"... a former central banker with the South African Reserve Bank believe in 2018, G7 central banks will start buying cryptocurrencies to propel their foreign reserves. "
Seemingly escalating the war of words between Silicon Valley's boy-billionaires, Elon Musk has tweet-stormed that he will delete the Facebook pages for Spacex and Tesla...
"We continue to view 1987 as an important analog for 2018 as we have expected a similar cross-market dynamic between commodities, rates, and equities." - JPM
After concerns about devaluation were allayed modestly by PBOC's fix overnight, China’s ambassador to the U.S. wouldn’t rule out the possibility of the Asian nation scaling back purchases of Treasuries in response to tariffs imposed by President Donald Trump.
"... the Chinese government understands this. That they have Mr. Market on their side, which will punish President Trump with a bear market if the U.S. takes a hard line and chooses a trade war. "
"What’s genius when it helps Obama, is suddenly a threat to Democracy when Trump wins. The truth is, it was dangerous and unethical before and it’s dangerous and unethical now..."
"We’ve been there before, in the crash of the dot-com bubble of 2000, when we believed that downloading pop music and porn would drive the economy of the future. We’ve done it again... Internet community and Artificial Intelligence were the two blasts of hot air that inflated the bubble."
"China is not afraid of and will not recoil from a trade war. If a trade war were initiated by the U.S., China would fight to the end to defend its own legitimate interests with all necessary measures."
25 Percent Ad Valorem Duties: USTR will propose additional tariffs on certain products of China. The proposed product list subject to the tariffs will include aerospace, information and communication technology, and machinery.
In the "heavy" scenario, US-China trade tensions spiral into a larger conflict with high tariffs imposed across-the-board by both sides. This could move the US economy into recession.
"Mozilla is pressing pause on our Facebook advertising. When Facebook takes stronger action in how it shares customer data, specifically strengthening its default privacy settings for third party apps, we’ll consider returning."
"in my mind, this is a hibernating global bear bond market, not a beast. That may come later, much like our programmable robots that may control future society."
