Stock market crash/slump ?
Assets Have Tanked at Two of the World’s Biggest Short Sellers
Giant VIX Options Trades Bet That Stock-Market Calm Won’t Last
By Elena Popina and Edward Bolingbroke
9 April 2021, 05:13 GMT+10
Trader appears to buy about 200,000 contracts via block trades
Trade happened as VIX Index hovered near a one-year low of 17
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As calm descends on a U.S. stock market that’s posting one record after the next, it appears that one options trader is making a big bet that the serenity is not going to last.
will the contrarian get the gravy ??
records are fine but where is the underlying growth YoY is a trap shortly after a disaster year .
Opinion | False Prosperity
lifted from another site
but touches on some relevant issues from a different point of view
U.K. Announces Investigation of Greensill as Former Prime Minister’s Lobbying Efforts Raise Concerns
nothing to see here , folks ( WINK )
Facebook to launch Australian news service
maybe 3 years ago , but would such a move now be a company killer , several news rivals , might start actively monitoring ( and reporting on ) FB activities .
maybe REAL journalism will return to mainstream ( but i doubt it )
US budget deficit rises to record $2.2trn for half year
Apr 13, 2021 – 5.45am
Washington | The US federal budget deficit more than doubled to a record in the first half of the fiscal year amid a fresh wave of stimulus payments to cushion Americans from the persistent coronavirus pandemic.
The deficit last month was $US659.6 billion ($866 billion), the third-largest on record and biggest since last June, swelling the total from October to March to $US1.71 trillion, according to a Treasury Department report on Monday (Tuesday AEST). The six-month total compares with $US743.5 billion in the prior-year period.
Total spending in the first half of the fiscal year was $US3.41 trillion, double the level of revenue. Bloomberg
In March 2020, the deficit was $US119 billion, which didn’t reflect the first wave of payments in the Cares Act approved late that month.
The March 2021 outlays included $US339 billion in the direct pandemic-relief payments -- of up to $US1400 per person -- authorised under the $US1.9 trillion American Rescue Plan bill passed last month.
With additional payments in train, that law will widen the fiscal gap by more than $US1 trillion this year and over half a trillion in fiscal 2022, according to the Congressional Budget Office.
While fiscal hawks worry that the deficit-fuelled spending will boost inflation and make the US less desirable for investors, sentiment in Washington has shifted, with diminished worries relative to decades past. Interest rates have remained low globally for decades, offering more room for government spending.
Even so, in a nod to long-term deficit worries, the President’s proposed $US2.25 trillion infrastructure-and-jobs package includes a hike in the corporate-tax rate, and a planned wave of new social spending is likely to include higher levies on wealthy individuals.
US political battle lines form on Biden global tax plan
Biden is asking Congress to spend $US14 billion more on climate programs across the US government, with some $US10 billion targeted to clean energy innovation.
Biden proposes boost to health, education in budget ask
Total spending in the first half of the fiscal year was $US3.41 trillion, double the level of revenue. A year ago, spending over six months reached $US2.35 trillion against receipts of $US1.6 trillion.
For March, outlays totalled $US927.2 billion, up from $US355.8 billion a year earlier. Revenue rose less dramatically, to $US267.6 billion from $US236.8 billion.
Two trillion is specualted to be about the value of the illegal marijuana market annually in America ??? The failed drug war that Biden and and other tax dollar reliant prohabitionists are all about is sacrificing American kids to become victims of organised crime while they make sure that America goes broke . Every nation on earth that supports Americas failed drug war policies are all broke and in trillions of dollars debt .
the war hasn't failed yet , watch them add poisons to the cannabis to allow it to become 'medicinal ' ( like they did with tobacco and opium )
China Huarong’s Worsening Bond Rout Stokes Market Contagion
yes possible contagion would be very scary ( to debt-burdened companies hoping to refinance )
If the Chinese and American economies do crash the likely hood of a nuclear war will increase overnight , what everybody fears is the least of their worries take your pick Iisraeli attacks on Iran nuclear facilities Yemini attacks on Saudi oil infustructure an invasion of Taiwan or war in Korea there are dozens of flashpoints around the world that could easily lead to the catastrophic collapse of civilisation. .