“The FOMC meeting, the election in the U.K. and then later this week the December 15 deadline are all factors that I think the markets have generally not priced in any bad news.”
We're still three weeks away from flipping the calendar, let's begin to look forward to 2020 and attempt to decipher whether or not the precious metals can build upon their 2019 gains.
"FX swaps could end up as the orphaned asset class without an obvious backstop, and that may force banks in some parts of the world to the edge of the proverbial abyss."
Paul Volcker remains one of the most important Fed chairmen ever... he knew the dollar is ultimately backed by confidence, and he was determined to restore it...
With last year's Q4 surprise still fresh in their memories, bosses are waiting to dole out bonuses until the very last minute, wary of the possibility of history repeating itself...
Against expectations of a draw, API reported a surprise 1.41mm barrel crude build - the 11th build of the last 13 weeks...and product inventories also showed big builds.
"It's pretty interesting because the 20s in the 20th century, the 20s were super boom times. And weirdly, I think the 20s this time will be very much different than that, with real turmoil"
Roelof Botha, PayPal’s former finance chief, claims that Bank of America closed his account without giving him an explanation. Botha’s statement is driving conspiracies that his account may have been banned for trading bitcoin and cryptocurrencies.
The lawsuit alleged that Exxon Mobil was responsible for $1.6 billion in investor losses by lying to them about the impact of future climate change regulation on its business.
it’s clear that the story of high-grade debt next year will be told through deleveraging. Yields tumbled in 2019, which helped spur a great year for investors, and borrowing likely will remain relatively cheap in 2020.
