Taking another bite out of the fortune they've built for FedEx and UPS shareholders, Bloomberg is reporting today that Amazon is "experimenting" with a new program, called "Seller Flex," which would have them takeover the process of picking up packages directly from third-party warehouses and delivering them to customers.
Global markets came off record highs, trading subdued, with US index futures unchanged as traders are unwilling to make major moves ahead of today's ECB minutes and tomorrow’s NFP release, and before speeches by central bankers including SF Fed President John Williams and the potential next Fed chair Jerome Powell, as well as ECB executive board members Peter Praet and Benoit Coeure.
Submitted by Bill Blain of Mint Partners
“Always the hurricane’s blowing, always the population growing, and the money owing..”
Who will be the next Fed Head?
Macquarie's equity research team has just offered up a valuable economics lesson which seems to perfectly, if inconveniently, explain why their business model is doomed by the upcoming implementation of MiFID II.
So what happens when you compete in a 'slightly' fragmented market (see below) to sell a highly commoditized product to a customer that places so little value on the product that it has historically only existed courtesy of subsidies from trading revenues...then a regulatory body suddenly comes along and says you have survive as an independent operation?
Authored by Federico Pieraccini via The Strategic Culture Foundation,
As seen in my previous article, US military power is on the decline, and the effects are palpable. In a world full of conflicts brought on by Washington, the economic and financial shifts that are occurring are for many countries a long-awaited and welcome development.
If we were to identify what uniquely fuels American imperialism and its aspirations for global hegemony, the role of the US dollar would figure prominently.