"...this European group THE most profitable company in the world... They have a LEGAL monopoly on their product... So they have a lock on the entire market. It’s extraordinary. You might not be familiar with the company... but you’ve undoubtedly heard of its product."
"Taking the announced scope and magnitude of these bonuses - often $1,000 per worker - at face value suggests an approximately $1bn one-time boost to compensation."
"Investors long, unprotected, & say equity bull market continues to 2019. Bull capitulation means vol spike imminent but requires surge in inflation & yields to satisfy bond paranoia."
What is the solution to a mad centrally banked world that thinks a whole society can speculate its way to prosperity, while really only enriching a few?
When markets open for trading today, the S&P will rise above 2,800 and the Dow Jones will not only make a new record high, it will do so in historic fashion with just 12 days needed to move from 25,000 to 26,000, the fastest 1,000 point move in history.
As we start the third week of the year its more of the same – lots of angst about markets as bursting bubbles, and as much fear about missing further upside before they might or might not burst.
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.
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.
Confirming that the South Korean crypto-purge is now over, the country's Chosun Ilbo newspaper reports that South Korea will have "no issues setting up a real-name cryptocurrency account system" by the end of January.
Every year around this time, lists of global geopolitical hotspots and critical events are published the cogniscenti to discuss among the Bilderbergers and Davosians... But what would the list look like if it targeted the needs of ordinary Americans?
