The Volatility Collapse: How Long Can This Last?

Authored by ConvergEx's Nicholas Colas,
Authored by ConvergEx's Nicholas Colas,
Authored by Mike Krieger via Liberty Blitzkrieg blog,
In an unprecedented move, the Chinese Embassy in North Korea has advised Korean-Chinese residents to return home amid concern that the North's military provocations may trigger a U.S. attack on the North.
The Korea Times reports that the embassy began sending the message on Apr. 20, five days before the North celebrated the 85th anniversary of the Korean People's Army with a show of military power, according to Radio Free Asia (a U.S.-based station specializes in North Korea).
Authored by Federico Pieraccini via The Strategic Culture Foundation,
Last July, Puerto Rico defaulted on hundreds of millions in debt, however under the PROMESA federal rescue law put together in the last minute, creditor litigation was put on hold - a kind of deferred debtor protection without the actual bankruptcy. The law was meant to encourage Puerto Rico and its federal financial oversight board to negotiate debt-cutting agreements with creditors.