Hilarity in NIRP Zone: Italian 2-Year Yield Still Near 0%, as New Government Proposes Haircut for Creditors and Alternate Currency, Markets on “Knife Edge”

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The ECB’s Negative Interest Rate Policy has been the funniest monetary joke ever. The distortions in the European bond markets are actually quite hilarious, when you think about them, and it’s hard to keep a straight …

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American Prosperity Has Become American Poverty

By Bob Shanahan Image Source More than 40 percent of American households cannot afford rent, transportation, childcare, or a cellphone, according to a new study from the United Way Asset Limited, Income Constrained, Employed Project, obtained by Axios. U.S. households …

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Who Needs Enemies?

by Raúl Ilargi Meijer Vittorio Matteo Corcos Conversation in the Jardin du Luxembourg 1892  Obviously, there are tensions between Europe and the US. Just as obviously, these tensions are blamed on, who else, Donald Trump. European Council President Donald Tusk recently said: …

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If you bought SPY at the first second of regular trading hours every morning for the last 25 years, and sold each day just before close, you would be down 4.4%. Doing the reverse, you’d be up 571%.

by doublecastle https://www.nytimes.com/2018/02/02/your-money/stock-market-after-hours-trading.html Check out the graph about halfway down in that article. It’s revelatory. If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the market open the …

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The Microsoft cyber attack

A fascinating documentary exploring how the WannaCry exploit effected the EU, why Windows remains the dominant OS in European Governments, and the shady (slightly illegal) politics surrounding its use. What this documentary depicts is a high level of corruption within …

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