S&P futures are little changed following yesterday's rout even as Asian and European markets continued selling; the pound slid on poor factory data, the yen tumbled after the BOJ intervened to stabilize the JGB bond market, precious metals flash crashed early in the session, while the selloff in oil accelerated despite yesterday's massive inventory draw, although at least yesterday's sharp bond tantrum has stabilized.
Authored by James Rickards via The Daily Reckoning,
The Group of Twenty, known as G20, is an unaccountable and powerful organization that is the closest thing on earth to a true world government. German Chancellor Angela Merkel, the rotating President of the G20, will host the next G20 meeting in the city of Hamburg, on the mouth of the Elbe River near the North Sea Coast.
Authored by Giulio Meottie via The Gatestone Institute,
The United States has a long-standing history of being a “nation of immigrants”, and today the country is home to roughly 46.6 million residents that were born outside of the country. Courtesy of Visual Capitalist's Jeff Desjardins, here are three maps and data visualizations that give us some history of who came to America, and when it all happened.
200 YEARS OF IMMIGRATION
To begin, this video from Metrocosm shows immigration to the U.S. starting from 1820. Each dot represents 10,000 people.
For some inexplicable reason, Ray Dalio still thinks the the world not only underwent a deleveraging, but that it was "beautiful." Not only did McKinsey prove that to be completely false two years ago, but for good measure the IIF confirmed as much last week, when it revealed that global debt has hit a record $217 trillion, or 327% of GDP...
... while Citi's Matt King showed that with no demand for credit in the private sector, central banks had no choice but to inject trillions to keep risk prices from collapsing.