It is the 17th of November 2018

News

Crude Carnage Kills Equity Dead-Cat-Bounce, Bond Yields Tumble

Chatter of a commodity fund liquidation did nothing to help what everyone hoped would be an excited dip-buying opportunity in stocks today...

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Schumer And Nelson Accuse Rick Scott Of Trying To "Bully" His Way To Victory; Demand Immediate Recusal

Update: Attorneys for Senator Bill Nelson's campaign filed a lawsuit Tuesday afternoon seeking to extend the recount deadline. 

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In Latest Shock To Beijing, Chinese Credit Growth Is Lowest On Record

In recent months, China has been desperate to inject more credit into its financial system and failing that, to at least give the impression it is doing that. Recall that last month the PBoC adjusted its definition of aggregate financing (or Total Social Financing) by including net financing through local government special bond issuance, which in turn took place just two months after it added asset-backed securities (ABS) and non-performing loan write-offs into this measure.

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Euro Slides After Italy's Salvini Says No Change To Budget Proposal; Midnight Deadline Looms

With the midnight deadline for Italy to resubmit its budget proposal to Brussels fast approaching, one of the two men who are effectively running Italy has just offered the clearest suggestion yet that Italy will not change its deficit and growth projections for its 2019 budget plan - setting Europe's third-largest economy on a path that could lead to billions of fines from Brussels and the prospect of a feared 'Italeave'.

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