For anyone still seeking definitive confirmation that the Treasury's "Currency Manipulator" designation is nothing more than a political tool, here it is.
While there is a lot of economic, corporate and political events, the main highlights for the week ahead will be the signing of the Phase One trade deal between the US and China.
The worship of mortals as demi-gods and faith in Golden Idols triggers a turn in the karmic wheel as near-infinite hubris invites divine retribution...
During 2019, the net income concentration for the 1 percenters didn’t keep pace with their market cap concentration, similar to what happened during the 1999 concentration peak.
...there is one overarching message... Central banks are more than prepared for the digital revolution, primarily because they are the leading architects behind its inception...
"If this starts to have the feel of a classic credit cycle, then the level of damage when the cycle turns is hard to predict." - Jerome Powell, April 2014.
"The layoffs announced today [Friday] at Spirit AeroSystems have dealt a harsh blow not only to the company but also to Spirit suppliers and subcontractors."
With the S&P 500 making record highs and the most overvalued in history, Goldman considers four macro risks to its 2020 outlook and their investment implications...
