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Taiwan Unleashes 'Plunge Protection Team' To Rescue Stocks Amid Korean Tensions

Taiwan Unleashes 'Plunge Protection Team' To Rescue Stocks Amid Korean Tensions

Amid a two-day tumble in stocks, Taipei-based Economic Daily News reports that the Taiwanese government unleashed its 'Plunge Protection Team' yesterday as the local stock market fell on growing tensions between the U.S. and North Korea.

Eight Taiwan government-run banks bought combined net NT$1.96 billion (around US$65 million) of shares Wednesday to stall the slump...

 

Former CBO Director: The Fall Will Be "Very Scary", Expect A Market Crash

Rudy Penner, the former director of the Congressional Budget Office and the person described by MarketNews international as "one of Washington's most respected fiscal policy experts", told MNI Wednesday in an exclusive interview that he expects a "very scary" fall 2017 due to fiscal issues, with market-disrupting battles ahead on both the debt ceiling and fiscal year 2018 spending. Penner directed the CBO under president Reagan, worked at high level posts in the White House budget office, and the Council of Economic Advisers.

Gold Spikes To 2-Month Highs As Equity 'Traders' Buy-The-F**king-Fire-And-Fury-Dip

Gold Spikes To 2-Month Highs As Equity 'Traders' Buy-The-F**king-Fire-And-Fury-Dip

Buy The Fucking Fire And Fury...

Interrestingly the BTFDers arrived right on cue as Europe closed and then got some ignition when NYT ran a story saying Trump's words were his own and not 'policy'... Then again into the close, VIX was smashed lower in a desperate bid to get S&P green...

 

 

Dow down for a 2nd straight day!!!!

This Cryptocurrency Website Is Selling For More Money Than Facebook's

This Cryptocurrency Website Is Selling For More Money Than Facebook's

Authored by Simon Black via SovereignMan.com,

What’s money worth if interest rates are negative?

Interest rates, after all, are the “price” of money.

When we borrow money from a bank and pay interest on the loan, it means that the money we’re borrowing has value. That –capital- has value.

Negative interest rates, on the other hand, suggest that capital is totally worthless.

This isn’t a philosophical exercise. These are the times we’re living in.

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