Today 3 months LIBOR touched 10 year High
The Global Dow Index is currently testing a very important support line. The MACD momentum indicator is also at a level where help arrived every time except for 2008, when the central banks underestimated the subprime crisis. via Nedbank
Dropping oil like it’s hot? Crude oil prices are dropping once again, with WTI falling below $50/bbl for the first time since Oct2017. This is a continuation of the bearish narrative over the last month, although stops seem to have triggered this test of $50, Citi says.
Wealth held by richest Indians rose close to 22% in 2017 compared with the previous year. Graphic: Bloomberg
Indian govt needs to start cutting expenditure to offset shortfall in revenue collection