Category: US / Canada

Canada Loses Its AAA Rating
24. 6. 2020 No Responses

Canada Loses Its AAA Rating

So actually CanadAA+, Fitch Ratings has downgraded Canada’s Long-Term Foreign Currency Issuer Default Rating (IDR) to AA+ from AAA (outlook stable) citing the deterioration of Canada’s public finances resulting from the pandemic. FX markets chewed the headline and extended the losses on...
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Investor Legend Jeremy Grantham Is “Amazed” At This Unprecedented Stock Bubble
19. 6. 2020 No Responses

Investor Legend Jeremy Grantham Is “Amazed” At This Unprecedented Stock Bubble

The generally cheerful investing icon Jeremy Grantham unleashed fire and brimstone, taking his $7.5 Billion portfolio to a net short position for the first time since the Global financial crisis, and summarizing his dire assessment of the current unprecedented...
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Boeing: More 737 MAXs canceled and no passenger jets delivered
18. 6. 2020 No Responses

Boeing: More 737 MAXs canceled and no passenger jets delivered

The devastating airline downturn effectively paralyzed Boeing’s passenger jet business in May. For the month, Boeing delivered a paltry four military airplanes, not one of those a passenger jet, and only took in new orders for a net gain of...
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The FED Has Monetized All Treasury Issuance In 2020
15. 6. 2020 No Responses

The FED Has Monetized All Treasury Issuance In 2020

There is no more controversial entity in the US, more inflammatory yet out of the spotlight of public outrage, than the Federal Reserve: it is the FED’s actions over the past 108 years – and especially over the past decade...
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El-Erian Warns: Bad Things Happen When Markets Front-Run The Economy
12. 6. 2020 No Responses

El-Erian Warns: Bad Things Happen When Markets Front-Run The Economy

Governments need to ensure durable growth that benefits more than the well-off in society. For most of the last 15 years, the US economy has relied on a mix of public and private finance to liquefy financial markets, boost asset prices...
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Euphoria Hits Dot Com Insanity High
8. 6. 2020 No Responses

Euphoria Hits Dot Com Insanity High

Less than three months after markets were gripped by a historic bout of panic, dumping everything – bonds, stocks, gold, bitcoin – in a liquidation frenzy, euphoria on Wall Street is back to levels not seen since the dot com bubble...
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Kratos XQ-58A Valkyrie as a potential platform to carry the Skyborg system
3. 6. 2020 No Responses

Kratos XQ-58A Valkyrie as a potential platform to carry the Skyborg system

The U.S. Air Force has issued a broad agency announcement to seek technical proposals for a potential $400M program that aims to advance prototyping and experimentation work on Skyborg unmanned air vehicles. A notice last week says the Skyborg Prototyping,...
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Boeing Sees No Recovery In Air Travel For Years
27. 5. 2020 No Responses

Boeing Sees No Recovery In Air Travel For Years

Boeing CEO Dave Calhoun has just released an update on this week’s layoffs. He said involuntary layoffs have begun, a total of 6,770 US workers will be cut this week, adding that work reduction programs have already gone into effect for the company&...
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JP Morgan warns: Transparent Currencies Could Threaten US Geopolitical Power
22. 5. 2020 No Responses

JP Morgan warns: Transparent Currencies Could Threaten US Geopolitical Power

JPMorgan’s head of of U.S. interest-rate derivatives strategy Josh Younger and chief U.S. economist Michael Feroli – wrote: “This revolves primarily around U.S. dollar hegemony. Issuing the global reserve currency and the medium of exchange for inte...
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Morgan Stanley Is The Fifth Of Six Major U.S. Banks To Refuse To Finance Oil Drilling In Arctic
21. 5. 2020 No Responses

Morgan Stanley Is The Fifth Of Six Major U.S. Banks To Refuse To Finance Oil Drilling In Arctic

After nine years, the U.S. banks finally know the reason. Morgan Stanley the fifth of six major U.S. banks to announce that they would not fund any future oil drilling in Arctic refuges, bringing the total list of major Arctic drilling divesters...
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United Airlines Needs 3,000 Of Its 25,000 Flight Attendants
17. 5. 2020 No Responses

United Airlines Needs 3,000 Of Its 25,000 Flight Attendants

Nothing paints a better picture of how bad things have gotten for the airline industry – and for its working class – than the fact that United Airlines is barely using over 10 percent of its flight attendant staff. The...
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BlackRock Begins Buying Junk Bond ETFs For The FED Today
13. 5. 2020 No Responses

BlackRock Begins Buying Junk Bond ETFs For The FED Today

BlackRock begins buying junk bond ETFs for the FED today and it’s already at work for the Central Bank of Israel. It’s off to the races today for BlackRock. The New York Fed, with authority from the Federal Reserve Board...
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About The Future of U.S. Shale
12. 5. 2020 No Responses

About The Future of U.S. Shale

A number of analysts is actually talking such hot theme – How U.S. shale can survive the oil crash? The question regarding whether we have reached peak oil demand is a pressing concern for U.S. upstream activity. U.S. tight oil’s current...
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Class 8 Heavy Duty Truck Orders Crash To 25 Year Low In April
8. 5. 2020 No Responses

Class 8 Heavy Duty Truck Orders Crash To 25 Year Low In April

The catastrophe in Class 8 heavy duty truck orders continues. Still struggling with the remnants of an order backlog that started almost two years ago with record orders in August 2018, the industry was unable to find an equilibrium prior...
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FCA posts $1.9 Billion loss in Q1
6. 5. 2020 No Responses

FCA posts $1.9 Billion loss in Q1

Fiat Chrysler Automobiles lost $1.9 billion (1.7 billion euros) in the first three months of 2020 as the Italian-American automaker felt the initial financial sting of the coronavirus pandemic. Despite the loss, the company said it had revenues of $22 billi...
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