One month ago, when we looked at the (very opaque) European banking sector and the pains it was undergoing as a result of its China and commodity exposure, we asked whether Canadian banks are next, focusing on the uncharacteristically low reserves local banks have to the loans in the oil and gas sector.
113 documents originally seized from bin Laden’s Pakistani hideout are now available to the public on the Office of the Director of National Intelligence’s website after being declassified and translated. These newly released documents reveal Osama’s handwritten will for his $29m fortune and personal correspondences, including his concerns over the environment. Osama bin Laden gave a detailed analysis in the wake of the 2008 financial crisis.
“When the Mexican peso gets a cold, Laredo sneezes,” Les Norton, head of the Downtown Merchants Association says.
Despite the fact that Banxico managed to take MXN shorts out into the alley and execute them earlier this month in an epic “franc moment,” the trend, so to speak, is not your friend here.
Mexico’s currency has taken a dramatic hit from the slump in crude. Like other EM FX pairs, the USDMXN hasn’t been the place to be over the past year (again, recent weakness notwithstanding).
Submitted by Nick Giambruno via InternationalMan.com,
No matter what ailed you, the doctor had one cure: attaching leeches to your body.
In the Middle Ages, doctors used leeches to treat everything from headaches to ear infections, asthma, smallpox, the plague, and hundreds of other diseases. If there was something wrong with you, leeches were the solution. If that didn’t work, the answer was more leeches.
Another crazy day in the markets...
While stocks dropped and popped on the day... with a panic-buying scramble into the close to get Nasdaq unch...
On SPY's lowest volume day of 2016