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Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade
The Russian central bank opened its first overseas office in
Beijing on March 14, marking a step forward in forging a Beijing-Moscow
alliance to bypass the US dollar in the global monetary system, and to
phase-in a gold-backed standard of trade.
While a rising stock to bond ratio isn’t all that surprising, especially in a bull market, only in 1999 did stocks outperform bonds by a wider wide margin over a two quarter period.
A growing number of snowflake millennials are saying they can no longer stand to live in the preeminent American 'safe space' of San Francisco because the "rent is too damn high", the traffic is too damn congested and, well, President Trump.
"I don’t regret anything, because there is nothing you can do about it. You know if you issue hundreds of tweets, and every once in a while you have a clinker, that’s not so bad."
The ink has yet to dry on Theresa May's Article 50 signature
from last week which officially started the UK's 2-year long divorce
from the EU, and already Europe has been traumatized by comments from
former Conservative leader Michael Howard, who suggested that Theresa
May is be prepared to go to war to protect Gibraltar.
"London is more Islamic than many Muslim countries put together", according to Maulana Syed Raza Rizvi,. No, Rizvi is not a right-wing extremist; he is one of the Islamic preachers who now lead "Londonistan", as the journalist Melanie Phillips has called the English capital.
"Tthe existing local stability is likely to be more problematic
due to its self-reinforcement – the longer it persists, the higher the
risks will become. The one-sided positioning that accumulated since
the election now threatens to evolve into a latent condition that mkes
markets vulnerable to event shocks. We believe that despite considerable local stability, the market is vulnerable to a risk off trade."
"Well if China is not going to solve North Korea, we will. That is all I am telling you. China
has great influence over North Korea. And China will either decide to
help us with North Korea, or they won’t." Trump told the FT. "If they
do, that will be very good for China, and if they don’t, it won’t be
good for anyone."
This is how US media operate: Staunch skepticism is reserved for reports on the crimes of the US and its allies, whereas rumors and myths are reported as facts when they shine negatively on enemy governments.
After a virtual rollercoaster over the last few weeks, Bitcoin is back above $1100 today as traders anticipate demand with Japan recognizing bitcoin as a legal method of payment starting yesterday.
Gathering bullishness is great for stocks and the prospects for
a rally. Once that bullishness hits an extreme, however. the prospects
change. Based on the UM Survey Of Consumers, sentiment towards stocks has reached an extreme. And based on that alone, expectations for the next 12 months should be tempered.
China’s ambassador to Canada, Lu Shaye, told the Globe and Mail that Beijing is seeking full access to Canada’s economy ahead of free trade talks, a move that could result in Chinese state-owned companies bringing their own employees to work on projects in Canada
Rear Adm. Tim Szymanski, the commander of all Navy special operations units, has his eye on a number of technologies, including pharmaceutical aids. But the results of one breakthrough involving the direct application of electrical stimulation to the brain have particularly caught his eye...
For a while there it looked like the US and its main trading partners had finally achieved escape velocity. Growth was up, inflation was poking through the Fed’s 2% target, and most measures of consumer sentiment were bordering on euphoric. Then it all started to evaporate...
The Trump administration has stopped disclosing material
information about the size and nature of the U.S. commitment to
military action in Iraq and Syria, including the number of U.S. troops
deployed in either country, in a bid to "surprise" the Islamic State
with the number of US troops in the region.
"Bear markets end when every piece of news is seen as an excuse to sell. And bull markets peak when the opposite is true." Somewhere in the clouds Nasdaq futures were breaching all-time highs, defying the latest Twitter tempest.
In February, the industry in the US shelled out on average $3,587 per vehicle in incentive spending, per TrueCar. The Last time automakers tried this was in 2009!
"My base case is always been that you don't get to the
Armageddon scenario with weak data. You actually get to the Armageddon
scenario when you actually get strong data. The end game for
markets, the most dangerous toxic scenario for markets comes when you've
got vastly inflated prices and central banks actually need to hike. "
Connecticut could become the first US state to allow police to
use drones equipped with deadly weapons if a bill opposed by civil
libertarians becomes law. The bill, approved overwhelmingly by the
state legislature's judiciary committee on Wednesday, would ban
so-called weaponized drones in the state but exempts police and other
agencies involved in law enforcement.
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