South Korea Asks US To Halt Joint Military Exercises Until Olympics End
North Korea may have successfully bluffed its way into getting the US to stop holding massive army drills with South Korea's army.
North Korea may have successfully bluffed its way into getting the US to stop holding massive army drills with South Korea's army.
Authored by John Rubino via DollarCollapse.com,
Each quarter, Credit Bubble Bulletin’s Doug Noland posts a “flow of funds” report that analyzes the debt and securities markets data released by the Fed in its Z.1 Report. It’s always shocking to see the numbers we’re dealing with, but even more so lately as history’s biggest financial bubble starts to dwarf its predecessors.
U.S. equity index futures pointed to early gains and fresh record highs, following Asian markets higher, as European shares were mixed and oil was little changed, although it is unclear if anyone noticed with bitcoin stealing the spotlight, after futures of the cryptocurrency began trading on Cboe Global Markets.
MODERN JUGGERNAUTS LIKE APPLE DON’T EVEN COME CLOSE
The Chart of the Week is a weekly Visual Capitalist feature on Fridays.
Courtesy of: Visual Capitalist
Before speculative bubbles could form around Dotcom companies (late-1990s) or housing prices (mid-2000s), Visual Capitalist's Jeff Desjardins notes that some of the first financial bubbles formed from the prospect of trading with faraway lands.
Looking back, it’s pretty easy to see why.
A few months ago, we noted that the Bank of Japan had decided to throw every textbook out of the window and crank their plunge-protection to '11'after reports surfaced that they owned a staggering 75% of Japan's ETFs.
The BOJ first started their buying spree in December 2010 - when they held no ETFs at all - and have since accumulated some $150 billion in aggregate holdings. The buying was all as part of unprecedented "economic stimulus" which has undoubtedly contributed to the Nikkei 225 Stock Average surging roughly 125% since December 2010.