1. What Might Ignite Global Contagion?
One question is whether central banks and governments in emerging
markets are moving fast enough to staunch the exodus of foreign capital
out of their economies. It’s still an open debate whether emergency
efforts by central banks in Brazil, India, South Africa and Turkey to
tame inflation without slashing growth are too late or just in time. The IIF points to India and Thailand as the two models that may determine the fate of many emerging markets.
2. Stock-Bond Relationship "Normalizes"
Whatever "normal" means nowadays. "markets began returning to more normal correlations, driven not by
expectations of continued quantitative easing, but by the economic
3. Trade Gap Narrowed in 2013 as US Fuel Exports Climbed
The gap narrowed
to $471.5 billion last year, the lowest since 2009, from $534.7 billion
in 2012, figures from the Commerce Department showed today in
Washington. The balance on petroleum products shrank 20.2 percent, also the biggest decline in four years.
4. The U.S. spends more on its military than the next 10 countries combined
5. Today's Massive Set of Balls
The Pentagon used music from the band Skinny Puppy to torture detainees. Now, Skinny Puppy has sent the Pentagon an invoice for $660,000! Hey, we know they have the money.