World's Top Economies Brace For $13 Trillion Debt Maturity Vortex
To kick off the New Year, the world’s largest economies face a massive global debt overhang due to the coronavirus-downturn; some $13 trillion in debt is coming due and will need to be refinanced in an ultra-low rate environment. Seven top economies plus several major emerging markets economies “face the heaviest bond maturities in at…
Schumer Says $2K Stimulus Checks Will Be Top Priority For New Congress
Update (1255ET): Schumer said on Wednesday that one of his first priorities would be to push through the $2K stimulus checks that both Nancy Pelosi and President Trump have said they would support (before the measure was scuttled by Mitch McConnell). passing legislation to provide $2K stimulus checks will be one of the first orders…
Top US Official Says 'Growing Body Of Evidence' Shows COVID-19 Leaked From Chinese Lab
The most ‘credible’ theory about the origin of COVID-19 is that it escaped from a Chinese laboratory, according to US National Security Adviser Matthew Pottinger, who made the comment during a Zoom meeting with UK officials. “There is a growing body of evidence that the lab is likely the most credible source of the virus,”…
US COVID Cases Top 20MM As California Deaths Hit New Record
Summary: US cases top 20MM California sees new death record Russia new cases topped 27K Portugal reports nearly 7K new cases * * * Several US states have been plagued by reporting delays over the holiday, but with California expanding lockdowns around the state, and more cases of B.1.1.7, the mutant strain first discovered in…
Iran Puts Maritime Forces On Higher Alert As Top General Warns 'Ready To Respond' To US Pressure
While populations across the globe rang in the new year and are now enjoying the holiday, wondering what 2021 will hold, tensions in the Persian Gulf between the US and Iran just grew hotter. CNN Pentagon correspondent Barbara Starr reports Iran’s forces in the Persian Gulf are now on high alert, possibly in preparation for some…
America's Top New Year's Resolutions For 2021
For many, 2020 has been ‘a year’, which makes getting a fresh start in 2021 feel very appealing. The turn of the calendar brings both the opportunity to reflect on the last 12 months and, as Statista’s Claire Jenik notes below, the chance to begin planning for the next dozen. For 2021, many Americans are…
Goldman's Top Charts Of 2020
In the year’s final report published by Goldman’s economists the bank has summarized key global themes that stood out this year and are likely to shape 2021 in a series of charts. First, here are some of Goldman’s key observations on the global economy: The global economy came to a sudden pandemic stop with a…
Morgan Stanley's Top 10 Surprises For 2021
While we all could use a year without surprises, it would be a surprise itself if we didn’t get any in 2021. As such, Morgan Stanley’s chief rates strategist Matthew Hornbach discusses 10 scenarios which “would surprise consensus and thus could move global macro markets in meaningful ways.” Below we summarize the 10 surprises and…
California Gov Warns LA Lockdown Likely To Be Extended; Spanish COVID Deaths Top 50K: Live Updates
Summary: California Gov extends LA lockdown Spain deaths top 50K WHO says UK study shows no differences in deaths between normal, mutant strain Finland latest to confirm presence of UK mutant strain Erdogan says will receive COVID vaccine Thurs Russia extends UK travel halt Global cases top 80MM US cases decline as states see holiday-related…
Top Retail Group Expects 150 Million Shoppers On "Super Saturday"
Retail stocks caught a slight bid premarket Friday following a report from the National Retail Federation (NRF) that said over 150 million American shoppers could buy holiday gifts in stores or online on the last Saturday before Christmas, otherwise known as “Super Saturday,” up by more than 2 million from last year, reported Reuters. “Consumers have…
“How To Make A Face Mask?” – 2020’s Top UK Google Searches
“How To Make A Face Mask?” – 2020’s Top UK Google Searches Tyler Durden Thu, 12/17/2020 – 02:45 Every year, Google reveals its biggest trending search queries over the previous twelve months. Looking at all searches in the UK compared to last year, ‘Coronavirus’ was of course the biggest trending search of 2020. But, as Statista’s Martin Armstrong shows…
US Household Wealth Hits All-Time High As “Top 1%” Have Never Been Richer While Poor Drown In Debt
The Fed’s latest Flow of Funds report released at noon today showed the latest snapshot of the US “household” sector as of Sept 30 2020. What it showed is that one quarter after the biggest surge in household net worth on record when US household net worth jumped by $7.6 trillion to $119.0 trillion (which…
Chinese Spy Links To CA Rep. Swalwell Exposed After Leaked Video Claims “Compromised People At Top Of US Power & Influence”
Shortly after John Ratcliffe, the director of national intelligence, revealed in an op-ed for The Wall Street Journal last week that Chinese agents have targeted U.S. lawmakers more than any other country, including Russia and Iran, in order to shape U.S. policy in favor of Beijing; Fox News’ Tucker Carlson exposed a leaked video deleted from…
China’s Top Chipmaker SMIC & Oil Giant CNOOC “Shocked” Over Trump Blacklisting
After on Thursday the Trump administration added China’s top chipmaker, SMIC, as well as oil giant CNOOC to its rapidly growing blacklist of Chinese companies with deep ties to the PLA military (which is now being added to on a weekly bases), Beijing has blasted this and other proposed moves on the table like delisting Chinese companies from US…
WHO Again Revises Mask Guidelines; Poland 14th Country To Top 1 Million Confirmed COVID Cases: Live Updates
Summary: US hospitalizations hit yet another record American cases bounce back after holiday week downtick Russia promises vaccinations will start next week WHO again revises mask guidelines Italy imposes holiday guidelines Poland latest country to top 1 million confirmed cases Italy imposes new restrictions * * * Hospitals across the US, especially in hard-hit parts…
Top 20% Gets 6x More Benefits from Student Debt Cancellation than Bottom 20%, New Study Finds
By Brad Polumbo From Sen. Elizabeth Warren to Rep. Alexandria Ocasio-Cortez, some of the most prominent progressive politicians in the country are pushing hard for widespread student debt cancellation. So, it’s fascinating to see a new study show that forcing taxpayers to pay down the roughly $1.5 trillion in government-held student debt is not a…
Italy’s COVID-19 Deaths Top 50k; Regeneron To Deliver 300k Antibody Doses By January: Live Updates
Summary: Italy sees virus deaths top 50k Regeneron to provide 300k doses to US by early Jan Oxfam praises AstraZeneca vaccine BoJo unveils plan to lift 2nd UK lockdown US’s Midwest remains worst-hit region Millions of Americans ignore travel advisory Germany’s Merkel says vaccines must be provided to the poor Germany to extend covid restrictions…
Top Pathologist Claims COVID-19 Is “The Greatest Hoax Ever Perpetrated On An Unsuspecting Public”
Authored by Paul Joseph Watson via Summit News, Top pathologist Dr. Roger Hodkinson told government officials in Alberta during a zoom conference call that the current coronavirus crisis is “the greatest hoax ever perpetrated on an unsuspecting public.” Hodkinson’s comments were made during a discussion involving the Community and Public Services Committee and the clip…