"Political correctness reigns in San Francisco, Hollywood, and Berkeley, it is making inroads into New York and the permanent bureaucratic government in Washington, D.C., but its position is insecure, unstable."
Interestingly enough, with its reputation unmatched by other firms, Xapo has in effect created something more than just a bitcoin vault. It's essentially the first private bank for rich bitcoiners.
Reuters reports that the Argentine Central Bank spent $1 billion buying pesos today to support the collapsing currency... But, while it is off the lows, it remains down on the day and will close at a record low...
In an otherwise quiet overnight session a burst of buying was observed in generally illiquid conditions as US traders walked in, sending S&P futures sharply to session highs as the dollar tumbled.
Any time two prestige think tanks in Washington issue a report calling for US “action” in any region of the world, hold onto your hat – you can be sure that trouble is a-brewing. That’s doubly true if the call relates to the Balkans...
"There is much concern in official Washington about Trump’s seemingly cavalier attitude towards longstanding U.S. alliances, but in the case of Saudi Arabia, a major change of course would undoubtedly be advisable. "
Asked whether Mr Najib would be prosecuted, Dr Mahathir said his coalition was “not seeking revenge... We do not want to punish people because they do not agree with us but the law will be fully implemented in this country.”
The U.S. took a major step toward cutting Iran off from the global economy when the US Treasury announced it was levying sanctions on a financing network accused of funding the elite military unit of the Iranian Revolutionary Guard.
"A successful countering of US sanctions would demonstrate beyond doubt limits to America’s ability to impose its will. That would have wide-reaching consequences,"
"I think the general calm has something to do with not understanding the risks, a strong dose of complacency born from experience over the last decade and everything to do with the 10-year Treasury yield having stopped exactly where bulls were praying it would..."
Thanks to central banks' collusion, "we have built up corporate debt and the markets to such great highs that the potential for a fall would be at an unprecedented level..."
Apple and Goldman are set to launch a new joint credit card, a move that would deepen the technology giant’s push into its customers’ wallets and mark Goldman's first foray into plastic.
"China, along with a great many other nations, are ready for this system to change and balance the economic scale... Once this 'problem' [known as the Federal Reserve Note] is corrected the U.S. economy will change dramatically..."
"All bubbles collapse, but not all bubbles collapse in the exact same way. I believe the Fed has created a perfect storm of combined deflationary and inflationary factors; an economic bomb to surpass all economic bombs."
