World's Largest Leveraged ETF Halts Orders, Citing "Liquidity Constraints"
First The Bank of Jap an destroyed the Japanese bond market, and then, back in May we warned that The Bank of Japan had 'broken' the stock market. Now, it appears the all too obvious consequences of being the sole provider of buying power in an antirely false market are coming home to roost as Nomura reports the"temporary suspension" of new orders for 3 leveraged ETFs - the largest in the world - citing "liquidity of the underlying Nikkei 225 futures market."
Illinois To Delay Pension Payments Amid Budget Woes: "For All Intents And Purposes, We Are Out Of Money Now"
ILLINOIS WILL DELAY PENSION PAYMENT BECAUSE OF CASH SHORTAGE
"The Industrial Environment Is In A Recession - I Don't Care What Anybody Says!"
Fastenal CEO: "First off, the premise of the question, I would argue that anybody selling into the industrial market is not selling into a non-recessionary environment. The industrial environment is in a recession - I don't care what anybody says, because nobody knows that market better than we do. You know, we touch 250,000 active customers a month.
"A Generation In Crisis" - The World Needs 5 Million Jobs/Month To Stymie Youth Extremism
For over 3 years we have pointed out that the surging youth unemployment was Europe's (if not the world's) scariest chart, because the last thing Europe needs is adiscontented, disenfranchised, and devoid of hope youth roving the streets with nothing to do, easily susceptible to extremist and xenophobic tendencies: after all, it must be "someone's" fault that there are no job opportunities for anyone. Well, as Bloomberg reports, The World Bank has an unsettling message for young people around the globe: unless we create 5 million jobs a month, the situation is going to get worse.
A Third Of All Containers Shipped From Long Beach Port Are Empty
In September, the Port of Long Beach handled a near record 197,076 outbound empty boxes. "They accounted for nearly a third of all containers that moved through the port last month. September was the eighth straight month in which empty containers leaving Long Beach outnumbered those loaded with exports."