"The palmed card in this propaganda trick was the mere fact that right-wing media, too, were now accepting the core principle of projects like Hamilton 68: that a foreign enemy lurks everywhere in our midst"
"Alas, now the last Jedi has fallen... The departure signals the defeat of anti-protectionism, or reduces the influence of anti-protectionism.... Of all the Trump administration resignations, this will be the one most meaningful for markets."
Nearly two-and-a-half years after the CFTC officially declared that bitcoin and cryptocurrencies more broadly would be regulated like securities, a federal judge has ruled that the agency does, in fact, have the authority to regulate the fledgling asset class...
If yesterday morning world markets were a sea of green, today it's the opposite, and while North Korea has yet to "unexpectedly" test fire an ICBM, Tuesday's departure of Gary Cohn has all but assured market that a trade war is, after all, just a matter of time.
“It has been an honor to serve my country and enact pro-growth economic policies... I am grateful to the president for giving me this opportunity and wish him and the administration great success in the future."
"The rise in “zombie” companies has closely tracked changes in the ECB’s balance sheet. Hence, if Draghi turns off the QE taps in ‘19, it may finally be the end of the zombies."
"Possible progress being made in talks with North Korea... The World is watching and waiting! May be false hope, but the U.S. is ready to go hard in either direction!"
The overnight session was already in a festive, risk-on mood with global market a sea of green, when the news hit that North Korea is ready to denuclearize "if the regime safety is assured", which sent futures to session highs, the dollar sliding, the USDJPY spiking and 10Y yields surging to 2.895%.
The problem for American families today, despite media commentary to the contrary, is simply the inability to maintain their current standard of living.
As the Fed's chief regulator said Monday the nation’s regulators are actively considering a significant rewrite of the "Volcker Rule", one which would see prop trading make a triumphal return on Wall Street.
Though his spokesman has denied it, Italian media are reporting that former Prime Minister Matteo Renzi has decided to step down as secretary of the country's Democratic Party...
Trump's trade tariffs may be derailed by his own party according to a Reuters report that both House speaker Paul Ryan and Congressional leaders are demanding that the president kill the proposed tariffs.
This opaque corporate censorship amounts to a private-sector Stasi, pursuing an Orwellian world of profits reaped from the censorship and suppression of dissent...
The US administration appears to be taking an increasingly aggressive stance on trade; however, as BNP Paribas notes, the impact of trade tensions on capital markets can be ambiguous and vary over time...
