With Brexit negotiations still at a delicate stage, here’s the first bit of good news for the City of London in some time...
As The Telegraph reports, the boss of Swiss bank UBS has said plans to move 1,000 jobs from London as a result of Brexit are now looking "more and more unlikely".
Back in July, Deutsche Bank's derivative strategist Aleksandar Kocic believed he had found the moment the market broke, which he defined as a terminal dislocation between market and economic policy uncertainty: as he wrote 4 months ago, it was some time in 2012 that markets "lost their capacity to deal with uncertainty.”
By the SRSrocco Report,
As the U.S. Stock Market Bubble continues upward toward a giant pin, there are some interesting developments that precious metals investors will find quite interesting. Yes, there's still a lot of life left in the precious metals, even though pessimistic market sentiment has frustrated a lot of gold and silver investors.
Authored by Charles Hugh Smith via PeakProsperity.com,
I’ve long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the $1 trillion out of thin air - nothing could be easier.
Any realtor worth their salt will tell you, when it comes to the home-buying habits of wealthy hedgies and bankers, gaudy McMansions and sprawling estates are so last season.
Or, as they say in Greenwich: “Small is the new big."