As we have detailed previously, the Spanish region of Catalonia in the North-Eastern corner of Spain will attempt to hold an independence referendum tomorrow, against the will of the central government in Madrid.
Apart from the Baleares and the Madrid region itself, Catalonia together with its capital Barcelona is one of the most economically-powerful parts of the country.
China Catalyst To Send Gold Over $10,000 Per Ounce?
Jim Rickards is on record forecasting $10,000 gold.
But is China about to provide the catalyst to send gold even higher? And by how much?
Today, we fare forth in the spirit of speculation… follow facts down strange roads… and arrive at a destination stranger still…
China — the world’s largest oil importer — struck lightning through international markets recently.
According to the Nikkei Asian Review, China has plans to buy imported oil with yuan instead of dollars.
Whatever doesn't kill bitcoin - and many have tried in the past month to do just that - has a habit of making it stronger, and two weeks after the cryptocurrency crashed 40% from an all time high of $5,000 to less than $3,000 when first China banned ICOs and exchange trading of cryptocurrencies, then Jamie Dimon called it a fraud, the BIS said it has no future unless it is subsumed by central banks, days after South Korea likewise ordered an end to ICOs, the SEC filed the first ever civil charges against companies raising capital through ICOs and Switzerland announced it too was cracking do
Authored by Charles Hugh Smith via OfTwoMinds blog,
Labor’s share of the national income is in freefall as a direct result of the optimization of financialization.
In a sign that China's ongoing attempts to delever (and decelerate) the economy may have gone a bit too far, on Saturday morning China’s central bank announced a targeted reserve requirement ratio (RRR) cut, its first since February 2016 and which will go into effect in 2018, in an attempt to boost lending to struggling smaller firms and energize China's lacklustre private sector, Xinhua reported.