It is the 15th of November 2018

News

Goldman Calls It: "Stocks May Be About To Enter A Sustained Bear Market"

Two months ago we reported that according to Goldman's bear market indicator, the risk of a market crash dead ahead was higher than before the dot com bubble burst in 2000 and ahead of the 2008 global financial crisis, or as Goldman puts it, "our Bull/Bear market indicator is flashing red."

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Argentina Signs $8.7 Billion Swap Agreement With Beijing To Shore Up Sagging Peso

Embattled Argentinian President Mauricio Macri has been scrambling to shore up his country's struggling currency since the IMF's executive board finally approved a record - and expanded - $57 billion bailout loan with the explicit condition that the country's central bank refrain from using that money to support the Argentine peso.

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Bank Of England Refuses To Release Venezuela's Gold

Three days ago, when we reported that following Trump's latest sanctions targeting Venezuela's gold sector president Maduro was seeking to repatriate all of Venezuela's gold - some 14 tons - held at the Bank of England, we cautioned that since the BoE "sought to clarify what Venezuela wants to do with the gold", this suggested that despite Venezuela being the rightful owner of this gold, Venezuela was about to face challenges in getting it back.

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Trump Proposes Ending Asylum For Illegal Immigrants

As was widely expected following his promises to stop crowds of illegal migrants from entering the US, President Trump on Thursday signed an order to end asylum for illegal immigrants before the caravans arrive. The order, which is expected to elicit howls of outrage from the left, will almost certainly be met with a court challenge, according to a Bloomberg report.

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