Authored by Mark Jeftovic via Medium.com,
“[Bitcoin] won’t end well, it’s a fraud…worse than tulip bulbs…[but] if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than U.S. dollars,”
— Jamie Dimon: CEO, JP Morgan
Headline: JPMorgan Guilty of Money Laundering, Tried To Hide Swiss Regulator Judgement
— via Cointelegraph
The US has filed a legal submission to the WTO as a third party, intervening in a case that China has brought against the European Union. The US rejects China’s argument that under the 2001 agreement, which confirmed China’s WTO status, it would should automatically be considered a “market economy” fifteen years after joining.
Despite a Wednesday dive in high-flying U.S. tech stocks on worries their boom may have peaked following a MS downgrade, which presured Asian stocks leading to a slide in Hong Kong and South Korean share, on Thursday morning the dip buyers have emerged and both European stocks and US equity futures are once again solidly in the green as yesterday's tech selloff is quickly forgotten.
The euro stumbled, dropping to session lows on Thursday after Eurostat reported that despite a welcome decline in Europe's unemployment rate to 8.8%, the lowest level in 9 years, Eurozone inflation missed expectations, rising from 1.4% to 1.5%, below the 1.6% consensus expectations, reminding the ECB that Phillips curves around the globe remain broken and that its intention to taper QE and tighten monetary policy may yet be derailed.
Authored by Jacob Bojesson via The Daily Caller,
Hungary’s ruling party is stepping up its campaign against billionaire investor George Soros by distributing a book that accuses the financier of pursuing a plan to flood Europe with migrants.
The book, titled “George Soros,” is written by Andreas von Rétyi - a German author known for pushing conspiracy theories about UFOs and what caused the Sept. 11, 2001 terror attacks on the U.S.