Facebook's Libra Will End In Tears

Beware any cryptocurrency offerings from a social media player.

The headlines will one day read:

"Facebook hacked, Libra stolen".

Schrödinger's GDP

Clear as mud:

ECB sees 2019 Eurozone GDP at 1.2%

Bundesbank sees 2019 German GDP at 0.6%

They both CANNOT be right.

— Martin Baccardax (@mdbaccardax) June 7, 2019

Take a Little Dip

Oh God no. "Allow young people to dip into pension pots to fund first home deposit, says Housing Secretary" https://t.co/6PY0qFGHRu via @Telegraph

— Duncan Robinson (@duncanrobinson) June 3, 2019

This will end in tears!

The Ghost of Corbyn Spooks Markets

Mad but encouraging press release from DeVere - £12bn fund manager... Corbyn's new pro-PV positon "spooks financial markets" because it makes Labour more likely to win... pic.twitter.com/DhgTe137eQ

— Paul Mason (@paulmasonnews) May 28, 2019

USA Declares War On Huawei

Chosun Ilbo reports that the U.S. State Department asked South Korea to "take part in the war against @Huawei," esp. asking LG U+ in particular to ultimately ban all Huawei products, citing unidentified diplomatic sources in Seoul. https://t.co/W4bVJrSkbg

— Jihye Lee 이지혜 (@TheJihyeLee) May 23, 2019

Deutsche Dumps Trump Right In It!

DEUTSCHE BANK SAYS IT WILL ABIDE BY COURT ORDER COMPELLING IT TO PROVIDE U.S. PRESIDENT DONALD TRUMP'S FINANCIAL RECORDS TO LAWMAKERS - RTRS

— Martin Baccardax (@mdbaccardax) May 22, 2019

British Steel Goes Bust

British Steel to enter insolvency, putting 5,000 UK jobs directly at risk and a further 20,000 in the supply chain https://t.co/qKh2DqzUEW

— BBC Breaking News (@BBCBreaking) May 22, 2019

Britain The New Bangladesh?

According to some "private equity executive" quoted in the FT, Britain (or at the very least London) will become the "new Bangladesh" under a post Brexit Corbyn government.

Not sure if he thinks that's a good or a bad thing?

Google Limits Use of OS On Huawei Phones

Google has limited the use of its Android operating system on Huawei phones in the latest blow to the Chinese firm.


The ban means that new Huawei phones will no longer be able to access certain apps, such as Google Maps and YouTube, and existing phones will not be able to update their Android operating systems.

China Takes Note!

MOFCOM: CHINA HAS NOTICED THE USTR PROPOSAL ON NEW TARIFFS

— Russian Market (@russian_market) May 16, 2019

Black Is Back!

The pardon of Conrad Black, a political ally and longtime associate of Mr. Trump’s, was the latest example of the president using one of the unilateral powers of his office to absolve a high-profile public figure whose case resonates with him personally https://t.co/njCUrSrbeM

— Annie Karni (@anniekarni) May 16, 2019

Huawei Today Gone Tomorrow!

Trump to ban Huawai this week - Report https://t.co/P31iqKUlit

— Russian Market (@russian_market) May 15, 2019

ONS Labour Market Overview, UK: May 2019

• The UK employment rate was estimated at 76.1%, higher than for a year earlier (75.6%) and the joint- highest figure on record.
• The UK unemployment rate was estimated at 3.8%; it has not been lower since October to December 1974.
• The UK economic inactivity rate was estimated at 20.8%, lower than for a year earlier (21.1%) and close to a record low.
• Excluding bonuses, average weekly earnings for employees in Great Britain were estimated to have increased by 3.3%, before adjusting for inflation, and by 1.5%, after adjusting for inflation, compared with a year earlier.
• Including bonuses, average weekly earnings for employees in Great Britain were estimated to have increased by 3.2%, before adjusting for inflation, and by 1.3%, after adjusting for inflation, compared with a year earlier.

Source ONS

Despite Brexit and a truly awful government!

China USA Trade Talks Hit a Wall

China backtracked on almost everythinghttps://t.co/1w1wa3g77T pic.twitter.com/XBOpcOe0SI

— Jonathan Ferro (@FerroTV) May 8, 2019

Trump and Co Sue Deutsche Bank and Capital One

NEWS: The president, his kids and the Trump Org sue Deustsche Bank and Capital One to prevent them from responding to congressional subpoenas, according to papers filed today.

— Maggie Haberman (@maggieNYT) April 30, 2019