Over 11 million documents have been leaked revealing the secretive criminal financial dealings of the world’s elite, including 12 current and former world leaders, and over 128 politicians and public officials from around the globe. The “Panama Papers” reveals how previously highly secretive financial transactions flows through the world’s financial system, funding crime and dodging tax.
Key economic releases for the coming week include the ISM non-manufacturing report on Wednesday. There are several scheduled speeches from Fed officials this week. Fed Chair Yellen will take part in a discussion with former Fed Chairs on Thursday.
Monday, April 4
10:00 AM Factory orders, February (GS -2.1%, consensus -1.8%, last +1.6%)
In the aftermath of such "paradigm" flops as 3D TV, 4K TV, the "wearables" revolution, the tech world is now obsessed with Virtual Reality. Here, courtesy of The Onion, are some potential ways that Oculus Rift and other virtual reality technologies will affect our lives.
By EconMatters
We discuss some of the current fallacies in the Oil Market in this video. From Russia Oil Production, Inventory Builds, Saudi Arabia`s Strategy, and Market Sentiment regarding the rally off the bottom.
https://www.youtube.com/watch?v=5SFBI4wm8L8
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Submitted by Mark St. Cyr
Why Silicon Valley’s “It’s Different This Time” Is Now A Broken Record
Like a broken record whenever a profit measure was asked of “Silicon Valley” (i.e., everything social or tech) as to when something would either be profitable or, begin returning investor cash with either net profits or dividends. The response was always the same “It’s different this time.” Meaning: there aren’t any now, but just you wait! Some are still waiting, and waiting, and waiting, and….