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Abe Scrambles To Keep ADB Relevant As Xi Dispenses "Belt" Whipping

The global economic order is shifting beneath the feet of Washington and Tokyo as Xi marches ahead with "One Belt, One Road" and prepares to extend the first loans from the China-led development bank that embarrassed the Obama administration earlier this year. 

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Japan To Unleash Inflation... By Fabricating Data

What do you do when you're a government statistician and the economic data doesn't say what you want it to say? Why you "adjust" it of course.

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Weekend Reading: Differing Diatribes

Importantly, while the "bias" of the market is to the upside, primarily due to the psychological momentum that "stocks are the only game in town," the mounting risks are clearly evident. From economic to earnings-related weakness, the "bullish underpinnings" are slowly being chipped away.

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Puerto Rico Faces "Public Unrest" As Cash Crunch May Leave Government Workers Unpaid

As Puerto Rico stares down a $355 million bond payment due in less than two weeks, analysts warn that without federal intervention, the commonwealth could face growing social unrest and a prolonged depression.

GoldCore's picture

Mine Production Stagnates As Silver Coin Demand Hits Record High

"We've had 12 consecutive years of silver deficits" which "can begin to apply upward pressure to prices in subsequent periods" - Thomson Reuters


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Mali Hostage Situation Over; 27 People Reported Dead, 2 Gunmen Killed

Less than a week since the Friday 13th Paris terror attack, hours ago the newswires lit up with news of another terrorist attack when gunmen shouting and screaming "Allahu Akbar" attacked the Radisson Blu, a luxury hotel full of foreigners, in Mali's capital Bamako, taking 170 people hostage. The identity of the Bamako gunmen, or the group to which they belong, is not known

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Caught On Tape: Suicide Bomber Detonates As Al-Qaeda Storms Checkpoint In Yemen

It may be all about ISIS these days, but just because al-Qaeda has been relegated to terrorist also-ran status doesn't mean they're not still operating and indeed, AQAP is still considered the group's most active and powerful branch. New footage uploaded today depicts a massive explosion at a checkpoint near Shibam, Yemen (the "Manhattan of the desert") as al-Qaeda battles both the Iran-backed Houthis and government forces for control of the country.

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Europe Cracks Down On Bitcoin, Virtual Currencies To "Curb Terrorism Funding"

European Union countries are preparing to crackdown on virtual currencies such as bitcoin, and anonymous payments made online and via pre-paid cards "in a bid to tackle terrorism financing after the Paris attacks, acording to a draft document."

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Frontrunning: November 20

  • French, U.S. Troops Enter Mali Hotel as Gunmen Hold Hostages (BBG)
  • Top suspect seen on CCTV in metro during Paris attacks (Reuters)
  • Paris Attacks’ Alleged Ringleader, Now Dead, Had Slipped Into Europe Unchecked (WSJ)
  • Global shares march on as alarm bells ring for metals (Reuters)
  • European Stocks Rise With Asian Shares as Zinc, Ringgit Advance (BBG)
  • World leaders arrive for summit amid heavy security (Reuters)
Tyler Durden's picture

3 Things: Earnings, Profits, Rates

"If you just exclude all the bad stuff, earnings look quite good."

GoldCore's picture

Dark Days: Vulnerable Europe Faces Crisis of Confidence

From both a political and economic perspective, the terrorists could hardly have chosen a more vulnerable moment to strike, with Europe wearied by years of crisis, paralysed by political indecision and shipwrecked by incompetent policy.

Tyler Durden's picture

If The Economy Is Fine, Why Are So Many Hedge Funds, Energy Companies And Large Retailers Imploding?

If the U.S. economy really is in “great shape”, then why do all of the numbers keep telling us that we are in a recession? In 2008, stocks didn’t crash until well after the U.S. economy as a whole started crashing, and the same thing is apparently happening this time around as well.

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Frontrunning: November 19

  • Soothing Fed sounds send shares, emerging markets higher (Reuters)
  • Belgian Police Conduct Raids in Connection With Paris Attacks (WSJ)
  • The Paris Attacks Can’t Lead to a Closed Europe (BBG)
  • Alleged Mastermind of Paris Attacks Was ‘Emir of War’ (WSJ)
  • U.S. Eyes Russia-Iran Split in Bid to End Syria Conflict (WSJ)
  • Despite tensions, Asia-Pacific nations close ranks against terrorism (Reuters)
Tyler Durden's picture

Global Markets Surge Overnight On Fed Minutes Optimism; ECB Minutes Set To Keep Rally Going

While it is still unclear just why the FOMC Minutes which are said to have made a December liftoff "more likely" unleashed a dramatic market rally, one which sent both stocks and TSYs higher, the sentiment continued overnight, with both Asian stocks surging on the US momentum, as well as Europe, where the DAX gapped solidly above the 200 DMA as most European shares advanced, led by resources, travel stocks. U.S. futures continue their ramp higher, and at last check were another 8 points, or 0.4%, in the green.  But if the Fed Minutes were enough to unleash the latest leg in this rally, than the ECB's own minutes due also today, should send futures back over 2100 without much difficult, regardless of their actual content.

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