Risk

Loonie Surges After Hawkish Bank Of Canada Sees Faster Recovery, Warns Of Upside Inflation Risk

As expected, the Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank also kept its guidance and QE program unchanged at its current pace of at least $4 billion…

Saxo's Chart Of The Week: ECB Systemic Risk Indicator

By Christopher Dembik, head of macro analysis at Saxo Bank This is certainly the most important chart ahead of Thursday’s ECB meeting. Initially developed by Hollo, Kremer and Lo Duca in 2012 in the midst of the euro area sovereign debt crisis, the ECB systemic risk indicator is based on fifteen financial stress measures and…

1000s Face Planned Power-Cuts As SoCal Winds Spark Critical Fire Risk

The most vulnerable months for wildfires in California run from July to October. After a record-breaking fire season last year, it appears the fire risk for Southern California is elevated this week.  Bloomberg calls the move by Southern California utility companies to cut power to more than 280,000 homes and businesses to prevent wildfires this week as “unprecedented.”  Edison International’s Southern…

Assange Denied Bail By UK Judge Over Flight Risk

By Tyler Durden WikiLeaks’ Julian Assange has been denied bail by the London court which two days ago blocked the US extradition request. The UK judge rejected the bail request on fears that he’s a flight risk, even though he’s not facing criminal charges in the UK. “I am satisfied that there are substantial grounds…

The EU Is At Risk Of Becoming Subservient To China

Authored by Bruce Wilds via Advancing Time blog, The EU is taking the path of strengthening its ties to China in the hope it will spark an economic renaissance. The Euro-Zone was already in deep trouble before CoVid-19 hit. Argue as you may but the bout of economic weakness that started in 2017 never ended. The…

"I'm Choosing The Risk Of Getting COVID": Over Half Of Health Care Workers At California Hospitals Refuse Vaccinations

California’s health workers are refusing to take the new COVID-19 vaccines – with over half of frontline workers at one hospital unwilling to take it, and between 20% and 50% of workers at other facilities who feel the same, according to the Los Angeles Times. New York nurse Sandra Lindsay becomes the first person in…

Is Your New TCL HDTV (Made In China) A Security Risk?

Authored by Stephen Silver via 19fortyfive.com, There’s been a huge amount of concern this year about the security implications of technology that originates in China or is owned by Chinese companies. That was, after all, at the heart of the fight by the Trump Administration to ban the popular social networking app TikTok, or at least to force a…

Lithium Battery Recall: LG Energy Solution Michigan Recalls Home Energy Storage Batteries Due to Overheating, Harmful Smoke, and Fire Risk

By B.N. Frank Lithium mining has come under scrutiny due grave ecological and economic problems associated with the practice.  Lithium battery fires have been an issue too and another recall was announced earlier this week. From the U.S. Consumer Product Safety Commission: Name of product:LG Chem “RESU 10H” Lithium-Ion Residential Energy Storage System Hazard:The home…

Another Study Says Kids’ Vision At Risk from Smartphone Use

By B.N. Frank Research had already indicated that Blue Light exposure from various sources – including smartphones – is harmful (see 1, 2).  In fact, smartphone use has even been linked to temporary and permanent blindness.  Electronics and screens have also been blamed on an increase in nearsightedness among teens. Research has also determined that…

Mapped: The Risk Of Eviction And Foreclosure In U.S. States

By Tyler Durden Alongside potential obstacles such as job loss, financial insecurity, and a subsequent inability to cover many upcoming bills, Visual Capitalist’s Avery Koop notes that many Americans are now facing potential home loss as well. According to a recent survey by the U.S. Census Bureau, of the estimated 17 million adults who are…

Aviation Safety Experts Warn 5G Spectrum Expansion Will Significantly Increase Risk for Plane and Helicopter Crashes

By B.N. Frank American opposition to 5G deployment continues to increase for a variety of reasons in addition to health and environmental risks (see 1, 2, 3, 4, 5, 6, 7). Federal agencies and credible experts have warned that it threatens jobs, national security, public safety, and weather forecasting accuracy (see 1, 2). Apparently, aviation…

Market Risk Elevated Heading Into Distribution Season

Authored by Lance Roberts via RealInvestmentAdvice.com, Despite three consecutive Monday announcements of “potential vaccines,” an agreement by President Trump to allow the “Biden Transition” to begin, and a holiday-shortened trading week that left the “inmates in charge of the asylum,” the market hasn’t done much with it. As of Friday, the market is only about 1.62% higher than it was three…

14 Million People Will Lose Their Unemployment Benefits, 30 Million At Risk Of Eviction On January 1

By Tyler Durden While markets remain on edge over the sudden tension between the Treasury and the Fed, following Mnuchin’s surprise notice to Powell that the Treasury would let 8 of the key 13(3) “emergency” programs currently in place (including the critical for the bond market Corporate Credit facilities, PMCCF and SMCCF) at the Fed…

159,000 Teslas At Risk Of Infotainment System And Cameras Dying Due To Worn Out Memory Chips

While Tesla is sorting out a litany of problems, not the least of which is Consumer Reports slamming their vehicle’s reliability and a Chinese recall over Model S and Model X suspensions, while at the same time trying to figure out how to come up with another “profitable” quarter, the quality control issues keep stacking…

Risk Exceeds Reward – Why We Took Profits

Authored by Lance Roberts via RealInvestmentAdvice.com, Market Struggles With All-Time Highs Last week, I started “Market Breaks Out” with the following paragraph. “If you like volatility, then this past week was for you. On Monday, the announcement by Pfizer sent markets screaming higher. Subsequently, the market faded into the end of the day. Since the highs of September, the market…

“Great Reset” Mastermind Suggests Risk Assessment “Brain Scans” Before Allowing Travel

Authored by Paul Joseph Watson via Summit News, “Great Reset” mastermind Klaus Schwab suggests a number of draconian measures for controlling the population under the umbrella of the ‘4th Industrial Revolution’, including risk-assessment brain scans to cross borders and implantable chips to read people’s thoughts. World Economic Forum founder Schwab has repeatedly emphasized how technocrats…

Nine Million Jobs At Risk Amid US Travel And Tourism Bust

By Tyler Durden No other US industry has been more severely impacted by the virus pandemic than travel and tourism. The World Travel & Tourism Council (WTTC) published a report this week, protecting a “staggering 9.2 million jobs could be lost in the US Travel & Tourism sector in 2020 if barriers to global travel remain…

Research: Cell Phone Use of Approximately 17 Minutes Per Day for 10 years Increases Tumor Risk

By B.N. Frank Warnings from medical experts and researchers about exposure to cell phone and wireless radiation are NOT new. For many years American Academy of Pediatrics and other medical experts have warned that children are more vulnerable to exposure. In 2011, the World Health Organization classified cell phone radiation as a Possible Carcinogen. More…