The Bank of England confirms that it has entered into discussion with Unite the Union, representing affected Bank staff, about a proposal to close its cash distribution centre in Leeds in February 2023.
While The Economy Collapsed In 2020, CEO Pay Surged
At the same time the corporate world was suffering from implementing new burdensome Covid restrictions, dealing with shutting down in-person office sites, and generally trying to quell the panic of a government induced recession brought on by its pandemic response, CEO pay was soaring.
During 2020, as millions lost their jobs,…
Hong Kong stocks tumbled, snapping a three-day advance, as a discounted stock placement by Anta Sports Products by a major shareholder and rising Covid-19 cases roiled regional markets.The Hang Seng Index lost 1.9 per cent to 28,589.12 as of 9.55 am local time, set for the biggest one-day pullback since March 20. The gauge had risen in the past three days to a four-week high. The Shanghai…
Investor Positioning Is Now At Record Highs
Earlier today we showed that hedge fund leverage - both gross and net - has hit record highs according to Goldman's Prime Brokerage.
It's not just hedge funds. As Deutsche Bank's Jim Reid writes in his "Chart of the day" note from this morning, with European equity markets seeing their worst day of the year yesterday and the US market…
The Price Of Plywood Is Absolutely Ridiculous; But It's Also A Sign Of The Times...
Authored by Michael Snyder via TheMostImportantNews.com,
Would you pay $100 for a sheet of plywood? I know that sounds absolutely crazy, but we are almost there. The price of plywood has been soaring into the stratosphere in recent weeks, and analysts are telling us that it will remain high for the…
From Marc to Market:Overview: Even as US yields edge higher, the dollar struggles. With the 10-year Treasury yields now at 1.62%, nine basis points above last week's lows, the greenback has turned mixed against the major currencies. After briefly slipping below JPY108, the dollar has recovered to around JPY108.55. The euro firmed to $1.2080, and sterling pushed through $1.40 before seeing the
Any new downturn will spawn unconventional responses, from helicopter money to ‘bail-ins’ and huge deficitsA cloud of gloom hovered over the International Monetary Fund’s annual meeting this month. With the global economy experiencing a synchronised slowdown, any number of tail risks could bring on an outright recession. Among other things, investors and economic policymakers must worry about a…
Mid-week market update: How should investors and traders react to the recent stock market weakness? The bears will argue that the S&P 500 spiked past a trend line resistance and fell back, which is an indication of bullish exhaustion. Moreover, the 5-day RSI recycled from an overbought condition to neutral, which is a tactical sell signal. The logical initial downside target is the 3840-3900…
Chris Hedges: The Unraveling Of The American Empire
Authored by Chris Hedges via ConsortiumNews.com,
America’s defeat in Afghanistan is one in a string of catastrophic military blunders that herald the death of the American empire. With the exception of the first Gulf War, fought largely by mechanized units in the open desert that did not — wisely — attempt to occupy Iraq, the…
"The house of pleasure has walls made of traditional stocks that hold up under scrutiny, but the house of pain has been falling apart," the "Mad Money" hosts said.
The Age Of Over-Abundant Elites
Authored by Mark Jeftovic via BombThrower.com,
I’ve been reading Peter Turchin’s “Ages of Discord”, which tries to look at patterns of societal strife that he found in previous, pre-industrial civilizations such as Rome and France, and examine how it holds up in a post-industrial era. It bears some resemblance to other cycle theories like Strauss and…
Risk is bouncing back with Wall Street leading the charge overnight for no tangible reason apart from sentiment and technical oversold reasons as market catalysts remain scarce. The latest UK CPI print underwhelmed with Pound Sterling falling slightly while other major currencies bounced back against USD. Bond markets remain range traded while the bigger moves
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