More than a year after hyperinflating banana republic Venezuela stopped reporting official inflation data, Venezuela has stopped publishing money supply data, depriving the general public of the last, and best, available tool to ascertain soaring inflation in what has become the world's worst-performing economy.
Kim Jong-un has released a propaganda video in which a US aircraft carrier is blown up while a US strategic bomber shot down in flames. The clip also includes footage from the communist state’s recent ballistic missile launches
Rex Tillerson plans to skip an April 5-6 meeting of NATO foreign ministers for a U.S. visit by the Chinese president and will travel to Russia later in the month, U.S. officials said on Monday, a step allies may see as putting Moscow's concerns ahead of theirs.
While conventional capital markets may be experiencing a "great rotation" out of retail cash into ETFs as Reuters puts it, a similar dynamic was taking place in the cryptocoin realm: "some experts said traders were selling bitcoin and buying ether, which was exacerbating the falls in the original cryptocurrency."
It's not just US-Russian relations that have devolved to the level of spontaneous diplomat expulsion. According to Reuters, New Zealand has expelled an attache at the U.S. Embassy after Washington refused to waive his right to diplomatic immunity in relation to a police investigation of a potentially serious crime, after an "incident" which gave him a broken nose and a black eye, media and authorities said.
"There is still room for both sides to resolve problems through co-operation and consultation, rather than just resorting to retaliation," said a Chinese policy adviser who added that "we should have plans in case things go wrong."
Global markets start the week mixed with Asian stocks rising (Japan was closed for holiday), European stocks sliding, weighed down by declines in oil-and-gas shares and banks, and S&P500 futures also down. The dollar fell to a six-week low, falling four days in a row for the first time since early November as G20 leaders scrap a long-standing commitment to reject all forms of trade protectionism.
"No, we won’t be able to balance the budget this year, but we’re working on trying to get it to balance within the ten-year budget window, which is what Republicans in the House and the Senate have traditionally done the last couple of years."