, by understanding the concept of "Pathogenic Finance", autonomy and Zero Trust.
Happy New Year: Global Stocks Crash After China Is Halted Limit Down In Worst Start To Year In HistorySubmitted by Tyler Durden on 01/04/2016 07:46 -0400
It all started off relatively well: oil and US equity futures were buoyant on hopes Iran and Saudi Arabia would break out in a bloody conflict any minute boosting the net worth of shareholders of the military industrial complex, and then, out of nowhere, like a depressed China in a bull shop, the "mainland" crashed the party and it all well south very, very quickly...