Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing.
Welcome to this week's edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity.
Sales and traffic at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday declined from last year, as Reuters reports that stores offered discounts well beyond the weekend and more customers shopped online.
The National Retail Federation reports that spending per person over Thanksgiving Weekend this year was $289.19, down 3.4% from $299.60 in the same period last year.
Via Jesse's Cafe Americain blog,
While last week's report that Nigel Farage is considering moving to the US may have been a prank, overnight the UKIP leader shared some more somber news with The Daily Express, whom he told that he fears for his life and cannot go out in London without his security detail.
Not content with arresting or firing any potential source of domestic political opposition, Turkey's president Erdogan is targeting foreign journalists. Having previously arrested dozens of Turkish journalists after the failed July "coup" attempt led to a nationwide crackdown on the media, overnight the Turkish government detained reporters working for BBC and Voice of America in southeastern Turkey.