Business

Is all hell about to breaks loose for Loonie longs?

Yesterday, Bank of America released a note titled simply enough "CAD longs at risk", in which it said that "according to our liquid cross border flow (LCBF) data, hedge funds and real money now appear to be in the process of selling out of extended CAD longs after having been consistent buyers since the summer." The Bank said that this represents an important directional shift and explained as follows: 

Authored by Mac Slavo via SHTFplan.com,

The Bank of England is putting the United Kingdom on alert.  Should the UK keep borrowing money, as Corbyn's Labor Party has advocated, there will be a “Venezuela-style” economic collapse that will devastate normal citizens.

In the run-up to the recent agreement on phase I of Brexit, there was mixed news on the extent to which jobs in the City of London would be relocated to other European hubs, primarily Frankfurt. On one hand, we discussed the meeting between US Commerce Secretary, Wilbur Ross, and executives of JPM, Goldman, HSBC and other banks at Wilton’s restaurant during his trip to London in early November. The banks warned that they were close to a “point of no return” on moving jobs.

There is a huge disparity in employment rates among over 65s across different countries...

You will find more statistics at Statista

As Statista's Niall McCarthy notes, a recent OECD report found that the highest rates of people working beyond 65 are in Asia with Indonesia particularly notable as having a 50.6 percent employment among those in the 65-69 age group. That figure is high elsewhere in Asia, standing at 45 percent in South Korea and 42.8 percent in Japan.

And they said bitcoin would never work as a currency.

While that might be true for small transactions - for now - real-estate markets across the US are increasingly demonstrating that bitcoin is a viable medium of exchange. Case in point: the seller of a luxury Miami condo will only accept payment in bitcoin. The asking price - according to real-estate listings site Redfin - 33 bitcoins, or about $550,000 at bitcoin’s present valuation.