The Governing Council of the European Central Bank (ECB) today adopted an opinion on a recommendation from the Council of the European Union on the appointment of a member of the ECB’s Executive Board.
Many commentators have expressed concern that while organisations are legally required to close (for example, being in a tier three area) will benefit from the support of the expanded Job Support Scheme (JSS), in other areas, particularly those with tier two restrictions, organisations are suffering significantly from reduced footfall. The limited support in the original […] The post Kate Bell…
'You're Gonna Bury All Of Us': Whistleblower Describes Brazen Biden-China Dealings In Explosive Interview With Tucker Carlson Tyler Durden Tue, 10/27/2020 - 21:29 Former Biden insider Tony Bobulinski - a registered Democrat who's donated to Democrats - just gave a smoking gun interview to Fox News' Tucker Carlson on Tuesday, where he described his dealings with the Biden family in…
Roy Morgan Research has put together a useful chart pack, compiled from its surveys, tracking the change in the Australian economy since the beginning of the COVID-19 pandemic in March: Full report here. The post COVID-19 in Australia: The economic story so far appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Donald Trump’s repeated efforts to cast doubt on the legitimacy of the upcoming election has further intensified the polarization that has increasingly defined American politics in recent years. Now, many fear a drawn-out dispute over the results.
China's Top Leaders Meets To Set Policy Direction For The Next 5 Years Tyler Durden Mon, 10/26/2020 - 23:45 Today China's top leaders represented by the Chinese Communist Party’s Central Committee started the Fifth Plenum of its 19th Party Congress where they will chart the course for the economy’s development for the next 15 years and set the country’s long-term priorities, with are expected…
A convergence of concerns related to stimulus, elections, COVID-19 and earnings (courtesy of a big SAP earnings miss) caused the VIX to jump 17.8% today. How much of that was related to the election? Well…the 9-day VIX9D spiked 47.8% today, now that the election is within the 9-day measurement window for the first time. The bottom line is that election uncertainty and…
'Renminbi Diplomacy': How China Bought The US Government? Tyler Durden Sun, 10/25/2020 - 23:30 Submitted by Nauman Sadiq, In an explosive scoop, alternative news outlet Zero Hedge has laid bare how China’s state apparatchik clandestinely baited the family members of the Obama-era vice president and secretary of state into joint business ventures in order to surreptitiously influence the…
Tuesday:• At 8:30 AM ET, Durable Goods Orders for September from the Census Bureau. The consensus is for a 0.5% increase in durable goods orders.• At 9:00 AM, S&P/Case-Shiller House Price Index for August. The consensus is for the Composite 20 index to be up 4.2% year-over-year.• Also at 9:00 AM, FHFA House Price Index for August. This was originally a GSE only repeat sales, however…
We are better prepared for the next financial crisis but regulators are still slow to adapt to the changing public mood. What do people mean when they criticise generals for “fighting the last war”? It’s not that generals ever think they will face the same weapon systems and the same battlefields. They certainly know better. The error, to the extent that the generals make it, must operate at a…
A two-week period is about to begin that could usher in a new phase for the global capital markets. Most of the major central banks hold policy meetings, and the US and Europe report the preliminary estimates of Q3 GDP. The US holds its national elections. A clearer sense of UK-EU trade talks ahead of the mid-November summit is likely. China holds a plenary session for the…
The short-term economic outlook remains worrying worldwide, particularly for borrowers at the lower end of the credit scale or in the industries hit hardest by COVID-19 restrictions. But a large-scale debt crisis may not be nearly as likely as many fear.
The Dollar Index is a popular way to think about and trade "the dollar." However, it has become less relevant as a reflection of the dollar's performance or representative of trade, capital flows, market capitalization. Economists often use a trade-weighted basket, and the Federal Reserve's real broad trade-weighted index is an input in official and private-sector forecasts. …
While hoping for a conclusive outcome on November 3 (or immediately thereafter), market watchers unfortunately must prepare for the worst. After all, US President Donald Trump and the Republicans are not even hiding their plans to steal the election.
The pandemic has revealed inefficiencies and inequities in government policies aimed at achieving robust and long-lasting improvements in nutrition. African leaders must fight the pandemic in the framework of a longer-term strategy to end malnutrition and boost the continent’s collective problem-solving capacity.
It's Coming... A Huge Bond Buying Opportunity
Tyler Durden
Tue, 10/27/2020 - 08:25
Authored by Lance Roberts via RealInvestmentAdvice.com,
Here we go again. After plunging to new lows, the calls for the end of the “bond bull” market mount each time rates rise. Is this time the end of the “bond bull?” Or, is there another huge bond-buying opportunity to come?
We recently…
The US is now averaging close to 1 million tests per day. Based on the experience of other countries, the percent positive needs to be well under 5% to really push down new infections (probably close to 1%), so the US still needs to increase the number of tests per day significantly (or take actions to push down the number of new infections).There were 875,738 test results reported over the…