Business

Hope is a strategy...

Authored by Kevin Muir via The Macro Tourist blog,

It seems like the only time Canada makes the news is when America elects some right wing President the Hollywood elite don’t like, and they all threaten to move to Canada.

While asset-gatheres and commission-takers are celebrating the record highs in stocks - after the world did not end last weekend - UBS Technical Analyst team is a little less sanguine, fearing that this move to new record highs in the S&P could well be another false breakout due to a lack of sentiment signals in derivatives-land, and breadth breaking down.

Authored by Eric Peters via EricPetersAutos.com,

Since they can’t sell electric cars – not enough of them, anyhow – and not without subsidies so huge they amount to outright bribes – the solution appears to be to outlaw all cars except electric cars.

This is no joke.

Three years after we first identified the former head of UBS's gold desk in Zurich as someone directly implicated in the rigging of precious metals prices, Bloomberg reports that Andre Flotron, a Swiss resident, was arrested while visiting the U.S., according to people familiar with the matter.

Having been "on leave" since 2014, it appears Andre's hope that he was gone but "keen to return in due time" are now up in smoke.