The cold war is officially back.
The Senate Armed Services Committee is currently hearing the testimony of retired Marine General James Mattis, picked by Donald Trump to take over the Department of Defense.
Preface: Washington's Blog reached out to Dr. Haering after reading several excellent articles on India's cash ban. Dr. Haering then combined the information into a single article for us. We lightly edited the article for spelling and grammar.
With Amazon having an exponentially growing (if mostly part-time) work force, which as of Q3 amounted to just shy of 320,000 employees...
... not to mention a surging robotic support base, on Thursday the rapidly growing internet retailer issued a press release stating it "plans to create an additional 100,000 full-time, full-benefit jobs in the U.S. over the next 18 months." Of course, it is likely that Amazon would have added that number of jobs anyway, simply by extrapolating its current growth rate.
Risk assets declined across the globe, with European, Asian shares and S&P 500 futures all falling, while the dollar slumped against most currencies after a news conference by President-elect Donald Trump disappointed investors with limited details of his economic-stimulus plans, and the Trumpflation/reflation trade was said to be unwinding.
Submitted by 720Global's Michael Lebowitz via RealInvestmentAdvice.com,