Global

Global Markets, S&P Futures Flat With US Markets Closed For MLK Holiday

US cash markets may be closed for Monday’s MLK holiday, but US equity futures are humming and at last check they were unchanged from Friday’s close at 3, 762 after earlier dropping as much as 20 points. “Markets needed a breather or even a pull back to justify reflationary expectations,” said Ben Emons, managing director of…

ECB's Lagarde Calls For Global Regulation Of "Reprehensible" Bitcoin

Authored by Paul Joseph Watson via Summit News, President of the European Central Bank Christine Lagarde has called for global regulations on Bitcoin, labeling the cryptocurrency “reprehensible.” Lagarde made the comments during a Reuters Next conference earlier today, during which she asserted that Bitcoin was not a currency. “When you look at the most recent…

Toyota Halts Production In China Due To Global Semiconductor Shortage

An ongoing global chip shortage has finally started to wreak havoc with the auto industry, which has become far more reliant on semiconductors due to “smart cars”, than it ever has been. On Tuesday, it was reported that Toyota has stopped its factory lines in Guangzhou, China as a result of lack of semiconductors. This comes…

Ex-Bridgewater Analyst: Yes, Bitcoin Is A Giant Bubble… But The Global Fiat System Is An Even Bigger Bubble

Submitted by Howard Wang, co-founder of Convoy Investments, formerly of Bridgewater In December 2017 I wrote a paper titled “What causes asset bubbles” featuring the chart below. A few days later, Bitcoin prices peaked and fell 85% within a year. It seems Bitcoin is back. I believe we are in the midst of another bubble,…

Connecticut Surpasses New York In COVID Vaccinations; Israel Remains Global Leader

Connecticut Gov Ned Lamont is showing Gov Andrew Cuomo the error of his attention-seeking ways. While Lamont has been more than comfortable playing a supporting role in the alliance of northeastern governors led by Cuomo, Bloomberg pointed out in a recent piece that tiny Connecticut had surpassed the neighboring Empire State by taking a different,…

How One Bad Oil Bet Sparked A Global Trading Disaster

Authored by Haley Zaremba via OilPrice.com, By now we are all keenly aware of the near-devastating impact that the novel coronavirus has had on oil markets and the fossil fuel industry around the world. (If this is news to you, what rock do you live under and is there room for one more?) But while…

Saudi Court Slams Jail Term to Iconic Female Activist Despite Global Criticism

By Dahlia Kholaif Prominent Saudi human rights defender Loujain al-Hathloul, whose detention since 2018 had stoked global criticism, was sentenced to nearly six years in prison on December 28 by the kingdom’s notorious terrorism court in an alarming development to her years-long fight for freedom. According to her sister, Lina, Loujain should be released by…

Only One Number Mattered To Global Markets In 2020

Authored by Robert Burgess, op-ed via BloombergQuint.com, When it came to financial markets in 2020, the most frequently asked question was why. Why, in the midst of a global pandemic that has killed some 1.7 million people worldwide and plunged the economy into the worst crisis since the Great Depression, did equity markets stage a historic rebound to reach…

Global Outrage Follows Trump Pardons Of Blackwater Mercenaries Who Killed 17 Iraqis

Authored by Brett Wilkins via via CommonDreams.org, A senior United Nations human rights official on Wednesday added her voice to the chorus of condemnation of President Donald Trump’s pardons for four U.S. mercenaries convicted of massacring 17 Iraqi civilians in 2007.  Marta Hurtado, a spokesperson for the U.N. Office of the High Commissioner for Human Rights (OHCHR), said…

Only 15% Of All Global Bonds Have A Yield Above 2%, And Only 10% Above 3%

As Deutsche Bank’s Jim Reid writes in the last edition of his Chart of the Day for 2020, one of the big market themes of 2020 has been the relentless march lower in yields. As shown in the chart below, “it’s not so much the increase in negative yields but the collapse in global bonds…

Global Event: Shining a Light on 5G During the Winter Solstice

By B.N. Frank Since 2017, doctors and scientists have asked for 5G moratoriums on Earth and in space (see 1, 2).  Cities AND entire countries have taken action to ban, delay, halt, and limit 5G installation AS WELL AS issue moratoriums on deployment due to biological, environmental, and safety risks. Despite increasing warnings and opposition,…

A Global Look At How People Spend Their Time (Spoiler Alert: Sleeping Mostly!)

We all have the same 24 hours in a day, but, as Visual Capitalist’s Iman Ghosh details below, we don’t spend them the same way. Some prioritize family time or household chores, while others cherish a good night’s sleep or seeing friends. This chart from Our World in Data compares the average time allocated across various day-to-day…

Global Semiconductor Shortage Sparks Fear Of Production Delays For Smart Devices 

Reuters reports a global chip shortage is developing. Manufactures of automobiles and electronic devices are “sounding the alarm” about the shortages, which has triggered production delays.  Industry insiders say the shortage has a couple of causes, including US sanctions on Huawei Technologies, plant fire in Japan, supply chain disruptions in Southeast Asia following coronavirus lockdowns,…

Global Stocks Hit All Time High On Stimulus Optimism Ahead Of Fed Meeting

Another overnight session, and – predictably – futures are higher in keeping with the most glaringly obvious market trend since 2016 of stocks surging during overnight US trading (while trading flat in regular trading hours)… … alongside world stocks which rose to a fresh record high on Wednesday ahead of today’s Fed meeting – the…

Negative-Yielding Debt Exceeds $18 Trillion As Global Market Cap Hits $100 Trillion

Submitted by Christophe Barraud The pool of negative-yielding debt across the world exceeded $18 trillion for the first time in history, according to Bloomberg data. The move came after the ECB announced it will expand its massive monetary stimulus program by another €500 billion and will extend emergency bond purchases for nine months. In a context…

China’s Global Power Tops The US? New Measures Say No!

Authored by Hal Brands, op-ed via Bloomberg.com, GDP and military spending matter, but so do networks of allies and “resilience”… Ever since the U.S. reached the pinnacle of global power after World War II, Americans have worried it wouldn’t remain there. Waves of “declinism” rolled across the country after Sputnik in the late 1950s, the…

Aussie Media Claims Massive Leak Of CCP Members “Lifts The Lid” On Global Surveillance State

Just days after leaked video from China exposed details of China having “people at the top of America’s core inner circle of power and influence,” which was followed by Eric Swalwell’s ‘fang-banger-gate’ debacle, Sky News Australia reports that a major leak containing a register with the details of nearly two million CCP members has occurred…

The ‘Hannibal Trap’ Will Crush Global Wealth

Authored by Egon von Greyerz via GoldSwitzerland.com, Is the global investment world about to be caught in the Hannibal trap? Hannibal was considered as one of the greatest military tacticians and generals in history. He was a master of strategy and regularly led his enemies into excruciating defeats. The trap that investors are now being…

2020 Is Ending With 93% Of Global Economies Contracting … With Markets At All Time Highs

By Tyler Durden As BofA’s European credit strategist, Barnaby Martin, puts it in one of the final issues of his European Credit Strategist report for the year, “2020 is ending with one of the most predictable and potent themes of the last decade: central bank activism.” Case in point: on Thursday the ECB doubled down…

2020 Is Ending With 93% Of Global Economies Contracting… And With Markets At All Time Highs

As BofA’s European credit strategist, Barnaby Martin, puts it in one of the final issues of his European Credit Strategist report for the year, “2020 is ending with one of the most predictable and potent themes of the last decade: central bank activism.” Case in point: on Thursday the ECB doubled down on more of…