The global selloff that started on Monday, resulting in the biggest drop in US stocks since September, accelerated overnight and this morning world stocks and US equity futures are a sea of red, even as the US dollar has resumed its drop.
The recent frantic moves in Treasurys and the dollar continued on Monday, and while the dollar collapse seems to have slowed for now, this is as a result of an acceleration in the Treasury selloff, with 10Y yields blowing out.
A stunning - if accurate - report leaked Sunday night via Axios suggests that White House national security officials are considering an unprecedented federal takeover of the 5G portion of the nation’s mobile spectrum to defend against potential attacks from China.
Following the biggest cybertheft in history - $534 million from Japan's Coincheck - cryptocurrencies are soaring back higher after the exchange confirmed that it will issue full refunds to all of the 260,000 of its users who have become victims of the Friday NEM hack.
"...the threats posed by Facebook and Google could ultimately spawn a web of totalitarian control if they are not reined in...far-reaching adverse consequences on the functioning of democracy could result..."
On Saturday Saudi Arabia finally released Prince Alwaleed, more than two months after he was detained in what was described to be a "widespread crackdown on corruption" in the kingdom but was really just a shakedown of some of the country's richest royals
"We’re taught that we need top-down, centralized systems in which we trust technocrats, “experts” and politicians to do the right thing, but this path leads to ruin and tyranny. We need to discard that way of thinking forever. Technology isn’t good or evil, it just is."
A controversial Republican memo alleging surveillance abuse specifically names FBI Deputy Director Andrew McCabe and Deputy Attorney General Rod Rosenstein along with former FBI Director James Comey.
...a statement provided by Twitter's head of public policy to the UK Parliament says there's little evidence linking pro-Brexit Twitter bots to Russia...
Te Department of Justice is as we speak in the process of successfully recovering many of those text messages in that five month period of time from the Trump-hating FBI officials Peter Strzok and Lisa Page.
"China is the most fragile large region in the world at the moment...And if China were to run into its own kind of financial crisis it would probably produce a growth crisis which could produce a political crisis."
