"Though both the Fed and ECB are scaling back their balance sheets, the increase in EM FX reserves recently, with Chinese FX reserves doing the majority of the heavy lifting, has gone some way to offset this."
"How come there is no recognition that the promotion of multi-culturalism militates against the idea of a national common culture - e pluribus unum (out of many, one) - leaving nothing for any people to assimilate into? "
The Qatari and Saudi/UAE economic and diplomatic war appears to have taken to the skies above the Persian Gulf, where early Monday the UAE accused Qatari fighter jets of intercepting two UAE civilian airplanes.
One month after a deadly train derailment in Washington State killed three people, America’s crumbling infrastructure was on display again Monday when a DC Metro train derailed in a tunnel in downtown Washington DC.
With US markets closed for holiday, it has been a quiet European session, with Asia similarly subdued, while continued USD weakness, now in its 4th consecutive day, has been the main focus as Bloomberg’s dollar index approached its lowest level in three years.
The second floor of the Indonesia Stock Exchange collapsed into the lobby, injuring scores of people. Jakarta Police report that 75 people were injured, while three local hospitals report having taken in 52 people
Saudi Arabia's billionaire prince Alwaleed Bin Talal, has been carted off to Al Ha'ir prison - the Kingdom's highest security prison - after refusing to pay a reported $6 billion to Crown Prince Mohammed Bin Salman to secure his freedom.
"To cap off a long, strange day, my husband and I took the kids out last night to see Pitch Perfect 3... I wasn’t expecting a masterpiece, but I also wasn’t expecting to be blasted in the face with ninety minutes of blatant war propaganda from the United States Department of Defense."