Global Intelligence
Following the default of 2 more corporations last night, Hang Seng’s index of China Enterprises plunged to 8-month lows and officially entered bear market territory. Overnight angst in the Chinese currency markets (which saw the Yuan trade back to 1-year lows) has sparked broad commodity weakness (as CCFD unwinds en masse) with copper giving back most of yesterday’s […]
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The senior lawyer for the National Security Agency stated unequivocally on Wednesday that US technology companies were fully aware of the surveillance agency’s widespread collection of data, contradicting months of angry denials from the firms. Rajesh De, the NSA general counsel, said all communications content and associated metadata harvested by the NSA under a 2008 […]
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GIH: As it turns out, tech giants were in fact working with the NSA to collect user data electronically. They have vehemently denied this. It seemed to make more sense, that NSA had worked with them, compared to NSA being able to hack on multiple levels their systems. Although the NSA has developed many technologies […]
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With the story of the day undoubtedly Yellen’s first (bungled) press conference, it was easy to forget that the second coming of the Cold War is raging in the Ukraine. For those curious what they may have missed, here is a summary of the major events that took place in the troubled country this afternoon. […]
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Submitted by Tim Staermose of Sovereign Man blog [8], Forget tapering. Forget Ukraine. The largest single risk to the world economy and financial markets right now is China. What’s going on in China reminds me a lot of what I witnessed firsthand when I lived in South Korea in the 1990s, before that economy’s crash in 1998. […]
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By George Friedman The fall of the Ukrainian government and its replacement with one that appears to be oriented toward the West represents a major defeat for the Russian Federation. After the collapse of the Soviet Union, Russia accepted the reality that the former Eastern European satellite states would be absorbed into the Western economic and political systems. Moscow […]
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Something hilarious, and at the same time pathetic, happened earlier today: at precisely 9 am the US Treasury released its delayed Treasury International Capital data (which was supposed to be released yesterday but was delayed because it snowed) which disclosed all the latest foreign Treasury holdings for the month of January. Among the key numbers […]
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GIH: New York now taking steps against “HFT” High Frequency Trading. If so called “High Frequency Trading” is not the best that capitalism can offer – than what is? On the surface, they are attacking firms that have a so called ‘preferred’ access to information. But trading by nature is information warfare. Do the policies […]
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GIH: Corporate insider activity is always a good indicator of market sentiment; now insiders are most bearish in 24 years. The implication is that they have a pulse on the market, their own internal operations, and high quality information from their partners. Just last week Goldman noted that February was “the busiest month in the buyback desk’s […]
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GIH: The SEC is dealing with a new generation of digital ‘boiler rooms’ – email lists & forums that present misleading information to lure investors. “AwesomePennyStocks” was apparently one of the largest such newsletters, promoting otherwise worthless companies many times dumping their own shares as the price rise. Sadly, many clients don’t bother to do […]
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