...the wide-ranging potential of stablecoins to underpin a more “sustainable, inclusive, and resilient global system” across trade and investment, banking and payments.
Futures were caught in the narrow range in which they traded for much of Thanksgiving Day holiday amid a lack of both trade deal optimism but more importantly, a lack of an actual retaliatory act from China
"While we don't see a further sharp decline in global manufacturing in 2020, the auto outlook is pointing to stabilization at best rather than any sharp rebound."
Do not mistake a rising stock market as an indicator that economy is healthy. Right now the largest component of economic activity at 70% of GDP is terminally ill financially...
If one looks at true corporate profits stripped of all adjustments, revisions and addbacks, a very ugly picture emerges: one where US corporate profitability is the worst since the financial crisis.
Why stop there? Just give the ECB responsibility for determining which companies have done enough in terms of gender and transgender diversity, social inclusiveness, and which support the European dream most enthusiastically…"
