Economics

BofA Warns Of ‘Icarus’ Trade: “A Wobble Then A Melt-Up… Followed By A Melt-Down”

Thursday, January 12, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 12, 2017 “After a Jan/Feb wobble, we believe stocks & commodities will have one last 10% meltup in H1,” explains BofA’s Michael Hartnett in his latest note, but, he adds, by the end of 2017 we will see a “meltdown.” BofA awaits the endgame of the so-called “Icarus Trade”... »

Democracy in Crisis: Rising Inequality Could Cause Globalization Rollback

Thursday, January 12, 2017
By Paul Martin

SputnikNews.com 12.01.2017 Rising income inequality poses a severe risk to the global economy and could result in the reversal of globalization, according to the World Economic Forum (WEF). The organization’s annual Global Risks report ranked rising income and wealth disparity first among the underlying trends that will determine the shape of the world in... »

Why Are Wal-Mart And Boeing Laying Off Workers If The U.S. Economy Is In Good Shape?

Thursday, January 12, 2017
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com January 11th, 2017 The stock market has been on quite a roll in recent weeks, but signs of trouble continue to plague the real economy. Earlier this week, I talked about the “retail apocalypse” that is sweeping America. Major retail chains such as Sears and Macy’s are closing stores and... »

Gold Rallies To $1,207 After Trump Press Conference Shambles

Thursday, January 12, 2017
By Paul Martin

By: GoldCore GoldSeek.com Thursday, 12 January 2017 Gold has rallied to $1,207/oz today as stocks globally have weakened after the first press conference of incoming President Trump turned into a bit of a debacle. Gold prices made further gains today amid reduced focus on the Fed and speculation regarding their potential rate hikes and... »

Soros Lost $1 Billion Following Trump Election

Thursday, January 12, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 12, 2017 While Carl Icahn infamously made a killing following the “surprise” Trump election, another prominent hedge fund manager was not nearly as lucky. According to the WSJ, “George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election.” Which,... »

‘Protectionist’ Obama Escalates Trade War, Slams China With Subsidized Aluminum Complaint

Thursday, January 12, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 12, 2017 With all the partisan narrative defining Trump as a tariff-setting, anti-trade, economy-buster, we thought it ironic that free-trade-wunderkid Obama just escalated trade wars by bringing his administration’s 16th trade-enforcement complaint against China with WTO, urging tariffs on subsidised Chinese aluminum, after accusing them of funneling artificially cheap... »

Overpriced: Trump Wipes $24.6 Bln Off Drug and Biotech Stocks in 20 Minutes

Thursday, January 12, 2017
By Paul Martin

SputnikNews.com 12.01.2017 During his press conference on Wednesday, the US President-elect Donald Trump said US medicines are made overseas and are too expensive, and proper bidding could help lower the costs, provoking a selloff in big pharma and biotech stocks. Kristian Rouz – US big pharma suffered a major hit during Wednesday’s press conference... »

RBC Explains Why The Market Is Dumping, Adds “This Is Not The Big Short”… Yet

Thursday, January 12, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 12, 2017 Having yesterday revealed what he believes is the single biggest risk to the buyside in general, and hedge funds in particular, in today’s market (the answer, for those who missed it, is the strong dollar suddenly turning weak, as it is continues to do today), here is... »

Amazon To Create 100,000 New Jobs In The US

Thursday, January 12, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 12, 2017 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... »

Over 100,000 More Americans Are On Jobless Benefits Now Than Before Trump’s Election

Thursday, January 12, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 12, 2017 Continuing jobless claims are up over 100,000 since Donald Trump’s election victory and stand at 4-month highs. This is the biggest percentage rise in claims since May 2009, all happening as small business optimism, consumer confidence, and stocks soar to cyclical highs. The Rest…HERE Share on Facebook »

Support Revolution Radio