With speculation of Russia and China working on a gold-backed currency, a shift in monetary power from the West to the East seems to be their ambitions.
In a report published by the European Central Bank, it announced its inspectors had found "shortcomings and miscalculations" worth more than €10 billion when going through euro zone banks’ loan books last year.
US economic growth expectations have slipped dramatically throughout Q1... However, surveys of economic hope are hyped up on goldilocks-like hype - to an extent we have never seen before... ever.
It's a busy, holiday-shortened week for US data and Fed speakers, with bond traders about to be inundated with an "unprecedented wave" of Bill issuance.
It seems that "Black Monday" has been averted, with global risk sentiment making a full reversal to start the week, and the precipitous selloff from Thursday and (Black) Friday turning into a furious rally on Monday, which has sent S&P futures up 1.4%.
“I suspected that regulation would be the death of the current market’s technology generals,” he said, turning to his table, unrolling a map. “I was right.”
Over the past year or so, we have seen the EUR gaining from strength to strength, pushing hard against the USD which in the current climate seems to be getting little reprieve from the political backdrop required to instill confidence in any currency.
Jamie Dimon’s total 2017 award of $28.3 million included perks such as personal use of corporate aircraft ($73,921), personal use of cars ($29,848) and the cost of “residential and related security” ($48,259).
"Revisiting the February S&P lows raises the risk of capitulation, and thus of a more serious correction beyond the 10% decline seen between January 26th and February 8th."
"Central banks operate in collusion. When the Fed signals it is raising rates, or markets over-react negatively to the threat, another central bank steps in. By colluding, other central banks offer even more dark money-QE to keep the party going..."
"He's from a completely different mold. For the first time in decades, the Fed Chair is not beholden to ideology, academic theory nor activist monetary doctrine... and while pundits underscore 'continuity', the markets must contemplate what this means for the Greenspan/Bernanke/Yellen 'market put'..."
"I learned that Chinese govt is determined to strike back. China's retaliation lists against the 301 investigation will target US products worth $ tens of billions. It is in the making."
