Japan

Trumpquake: Futures Wipe Out Month's Gains In One Session, VIX Spikes

Growing concerns over the turmoil engulfing President Donald Trump’s administration weighed on risk appetite, sending global stocks and US futures lower, pressuring the dollar while boosting yen, gold and VIX. The sharp drop has seen the gains over the past month wiped out in one session.

Is The US Prepared For A Nuclear EMP To Shut-Down New York City?

An EMP attack would be the most militarily effective use of one or a few nuclear weapons, while also being the most acceptable nuclear option in world opinion, the option most likely to be construed in the U.S. and internationally as "restrained" and a "warning shot."

JPMorgan: It's Time To Start Shorting Europe Again

"we argued that the market will keep grinding higher in the very short term, given bears’ ongoing capitulation and the return of inflows into Eurozone. We think this support is now close to being spent. We advise to tactically cut directional exposure to stocks and even lay on outright shorts, in addition to having recently reduced portfolio beta." - JPM

Globalization & The Rural-Urban Divide

The playing field was never level: the Neoliberal Corporate-State Order had all the power, and rigged the game to its own advantage. No wonder the rural regions are rebelling--not against the cities, but against the Neoliberal Global Order that has stripped the economic diversity from rural economies.

What Do Rate Hikes Have To Do With Crashing Libor-OIS Spreads?

Since peaking last September at 44bps, 3m Libor-OIS has seemingly collapsed each time the market got excited about higher rates. In fact, whenever the fed funds implied probability of a rate hike jumped just prior to an upcoming FOMC meeting, a drastic narrowing of Libor-OIS ensued.  What rate hikes have to do with Libor-OIS spreads

Bank of China ATMs Go Dark As Ransomware Attack Cripples China

As a result of the WannaCry global malware attack, not only have Chinese ATMs been taken offline, but Chinese traffic police, immigration authorities and various public security bureaus and schools have suspended normal work until the malware threat is resolved.