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The market is at extreme risk of a ‘flash crash’ — here’s what could send it over the edge and trigger the next big meltdown

“Of course, there’s no guarantee that these factors will combine to cause the next major market crash” writes Joe Ciolli for businessinsider.com. BAML says a “violent” move in the dollar could catalyze a flash crash.Debt markets faced serious pressure as the bonds for market stalwart General Electric tumbled to record lows. Source: businessinsider.com Share This:

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Dispute arises among U.S. pilots on Boeing 737 MAX system linked to Lion Air crash

“But the United Airlines pilot leadership, in a sharp break with peers at the two other U.S. airlines flying the 737 MAX, pushed back against the criticism of Boeing” writes Seattle Times Aerospace for seattletimes.com. Insler said it’s premature to say anything about the cause of the Lion Air crash. “I don’t jump to conclusions,” he said. Source: seattletimes.com Share This:

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Crypto Markets News 

Crypto-mining crash leaves Nvidia with ‘excess’ inventory of Pascal cards

“Gaming revenue was short of our expectations, and our fourth quarter outlook is impacted by excess channel inventory of midrange Pascal products,” Nvidia said” reports pcgamer.com. Nvidia also noted a 23 percent reduction in OEM and IP revenue “due to the absence of crypto-currency mining.”. Life will go on for Nvidia, but like ripping off a Band-Aid, it is feeling some temporary pain from the GPU market bottoming out in the cryptocurrency sector. Source: pcgamer.com Share This:

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Hedge-fund boss who predicted ‘87 crash says get ready for some ‘really scary moments’

“The 64-year-old investor founded Tudor in 1980 and became known for trading everything from currencies to commodities” writes Mark Decambre for marketwatch.com. For a corporate debt perspective, a number of high-profile bonds have been in the news of late, including investment-grade debt issued by General Electric Co.In the past and during his talk in Greenwich, Jones said he believes that bonds and stocks are overvalued in an environment that had been underpinned by easy-money policies from central banks across the global.Paul Tudor Jones, a hedge-fund luminary, said he’s stress-testing his…

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Crypto News 

IBM Exec: CBDCs Can Alleviate Risks That Contributed to 2008 Financial Crash

“Stanley Yong, global lead for central bank digital currency (CBDC) solutions at IBM, has said that CBDCs can help to mitigate the risks that contributed to the 2008 financial crash” writes Marie Huillet for cointelegraph.com. Yong also spoke on his perspective of how to overcome the fragmentation of existing digital payment systems during an interview for CNBC’s Squawk Box Nov. 14.CBDCs, or national digital currencies, are virtual currencies that are issued and controlled by a federal regulator.CBDCs are not decentralized, like most cryptocurrencies — instead, they represent fiat money, only…

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Markets News Stocks 

An investing strategy that’s withstood the worst stock market crashes since the 1920s is on the verge of a comeback — here’s how you can profit from it

“It’s also uncertain whether (or by how much) value stocks will outperform the broader market in the next downturn” writes Akin Oyedele for businessinsider.com. Conventional wisdom suggests that value stocks work best during the early stages of an economic cycle.Long-suffering value investors could soon get the resurgence they have been waiting for.They sank with the broader market, went negative during 11 of the 24 episodes, and remained positive during 10 of them.It further holds that value stocks suffer during downturns as consumer demand falters. Source: businessinsider.com Share This:

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Lawyer: 4 victims of Ride the Ducks crash settle with company midtrial for $8.25 million

“The largest share of the partial settlement, $7 million, will go to the family of 18-year-old Indonesian student who was killed in the 2015 crash” writes Seattle Times Staff for seattletimes.com. A Seattle lawyer representing several victims of the fatal 2015 Ride the Ducks crash on the Aurora Bridge says four of the plaintiffs have settled their cases for a total $8.25 million in the middle of a civil trial ongoing in King County Superior Court. Source: seattletimes.com Share This:

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Bank will ‘vigorously’ defend DoJ lawsuit over financial crash

“The Swiss bank UBS has pledged to vigorously defend itself in a pending lawsuit by the US justice department, which has already clawed billions of dollars from lenders over the mis-selling of complex financial products that contributed to the 2008 financial crash” writes Fran Boait for theguardian.com. UBS is confident in its legal position and has been fully prepared for some time to defend itself in court,” the bank said.It comes hot on the heels of UBS’s $230m (£176m) settlement reached with the state of New York in March, following…

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Boeing and US regulator to issue advice on 737 Max jets – report

“The advice from the Federal Aviation Authority would be binding on all US carriers flying Boeing 737 Max 8 versions” writes Guardian Staff for theguardian.com. Boeing is planning to write to airlines using its 737 MAX jet about how to deal with erroneous cockpit readings that could cause the airliner to dive, according to reports.The Wall Street Journal reported that US aviation regulators also intended to issue safety warnings about potentially suspect flight-control software.It said the bulletin to airlines would alert pilots to follow existing procedures to address the issue. Source:…

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