by Brian Maher of Daily Reckoning The Dow Jones was up nearly 400 points today, led by blue chips Walmart and Boeing. Walmart soared after posting its best sales in over a decade. Boeing jumped on hopeful reports that U.S.-Chinese trade …
by Lynette Zang of ITM Trading Turkey boasts the fourteenth largest economy and they’ve had easy access to global debt markets. If that debt were issued in terms of lira, no problem, it could be paid off with cheaper lira. Unfortunately, roughly $450bn …
via Kevin Muir Wild day in the markets. Emerging markets are getting crushed like a 1980s teenage nerd asking the head cheerleader to prom. As I write this, the EEM ETF is down roughly 3% on the day, and down more …
TradersChoice.net, Released on 8/10/18 OOOOOOOOOOOOMMMMMMMMMMMMMMMMMGGGGGGGGGGGGGGG. Why remembers this? “Collateralized Debt Obligations – CDO’s?” Well guess what…they still exist as well and have gotten MULTIPLES LARGER than which existed in 2007-8. NOTHING was ever “fixed.” It is all a time bomb …
via iforex.in: It’s been several years since the markets started using the word contagion. During the European debt crisis, this word was used constantly as traders worried that issues with Greece and Spain and Portugal would spread across Europe. Today, the …
Turkish lira in free-fall, down 18% in two days. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. On Friday, the Turkish Lira plunged 15% against the US dollar. Over the past two days, it has plunged 18%. Over the …
by goldcore – Italy is EU’s ticking timebomb as debt nears €2.4 trillion – Italy’s GDP is just €1.85 trillion; National debt is 132% of economy – Italy is politically dysfunctional at best of times; Now has populist left / right wing …
Worth noting that a similar, albeit smaller, divergence was evident in early 2016, and it got resolved away. Now we get to see whether this one can. Even though ECB QE still continues, the repatriation of US corp. money in …
Chart of the Day: End Of The Liquidity Supernova An Unexpected Warning From Goldman Sachs: “Something Is Not Quite Right” via Zerohedge: We saw all of the above elements briefly come together when on February 5 the market finally did …
by Jim Rickards via Daily Reckoning The coming credit crisis in China is no secret. China has $1 trillion or more in bad debts waiting to explode. These bad debts permeate the economy. Some are incurred by Chinese provincial authorities trying to get …
An exchange-traded security which is supposed to be a bet on calm markets was collapsing after hours. The VelocityShares Daily Inverse VIX Short-Term exchange-traded note (XIV) is down more than 80 percent in extended trading Monday. The security, issued by Credit Suisse, …
by Anthony B Sanders Deutsche Bank AG strategist Binky Chadha (a disturbing name since my Basset Hound’s name was Binky) thinks that Contagion Risk (correlation among asset classes) is bad news. (Bloomberg) The concerted selloff that landed on stocks and …
