Argentine Bank To Use Bitcoin For Cross-Border Transactions

May has not been a good month for Emerging Markets in general, but perhaps none (other than Turkey now) were hit harder than Argentina which raised rates to an astonishing 40% in an effort to defend massive capital flight and the crash in its currency…

Trump’s Big Defense-Spending Plans Still Aren’t Enough For This Beltway Think Tank

Authored by Ryan McMaken via The Mises Institute, Earlier this month, SIPRI (Stockholm International Peace Research Institute) which monitors global military spending, released its latest report. To no one’s surprise, the US topped the list, with more spending than the next seven biggest spenders combined. …

Why The Soaring Dollar Will Lead To An “Explosive” Market Repricing: A Flow Chart

Something curious took place one month ago when the PBOC announced on April 17 that it would cut the reserve requirement ratio (RRR) by 1% to ease financial conditions: it broke what until then had been a rangebound market for both the US Dollar and…

This Is How The “Oil Price Shock” Will Hurt The US Economy

One month ago, when looking at the sharp spike in oil and gasoline prices (which at the time averaged $2.73), we said that the surge in energy costs  – largely the result of geopolitical risk emanating from Iran for which Trump was been responsible –…

China’s First Domestically-Built Aircraft Carrier Begins Sea-Trials

It is all coming together, and the United States should be terrified. Late last month, we suggested that Beijing’s first domestically built aircraft carrier would begin sea trials “imminently.” Pictures and video from Dalian Shipbuilding Industry Company, located in Dalian, Liaoning province, China, the largest shipbuilding company in the…

Tesla’s Top Engineer Takes “Leave Of Absence” At Critical Moment

A little over a month after Elon Musk confirmed on Twitter that he has taken over direct control of the division that’s in charge of the production-challenged Tesla Model 3 (one day after cracking April Fools’ jokes about Tesla filing for bankruptcy) replacing Doug Field,…

Congress Releases All 3,500 “Russian” Facebook Ads

It has been more than a month since Republicans on the House Intel Committee officially ended the probe into alleged Russian interference in the 2016 election, and roughly a week since they released an unredacted version of their investigative report that revealed more lies told…

China Unveiling Next-Generation Stealth Bomber

Earlier this month, the magazine cover for Chinese aerospace magazine Aviation Knowledge highlighted an artist’s rendition of the next-generation strategic stealth bomber Xian H-20, which Beijing is currently developing. According to The Diplomat, a small number of English-language newspapers in the region have commented on this secret…

Here Are The Countries That Buy Iran’s Oil, And What They May Do Next

With Trump having started the 6 month process of pulling out from the Iranian nuclear deal (or rather as Steven Mnuchin admitted, Trump’s true intention is merely renegotiating the existing deal and “entering a new agreement”) the biggest concern among traders and analysts is what…

Job Openings Soar By 472,000 To All Time High 6.6 Million

One month after the number of US job openings reported by the JOLTS unexpectedly tumbled by 176,000 led by food service and construction workers, all it took was a month of revised data to set the seasonally-adjusted, statistically inferred US labor market back on track,…