The Propaganda About Russian Propaganda
Authored by Adrian Chen, originally posted at The New Yorker,
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Europe
Chernobyl 'Safe' For Another Century Thanks To World's Largest Moving Structure
Over 30 years after a botched test at the Soviet nuclear plant sent clouds of smoldering nuclear material across large swathes of Europe, the world's largest land-based moving structure has been slid over the Chernobyl nuclear disaster site to prevent deadly radiation spewing from the stricken reactor for the next 100 years.
Rising 360 feet into the air with a span of 850 feet and length of 540 feet, the shield is tall enough to cover the Statue of Liberty and longer than two Boeing 777 jets placed end to end.
These Were The Best And Worst Performing Assets In November And YTD
In years to come markets may well look back at the month just passed as one of the most pivotal in recent memory, at least that's the assessment of DB's Jim Reid. The US election result just over 3 weeks ago sparked a huge divergence across asset classes and also between developed and emerging markets. In fact you could probably start this performance review from November 8th as assets were generally little changed in the first week and a bit leading into the election.
Everything You Need To Know About The Italian Referendum (& Should Be Afraid To Ask)
Update: The market was modestly spooked as Transport Minister Delrio appeared to confirm Renzi's resignation will occur on a 'no' vote...
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"A Watershed Month" - November Sees Greatest "Asset Rotation" Since 2013
The final November fund flow numbers are in, and as BofA's Michael Hartnett puts it, November, it was a "watershed" month for fund flows with the largest 5-week
bond outflows in three and a half years at $10 billion...
... the largest 3-week precious metals outflows
in 3.5 years...
... and the largest 5-week equity inflows since October 2013 at $34.5 billion.