Presenting Saxo Bank's 10 "Outrageous Predictions" For 2016

On Tuesday, we brought you Bloomberg’s top 10 “worst case scenarios” for 2016. The list, compiled by polling "dozens of former and current diplomats, geopolitical strategists, security consultants, and economists" included everything from devastating cyber attacks by Iranian and Russian hackers to a military coup in China. 

They even threw in a Trump victory in the national elections for good measure.

SEC Throws Up On Third Avenue's Gating Plan (Then Folds)

Update: The SEC Folds:

  • SEC PERMITS TEMPORARY SUSPENSION OF THIRD AVENUE REDEMPTIONS
  • THIRD AVENUE WILL BE SUBJECT TO ONGOING SEC OVERSIGHT
  • SEC SAYS IT REQUIRED FUND TO PUT IN PLACE INVESTOR PROTECTIONS

As Bloomberg reports, Third Avenue Management LLC received approval from U.S. regulators to temporarily suspend redemptions from its $788.5 million high-yield bond fund.

Prepare For Peso Plunge: Argentina Lifts Currency Controls

Late last month, Argentina voted to throw out the Peronists. In what amounted to a sharp rebuke of Cristina Fernandez de Kirchner's handling of the economy (among other things) Mauricio Macri defeated Daniel Scioli, Kirchner’s hand-picked successor, ushering in what the market hopes will be a new era for a country plagued by persistently high inflation and slumping growth. 

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