“Cliff Edge” Brexit Threatens $34 Trillion of Derivative Contracts: UK Regulator

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A high-risk blinking contest no one wants to lose. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. A messy, no-deal Brexit could throw 48 million insurance contracts and £26 trillion ($34 trillion) of derivatives deals into confusion. Nausicaa Delfas, head of international strategy at the Financial Conduct Authority (FCA), told delegates at a CityUK and Bloomberg event … Read more

FASTER, PLEASE: Trump Signs Bills To Build Vital Rural Hydroelectric Dams.

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via dailycaller: President Donald Trump signed bills Monday extending the amount of time before construction must start on five hydroelectric dams across five states. The bills cover dams located in Delaware, Maryland, North Carolina, Virginia and West Virginia. Each piece of legislation gives the Federal Energy Regulation Commission (FERC) the authority to extend the deadline for construction … Read more

Feds: Backyard flocks sicken people in 44 states

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  via CSB news: Live poultry in backyard flocks are linked to several multistate outbreaks of salmonella infections that have now sickened 212 people in 44 states, federal health officials warned Monday. The most recent illnesses began on June 21, with 88 of the cases reported in the last month, the Centers for Disease Control … Read more

Beating Soros at his own game: Ex-Trump adviser to promote ‘right-wing revolution’ with foundation

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https://www.youtube.com/watch?v=vChhsFOGshA President Trump’s former adviser Steve Bannon has announced plans to spark a right-wing revolution in Europe. He wants to create a new foundation, promoting the ideology. Bannon says he aims to rival the impact of Open Society Foundations, set up by liberal billionare George Soros.

Trump Is De-Globalizing

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by SP Peter Koenig at The Saker Blog looks at the wreck that Trump is making of the global commerce status quo.  Where as we assumed he was more of a bull in the china shop, perhaps it is something very different. I think that this is BIG. The globalization effort of the last several decades most benefited the owner … Read more

P2P/Consumer lending market in China

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by ForwardInstance Has someone done good research around P2P/Consumer lending companies in China. I have done some preliminary research and below are my observations – Observations – P2P lending market is expected to grow at a CAGR of 35% to around $1 tn Top players listed in the US are Yirendai (YRD), Hexindai (HX), Qudian (QD), … Read more

ECB Bond-Buying Creates Zombie Companies, Possible Successor to Dimon Warns

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Even JP Morgan is getting worried about the actions of the ECB, what are your thoughts about this? via Bloomberg: The European Central Bank’s bond-buying program has created a “dangerous” environment for investors by masking risks in the market for corporate debt, according to Mary Callahan Erdoes, the head of JPMorgan Chase & Co.’s asset and … Read more

China’s total credit market debt rose from $7T to $35T (~500%) in the last 9 years. Yet, despite it all, GDP and monetary velocity continue to decline

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COPPER: down -17.5% in 2018, the Chinese have not been able to centrally plan this market price higher = Bearish TREND @Hedgeye #reiterated China Not Messing Around: Serious QE Means Serious Currency Devaluation “They. Drew. First. Blood.” So said John Rambo, and a similar sentiment may well be echoing through the halls of Party central … Read more

Is GE a Falling Knife?

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by dvdmovie1 There’s value and there’s value trap. “It seems that GE is facing administrative issues on their end and each headline just keeps causing the stock to drop.” GE had nearly 17 years of awful management and rot set in. Their choice of “clean up person” after Immelt’s nearly two decades of awful was an … Read more

After ‘Volmageddon’, Blueprint for Major Market Meltdown Is Set

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Goldman Warns of Liquidity-Fueled Sell-off After ‘Volmageddon’ Remember humans? Back when those glitchy, overemotional, unreliable windbags served as market makers, they could make human decisions in real time, stepping into a drastically oversold market, on their own, to buy cheap shares. When liquidity is driven by machines that take all of their cues from what … Read more