Russia Liquidates Its US Treasury Holdings

Last month we showed that as Trade Wars began in April, the world’s central banks and other official institutions dumped more Treasuries than in any month since January 2016, some $48.3BN, perhaps over concerns of others selling first, and precipitating a sharp move higher in yields. Fast forward one month later to May, when according […]

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WTI Drops After Surprise Crude Build

Oil prices rebounded to unchanged intraday on hopes that tonight’s API data would show a notable draw and recover the momentum in energy markets. However, WTI dropped as API reported a surprised crude build of 629k (exp was a 4.1mm draw). “We’re expecting a fairly bullish report tonight, a significant decline in U.S. crude oil […]

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Cryptocurrencies, Blockchain Added To CFA Exam

Everyone has been watching regulators closely over the last year for their take on such upstart financial products as digital currency, initial coin offerings and blockchain, and how these may end up affecting the future for the financial industry. Now, one major financial institution – the CFA Institute – thinks they are legitimate enough to […]

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The Defeat Of Sorosism

Via Vox Populi blog, George Soros is going to his grave knowing that he was ultimately a massive failure: In London in the 1950s, Soros was a student of the expatriated Austrian philosopher Karl Popper, who championed the notion of an “open society,” in which individual liberty, pluralism and free inquiry prevailed. Popper’s concept became […]

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