Amid all the chaos of lunar new year adjustments, Chinese exports in March surged 16.4% YoY (-1.3% YoY in Feb) - the biggest jump since Feb 2015. Import growth fell back from February's surge (but surprised to the upside). Furthermore, China's trade surplus with the United States, another bone of contention for Trump, widened in March from February.
Authored by Kevin Muir via The Macro Tourist blog,
With the rising global political tensions, gold has gotten a bid over the past week. But is that what is driving the price?
S&P futures extended their Wednesday decline, dropping in the overnight session with banking shares in focus ahead of results from JPMorgan and Citigroup. European stocks likewise retreated along with the dollar, while Asian shares were mixed.
Authored by Martin Armstrong via ArmstrongEconomics.com,
The dwindling credit of Turkey and significant decline in its currency, has led to the new clever idea of confiscating gold with a smile.
The Turkish Central Bank has come up with an idea of how to confiscate private gold while pretending they are helping you earn more money. Their objective is to make the private gold stocks of the citizens available to the financial system for themselves, but how to sell that to the people?
Yesterday we highlighted the "scariest chart in the world" - we may have been premature...
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It seems pretty clear that the neocon warmongery is working - the world is fearful, and needs government to save it...