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Gold, VIX, Bitcoin Surge; Stocks, USDJPY Tumble After North Korean Missile Launch

Gold, VIX, Bitcoin Surge; Stocks, USDJPY Tumble After North Korean Missile Launch

Dow futures down over 120 points (and Nikkei 225 down over 200 points) at the reopen following North Korea's 'successful' firing of a ballistic missile across Japan.

Gold futures spiked to $1325 as USDJPY plunged...

The USDJPY is tumbling on the news... Breaking below 108.50, a break of April's 108.12 may require more than a little help from Kuroda and friends.

Japanese equity market futures plunged to 4-month lows...

 

And VIX futures are snapping higher...

Nomi Prins: Big Bank Concentration And Counterparty Risk Expands

Nomi Prins: Big Bank Concentration And Counterparty Risk Expands

Authored by Craig Wilson via The Daily Reckoning,

Nomi Prins joined Sprott Money News for its Ask the Expert segment that covered the Federal Reserve system, Glass-Steagall reform and even the recent activity from the U.S Treasury.

Nomi Prins is a former Wall Street insider where she worked as a Managing Director at Goldman Sachs among other major financial outlets. She is also a best-selling author who wrote All the Presidents’ Bankers, a book that examines the hidden alliances between Wall Street and Washington.

What Is The Liquidity Trap?

Authored by Frank Shostak via The Mises Institute,

Some economists such as a Nobel Laureate Paul Krugman are of the view that if the US were to fall into a liquidity trap the US central bank should aggressively pump money and aggressively lower interest rates in order to lift the rate of inflation. This Krugman holds will pull the economy from the liquidity trap and will set the platform for an economic prosperity. In his New York Times article of January 11, 2012, he wrote,

Trump’s Big Decision: Why Not Danielle DiMartino Booth For A Fed Post?

Trump’s Big Decision: Why Not Danielle DiMartino Booth For A Fed Post?

 

Trump’s Big Decision: Why Not Danielle DiMartino Booth For A Fed Post?

Written by Peter Diekmeyer, Sprott Money News

 

Lead photo by Rose Baca of the Dallas Morning News.

 

US President Donald Trump’s decision about who will replace Janet Yellen when her Federal Reserve chairmanship expires in February will be the biggest of his Presidency.

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