For the first time since 2006, Greek 10Y sovereign bond yields have plunged below 4.00%.
The last few weeks have seen a veritable rush to grab that yield as GGBs plunged from 5.50% on Dec 4th to 3.98% today!!
Of course, this 'signal' from the bond market is being heralded as proof that the worst is over and everything is awesome in Greece again - hooray.
It's Not!
Authored by Carey Wedler via TheAntiMedia.org,
Norway is the latest country to move toward decriminalizing drugs and promoting addiction treatment rather than punishing addicts.
This week, a majority of members of the Norwegian parliament directed the national government to reform its policies.
“The majority in the parliament has asked the government to prepare for reform,” a spokesperson for the Storting, the Norwegian legislature, told Newsweek.
Authored by Chris Hamilton via Econimica blog,
Just three charts putting things in perspective...
Chart #1: three periods and four variables (total US energy consumption, 25-54yr/old US employees, federal debt, and federal funds rate %:
1950 to 1975
1975 to 2000
With McCain in hospital and now Lee and Rubio questioning the child-care credit, markets are showing some anxiety about just how "done deal" this deal really is...
The reaction is clear...
And the High Tax companies are continuing to see profit-taking...
On Wednesday, Congress Republicans were said to reach a deal on final tax legislation, clearing the way for final votes next week on a package that, if approved, would be sent to President Donald Trump to sign into law. While the formal language of the legislation has not been released, the following are the known provisions on which House of Representatives and Senate tax writers have agreed, based on Reuters reporting.
Here is a full summary of what we know as of this moment is in the Republicans' final tax bill:
BUSINESSES