ratings

Venezuela Is Down To Its Last $10B As Debt Payments Loom

Venezuela’s financial report for 2016 stated that roughly $7.7 billion of the remaining $10.5 billion in foreign reserves had been preserved in gold. Last year, in order to fulfill debt obligations, Caracas began shipping gold to Switzerland.

The US Warms Up To Trump: 3 In 4 Americans Approve Of Trump Address

In a new poll from CNN/ORC, more than 75% of Americans reacted positively to Trump's Tuesday night "Presidential" address to Congress with 57% reacting "very positively."  That said, CNN was quick to point out that Trump's "very positive" rating fell well below Obama's 68% rating in his first address to a join session of Congress in 2009.

How We Got Here In One Sentence

In every annual budget debate since the 1980s, one side figures out that the way to get what it wants – which is higher spending – is to frame the request in a particular, ingenious way: We have to borrow and spend way more now if we want to borrow and spend way less later.

Key Events In The Coming US

The main focus this week will be on President Trump's speech to Congress and Chair Yellen's speech which is the last before the blackout period. US durable goods, ISM, the BoC rate decision, EZ CPI, UK PMIs and a busy calendar in Australia & Scandinavia also coming up.

A Two-State Solution... For The West?

There's a cold war raging. No, not the one between the US and Russia. That’s old news. We're talking about the new cold war: the one for the soul of the West.