Following yesterday's rate spike-driven market rout, S&P futures have steadied alongside European stocks as global markets stabilized thanks to an easing in the bond selloff, leading to speculation that the worst may be over.
"Sooner or later anyone’s patience wears thin. Today Europe is being pushed toward countering the 'America First' message with a 'Europe First' policy. Angela Merkel has the right to adopt her own 'Germany First' approach..."
San Francisco barely squeezed out New York as the top city for blockchain jobs on our list. Though San Francisco had significantly fewer job postings than New York, it dominated in nearly every other category.
After a ten year hiatus, prop traders are about to become the most desired job on Wall Street (now that hedge funds are replacing their trading desks with algos).
Only 1% of investors said they think the global economy will strengthen over the next 12 months. This is down 4% from April and the lowest level since February 2016 when the S&P hit an intraday low of 1810.
"Three dollars is like a small fence. You can get through it, you can get over it..."but $4 is like the electric fence in Jurassic Park. There’s no getting over that."
"A strong U.S. dollar supported by high U.S. Treasury yields with the 10-year once again rising above the psychological level of 3% should curb capital inflows to risky assets."
"Understanding these dynamics lets you see the endgame more clearly and supports the rationale for owning gold even when short-term price movements are adverse."
"My dear Swiss compatriots, this is the chance of your lifetime. Vote YES to the “Vollgeld Initiative”. Not only will you do yourself and the Swiss economy a favor, by bringing the latter back to sovereign control, you may inspire the peoples of other countries, who are sick and tired of their enslavement by banks..."
"Just as political decentralization is the best way to achieve true self-determination, financial decentralization is the best way for nations to protect their own sovereign interests. Of course to really do so requires resetting the global monetary order."
The default rate for subprime auto loans reached the highest since 1996, at 5.8%, according to latest Fitch data; this is well above the comparable March default rate in the low 3%'s hit during the peak of the financial crisis.
Cybercriminals siphoned 400 million of pesos out of Mexican banks, including the second largest bank: Grupo Financiero Banorte, by generating “phantom orders that wired funds to fake accounts and promptly withdrew the money,”
