Authored by Bryce Coward via Knowledge Leaders Capital blog, When the US government gets near its statutory debt limit, congress must lift the debt limit in order for the Treasury to continue to issue debt to pay for government expenses. The act of the Treasury drawing down its account at Read more…
With the ongoing debacle over the 737 MAX seemingly getting worse by the day, a potentially far more ominous development hit today when rating agency Fitch warned that it may downgrade Boeing as the grounding of the ill-fated airplane stretches into the 5th month. Citing regulatory uncertainty around the return Read more…
Former FBI Director James Comey has been under investigation for misleading President Trump – telling him in private that he wasn't the target of an ongoing FBI probe, while refusing to admit to this in public. -RCI According to two US officials familiar with Horowitz's upcoming report on FBI misconduct, Comey Read more…
For years, the area around the Red Sea, the Bab al-Mandab strait and the Gulf of Aden was the preferred venue for maritime pirates – mostly of Somali and Yemeni origin – who had become the scourge of Suez-crossing tankers headed to and from the Persian Gulf, at least until Read more…
And it turns out that the US military has used this base during all of our previous wars in the Middle East. In 2001, the base became home to the US military's main air control organization, known as the Combined Air Operations Center, which orchestrated the air war in Afghanistan Read more…
However, the short-term Bill curve remains 'kinked' around the debt-ceiling X-date for now. That would avoid the risk of a default in the short-term but would extend uncertainty for markets. Source
This is the seventh month of declines in a row – the longest streak of contraction since the financial crisis. 36 indicators improved from May to June, while 49 indicators deteriorated (but of the indicators that improved, nine made negative contributions). 40 of the 85 monthly individual indicators made positive Read more…
Those are the questions the market is asking and judging by the markets' response, it's moar of whatever hasn't worked til now. But, despite the desperate jawboning last last week, to rescue market expectations back from Williams' “academic” warnings, former fund manager and FX trader Richard Breslow notes that now Read more…
More than 140 technology and science companies have signed up to list on the new facility, which is run by the Shanghai Stock Exchange. More than 16 stocks were up 100%. By comparison, on the Star Market, there are no limits during a stock's first five days of trading. Though Read more…
However, we also have to assume: The couple never has children Never requires serious medical care (hopefully) Never considers buying a house Has no major life events, etc. Portfolio declines by $65,000 plus the $35,000 annual withdrawal increases the 6.5% decline to 10%.) Obviously, not accounting for volatility when planning Read more…