For the past several months, cities all across the country have been competing for the opportunity to host Amazon's second headquarters which promises $5 billion in capital investment and 50,000 new jobs over a period of time. And now that the bids are in, we have the opportunity to review some of the staggering tax subsidies offered to one of Silicon Valley's biggest companies.
It seems that it was just yesterday when the market was celebrating Trump's avoidance of a government shutdown due to an "unprecedented" bipartisan deal with Democrats, which left Republicans out in the cold. Well, things are once again back to normal.
Has the market's "melt-up" levitation finally ended? Of course, it could be much worse: as Bloomberg's Paul Jarvis recalls, thirty years ago on this day traders around the globe were staring at their screens in disbelief as stock markets turned to a sea of red: the Dow, S&P 500, FTSE, DAX and CAC fell -23%, -20%, -10%, -9% and -10% respectively.
Authored by Raul Ilargi Meijer via The Automatic Earth blog,
A point BOE Governor Mark Carney made recently may be the biggest cog in the European Union’s wheel (or is it second biggest? Read on). That is, derivatives clearing. It’s one of the few areas where Brussels stands to lose much more than London, but it’s a big one. And Carney puts a giant question mark behind the EU’s preparedness.
Carney Reveals Europe’s Potential Achilles Heel in Brexit Talks
Despite all the talk of deleveraging, China did anything but according to its most recent data but the lagged impact of the tumbling credit impulse is starting to show up in the broader macro data. Despite the National Congress being under way (and recent credit spikes and positive PBOC hints) GDP growth limped lower to the expected +6.8% YoY, and fixed asset investment growth was the weakest in over 17 years...