It is the 21st of July 2017

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VIX To Double Within A Year, Natixis Warns

Vol-sellers beware. That's the message from Natixis Global Asset Management’s Brett Olsen and Nicholas J. Elward, in their latest note, as they warn "it stands to reason that the market will see a reversion to the mean and find the VIX trading in the 20+ range before too long."

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The Striking Reason Why The US Just Spent A Record $429 Billion In One Month

On Thursday morning the CBO released a surprisingly upbeat assessment of Donald Trump's proposed budget, calculating that it would cut the cumulative US deficit by 30% over the next decade, preventing the US debt from spiraling out of control (even further).

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IMF Rings The Alarm On Canada's Economy

Shortly after yesterday's rate hike by the Bank of Canada, its first since 2010, we warned that as rates in Canada begin to rise, the local economy which has seen a striking decline in hourly earnings in the past year, which remains greatly reliant on a vibrant construction sector, and where households are the most levered on record, if there is anything that can burst the local housing bubble, it is tighter monetary conditions. And a bubble it is, as the chart below clearly demonstrates... one just waiting for the pin, which as we suggested yesterday in ""Canada Is In Serious Trouble" Again, And This Time It's For Real", may have finally been provided thanks to the Bank of Canada itself.

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Connecticut Capital Hartford Downgraded To Junk By Moody's

Just two days after S&P downgraded Hartford to junk, Moody's has piled on, pushing the Connecticut State capital below investment-grade due to "the increased likelihood that the city will pursue debt restructurings to address its fiscal challenges."

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If Everything's So Awesome, Why Are Investors Surging Into Tech-Stock Hedges?

Tech stocks are up once again - for the 5th day in a row, the longest streak since May - as the business media celebrates FANG's rennaissance (again)...

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