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    Hacked in Just Six Seconds
Dec 2, 2016 - 10:25:03 PST
Criminals can work out the card number, expiry date and security code for a Visa debit or credit card in as little as six seconds using guesswork, researchers have found.
    What Does Trump Mean for Investments?
December 2, 2016
 The market reaction to Trump's election victory—stocks and the dollar up, gold down—was the opposite of what had been widely foreseen. Money manager Adrian Day takes a look into what […]
    Government Bond & Mortgage "Meltdown" Crushes NIRP
Dec 2, 2016 - 07:33:04 PST
according to Bloomberg, “the deepest slump since the gauge’s inception in 1990.”
Let’s see if this is a real burst of optimism …What has happened since November 8th? Here is the reaction in the yield curve. Nearly a 60 basis point increase at the 7y and 10y tenors. Dollar swaps? Over a 40 basis…
Jump By 446,000 In One Month, there are now over 102.5 million Americans who are either unemployment or no longer looking for work.
The divergence is even uglier when looking at the non-seasonally adjusted jobs, i.e., real change: here we see a drop of 628,000 full-time jobs in November, offset by a surge in 678,000 part-time, mostly retail jobs.
The economic and social mess that Modi has created is unprecedented. It will go down in history as an epitome of naivety and arrogance. People’s money in banks is frozen […]
    Asia Gold-China Premiums Hold Near 3-Yr High
Dec 2, 2016 - 06:57:11 PST
* China curbing gold imports in bid to limit yuan outflow-traders* China gold premium at $24/oz this week vs $30 last week* Despite wedding
    Want Groceries in Venezuela? First Stop at Six ATMs
Dec 2, 2016 - 06:33:40 PST
Biggest bolivar note worth two U.S. cents on the black market. So desperate for cash, people queue in hope at empty machines
The government has been fighting on a number of fronts to slow the tide of cash outflows. It has ratcheted up capital controls to limit investments in financial markets abroad.
They’re burdened with a mountain of bad loans. Their stocks have cratered. And they have to operate in an economy prone to recession and political upheaval.
Switzerland’s economy failed to grow for the first time in more than a year in the third quarter, held back by weak domestic demand and the first fall in government spending since early 2014.
French President François Hollande said on Thursday he would not seek re-election next year, bowing to historically low approval ratings after a troubled term in power.
The dollar fell and Treasuries extended gains after U.S. jobs data showed wages unexpectedly declined, while stocks and commodities stayed lower, easing concern about inflationary pressures.
Harvard Professor of Economics Ken Rogoff examines India Prime Minister Narendra Modi's handling of the nation's currency crisis.
....they have lifted 280 tonnes of new currency to different corners of the country.
    Trade Snoops Morning Call 12.2.16
Dec 2, 2016 - 05:55:23 PST
The rotation out of tech continues as many of the high valuation names get smoked. Non-farm payrolls were reported this morning and they continue to decline on a rate of change basis.
But Average Hourly Earnings Slide
(Break-even Rate Rises Above 2%). The US Treasury 10 year- 2 year yield curve slope surged to its highest level since December 7, 2015. The yield spread between 10-year U.S. Treasury bonds and similar-maturity Treasury Inflation Protected Securities, or TIPS, climbed above 2 percentage points Thursday for the first time since 2014. Known as the break-even rate, the measure reflects…
“An investor should move to cash and cash alternatives"