FX Daily, January 26: Trump-Inspired Dollar Short Squeeze Fades Quickly
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Author: Marc Chandler
Categories: FX Trends
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It was dramatic. Following the BOJ and ECB's rather mild rebuke of dollar's depreciation, US President Trump cautioned that his Treasury Secretary comments were taken out of context, and in ant event, he, the President ultimately favored a strong dollar. The dollar, which had continued fall after Draghi's post-ECB meeting comments, shot higher in the US afternoon in response to Trump's comments.
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Income inequality in Switzerland remains stable after redistribution
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Author: Le News
Categories: Personal Finance, Swiss Markets and News
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Income inequality in Switzerland has remained stable according to a report published by Switzerland’s Federal Statistical Office. A key measure of inequality involves dividing the income share of the top 20% by that of the bottom 20%, a measure known as S80/S20. 1 is complete equality.
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Davos – My Personal Experience of the $100,000 Event, $60 Burgers, Massive Inequality and the Blockchain Revolution
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Author: Jan Skoyles
Categories: GoldCore
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Davos elite hear warnings of complacency akin to 2007 as economic risks grow. Toxic mix of infallible belief, arrogance, megalomania and economic ignorance. Some express concern economies are vulnerable due to imbalances, trade, geo-political tensions. Soros: Trump creating ‘mafia state’ & ‘set on a course towards nuclear war’ with N Korea. Bond bear market, rising interest rates and massive $233 trillion debt are some of the many threats to global stability.
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US chart of the week – Texas rebounds
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Author: Thomas Costerg
Categories: Pictet Macro Analysis, The United States
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One of the major rivalries in the US is that between California and Texas, the country’s biggest and second-biggest states respectively in GDP terms. They have different growth drivers (most notably Silicon Valley in California and the energy industry in Texas), and they also have different political landscapes – and local taxation regimes. But which one’s ahead when it comes to employment growth?
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Can We Finally Have an Honest Discussion about the Opioid Crisis?
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Author: Charles Hugh Smith
Categories: The United States
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The economy no longer generates secure, purposeful jobs for the working class, and so millions of people live in a state of insecure despair. The opioid epidemic is generating a lot of media coverage and hand-wringing, but few if any solutions, and this is predictable: if you don't face up to the causes, then you can't solve the problem.
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Tax Reform and Trump’s Chinese Trade Deficit Conundrum
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Author: MN Gordon
Categories: Debt and the Fallacies of Paper Money
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Most things come easier said than done. Take President Trump’s posture on trade with China. Trump doesn’t want a bigger trade deficit with China. He wants a smaller trade deficit with China. In fact, reducing the trade deficit with China is one of Trump’s promises to Make America Great Again.
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