Authored by Andy Xie via The South China Morning Post,
Central banks continue to focus on consumption inflation, not asset inflation, in their decisions. Their attitude has supported one bubble after another. These bubbles have led to rising inequality and made mass consumer inflation less likely.
Authored by Will Ellis via Free Market Shooter blog,
Saying the situation in Mexico is bad is a gross understatement.
Since the marine-lead capture of notorious drug lord Joaquin “El Chapo” Guzman in Sinaloa back in 2016 and his subsequent extradition to the US in 2017, drug-related violence has skyrocketed in his native land.
Authored by Tom Luongo via TomLuongo.me,
The biggest open-secret in Hollywood was that Harvey Weinstein was a Grade-A pervert. And his ‘coming out party’ this week is incredibly intriguing. Hollywood is a dirty place.
It’s Chinatown, squared.
Authored by Steven Vanelli via Knowledge Leaders Capital blog,
With some exceptions, smaller-cap stocks in the US tend to pay higher taxes than their larger-cap peers. As such, speculation that corporate tax rates may be cut has stoked the performance of US small caps recently.
[ZH - and in recent days - tax hope appears to have faded fast...]
In a trend observed every day this week, S&P futures are slightly in the red ahead of a post-open ramp with the VIX rising to 9.91, as Asian shares climb, European stocks are little changed. WTI crude pares recent gains, slipping below $51 after API showed an unexpected crude build. Earnings season launches with bank earnings reports from JPMorgan and Citigroup, while Economic data include PPI figures, jobless claims.