Fitch

Global Negative Yielding Debt Surges To $9.7 Trillion Despite ECB's QE Taper

With the Fed now raising rates on expectations of higher inflation and promises from the ECB to cut their QE targets in half for 2018 to a measely €30 billion a month "from January 2018 until the end of September 2018," you might expect global yields to be slowly normalizing as well...but you would be wrong. 

Venezuela, PDVSA CDS Triggered: ISDA Says Credit Event Has Occured

In a long overdue, and not exactly surprising decision, moments ago the ISDA Determination Committee decided, after punting for three days in a row, that a Failure to Pay Credit Event has occured with respect to both the Bolivarian Republic of Venezuela as well as its state energy company, PDVSA.

The Legacy Of Reagan's Civilian 'PsyOps'

"In more recent years, the wording of the program may have changed to more pleasing euphemisms. But the idea is the same: how you can use psyops, propaganda and disinformation to sell U.S. government policies abroad and at home."