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The US trade deficit shrank to its smallest since June 2018 in October, as trade with China extended its slide with goods imports from the nation dropping to a fresh three-year low.

Powell's reaction function is once again data-dependent, which is why tomorrow's payrolls report might actually matter to markets.

After a brief lull in the third quarter, a burst of at least 15 new Chinese defaults since the start of November have sent the year’s total to 120.4 billion yuan ($17.1 billion), and about to eclipse the 121.9 billion yuan record set in 2018.

Yet another corpulent billionaire is about to spend billions to own a franchise sports club, just so he can avoid spending billions in taxes.

Panic rush to buy dollars amid unprecedented plunge even after nine years of war...

"...merely indicative of annualised GDP growth in the region of 1.5%"

He sees when stocks are slipping; He knows when bears awake
He knows the Dow Jones must look good; For Trump’s electoral sake

...a good sum up of what we should expect in 2020...

... future historians will probably remember 2020 as the year when an enfeebled and vulnerable Europe chose to make itself feebler and more vulnerable. The task for its leaders now is to avoid making matters even worse...

Do you believe in miracles?

Builders are building cheaper homes because no one can afford anything else...

The French tax "discriminates against U.S. digital companies, such as Google, Apple, Facebook and Amazon."

It's hot outside so let's print more money.

International trade remained a drag on the sector, however, as new export business decreased for the fifteenth successive month...

"Some caution is needed, as these improved survey numbers merely translate into very subdued growth in comparable official gauges of manufacturing production and factory payrolls..."

the problems in NATO are symptomatic of a broader collapse of the global institutional architecture in the face of populism.

"There is no demand in the economy, and that is the starting point of the crisis." 

"Sources with direct knowledge of the trade talks told the Global Times on Saturday that the U.S. must remove existing tariffs, not planned tariffs, as part of the deal."

Is the global economy recovering from its 2018 slump or is the dreaded double dip on deck?

We doubt it will come as a surprise that some of Europe's most fiscally challenged countries are also those that offer the longest retirement across the entire OECD universe.