Japan

American Men Are Giving Up On Jobs

There are 10 million American males between the age of 24 and 64 who have literally dropped out of the workforce. It means that they have given up on finding a job or are simply not looking.

Is A Korean Missile Crisis Ahead?

“The two sides are like two accelerating trains coming toward each other with neither side willing to give way,” says Chinese Foreign Minister Wang Yi, “Are (they) really ready for a head-on collision?” So it would seem.

Dollar Tumbles To Session Lows On Mnuchin Devaluation, Trade Deficit Warning

In a second salvo against the strong dollar on the same day, Bloomberg reports that during his first appearance at next week's G-20 meeting in Baden-Baden, Germany, Treasury Secretary Steven Mnuchin plans to drive home the message that the U.S. won’t tolerate countries that engage in currency devaluation to gain an edge in trade.

Yen, Peso Pop After Ross Targets NAFTA, Japan For Trade Deals

The yen and the peso jerked higher after President Trump's commerce secretary Wilbur Ross commented that he expecte to start renegotiating NAFTA within two weeks and that Japan will be high on the list for trade agreements.

10 Straight Weeks Of Equity Inflows As All The New Money Goes To ETFs

The flood of retail money into the global stocks showed no sign of relenting in the latest week, after investors around the globe pumped money into stocks for the tenth straight week, according to EPFR data cited by BofA, which showed some $11.8 billion in equity inflows, however in continued disappointment for active asset managers, over $15 billion of was allocated to ETFs, while mutual funds saw another outflow of $3.6 billion.

S&P Futures, Global Stocks Jump Ahead Of US Payrolls As Global Bond Rout Continues

European and Asian shares rise along with a jump in S&P futures which are pointing to a solidly green open on US payrolls day. The dollar, trading somewhat weaker against the euro was stronger against the yen, and was on track for its firth week of gains, while the rout in global Treasuries continued following a Mario Draghi conference that was interpreted as more hawkish than expected.

China As A Superpower: "They Will Not Be Humiliated Again"

"if China seeks to be a great power in a multipolar world... then China needs to seek a significantly reduced role of the United States in the region. If you accept these propositions, then China clearly needs the capability to counterbalance America’s military dominance in Asia today. After the 1995-1996 Taiwan Strait crises, they concluded that they needed certain capabilities to ensure that they are not humiliated again."

It's 1994 Again: Why Albert Edwards Expects An Imminent "Bond Market Bloodbath"

"Accelerated Fed rate hikes will cause tremors in the Treasury bond markets, forcing rates up, most especially in the 2 year – just like 1994. But as yet another central bank-inspired global recession unfolds, I  believe US 10y bond yields will ultimately converge with Japanese and European yields well below zero"

Crude Plunges Below $49, Dragging Markets Lower; All Eyes On Draghi

While trader attention will soon be focused on the ECB and any potential tightening hints from the central bank, a more pressing development as US traders walk in today, will be ongoing collapse in WTI, which after crashing 5.5% yesterday, has tumbled more than 2% this morning, sliding not only below $50 for the first time since December 1, but also dropped under $49, as a near record number of net long spec positions suddenly rushes to unwind their exposure.