China's nine-ton school bus-sized space station, Tiangong-1, has plummeted to a watery grave in the South Pacific ocean, and Michigan residents can come out of their bunkers.
"..the awakening to this reality is slowly dawning on market participants as 2019 will have no new artificial stimulus to look forward to. Instead the glorious artificially induced 2018 earnings numbers have to compare to organic incremental growth only..."
A change in the default crude oil transactional currency - which for decades has been the "Petrodollar", blessing the US with global reserve currency status - would have monumental consequences for capital allocations and trade flows.
In what BofA's Chief Investment Strategist, Michael Hartnett, has dubbed "the last QE trade", Japan registered the second biggest inflows on record of $5.8bn & annualizing record $149.3bn inflows for 2018
"... the only way the markets could have been “stunned” in September 2008 is if they were willfully blind in August 2008... Now fast forward to the current bull market."
Greenlight's "bubble basket" was supposed to generate big profits when tech stocks tumbled, as they did last week. That however, did not happen, and Einhorn’s hedge fund fell another 1.9% in March, extending its YTD loss to 14%.
The recent surge in Libor has prompted two questions: 1) how does a higher Libor rate spread throughout the financial system, 2) how much notional debt is at risk of paying far higher interest expense, resulting in tighter financial conditions.
Libor rose from 2.3080% to 2.3118%, increasing for the 37th straight day, and marking the longest consecutive string of advances since a 50-day streak that ended in November 2005
Facebook is making an unprecedented effort to reassure its billions of users after years of surreptitiously hoovering up reams of data before packaging it and selling it to the highest bidder.
Bitcoin has tumbled overnight, back below $8,000, and is now down 48% year-to-date, as cryptocurrencies have accelerated lower this week amid the carnage in tech stocks.
