"Someone has put Schrodinger’s cat back into the box. The world can justifiably be described as simultaneously growing and slowing, dangerous as all get-out and lurching toward greater geopolitical calm or being run by the inmates of a lunatic asylum yet benefiting from those extolling new visions for the modern world."
As markets take a slow transition into summer with earnings season now almost over, the calendar takes a bit of a break this week with US retail sales the only real highlight on the data docket.
ECB governor Villeroy said the end of net asset purchases is nearing, citing September or December as the likely cut off point, and warning that the first rate hike could come quarters, not years after the end of asset purchases.
S&P futures are higher, maintaining overnight gains as most Asian markets advance with the MSCI Asia Pacific index 0.5% higher, as sentiment was boosted by President Trump unexpected reversal on China telecom giant ZTE.
Speaking in an interview with Bloomberg TV, Eisman said that "Deutsche Bank is a problem bank," has "real profitability issues,” and predicted that it will probably have to raise capital next year.
The introduction of blockchain is expected to shake up the centuries-old trade-finance industry, reducing the numerous documents and several days of processing needed for a single transaction to a paperless task that can be completed in hours.
"...once the bond vigilantes call Mario Draghi’s bluff, which could be as soon as Monday, many, if not all, of these fictions will be revealed overnight. At that point Salvini and Di Maio better be ready to move quickly from studying their parallel currency to printing it...Because if they don’t this new alliance will be broken up before it even begins."
"He has surrounded himself with people who reinforce his view and manipulate him via his vanity. And the price of implementing his current plan will be a global debt crisis which no one will escape. The problem will be very few will see the links..."
A B-1B Lancer 'gunship' may sound like something a kid doodles on his desk during a 4th-grade math class, but Boeing has actually been awarded a patent for just that...
Tesla's chief engineer in charge of vehicle development, Doug Filed, is taking a leave of absence to "spend time with his family" at a critical moment, just as Tesla is struggling to boost production of the Model 3 sedan.
