Business

Among the fixed income community, this week's most important number, more so than the pre-telegraphed 25 bps increase in the Fed's interest rate, was the weekly report of capital flows in and out of bond funds by Lipper/EPFR, which came out moments ago and which following last week's junk bond fund fireworks involving Third Avenue and several other gating or liquidating funds, was expected to be a doozy.

By Jeff Desjardins of Visual Capitalist and the Money Project

How much money exists in the world?

Strangely enough, there are multiple answers to this question, and the amount of money that exists changes depending on how we define it. The more abstract definition of money we use, the higher the number is.

Submitted by Pater Tenebrarum via Acting-Man.com,

Wrong Assumptions

Having been unable - or unwilling - to answer various reporters' questions with regard the 'odd' timing of The Fed's rate hike yesterday, we thought we would offer just one more chart to question the credibility of the central planners. Plucked from The Fed's own research, last week saw the largest surge in St.Louis Fed's Financial Stress Index (FSI) since August... and as Yellen proclaimed "all clear" the FSI was screaming "Danger" even louder than it did in September - when The Fed folded.

From the time Turkey ambushed and downed a Russian Su-24 near the Syrian border late last month, the world has developed a fascination with Islamic State’s illicit and highly lucrative oil smuggling business.