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Trump-Putin Summit To Take Place On July 16 In Helsinki
Trump-Putin Summit To Take Place On July 16 In Helsinki Update: And now we know the date: TRUMP-PUTIN SUMMIT TO BE ON JULY 16 IN HELSINKI, U.S. SAYS Here is the official statement: * * * Fox News Chief White House Correspondent John Roberts reported early Thursday morning that the White House and the Kremlin […]
China Has Quietly Implemented A 6% Across The Board ‘Tariff’ On All US Imports
China Has Quietly Implemented A 6% Across The Board ‘Tariff’ On All US Imports Trump and Xi have spent much of the last few weeks tossing tariff grenades across the Pacific Ocean as retaliatory retaliations grow ever stronger in rhetoric and potential escalations. Then this week, Trump seemed to back away from his most serious […]
China Using Bird Drones To Spy On Border Muslims
China Using Bird Drones To Spy On Border Muslims Over 30 Chinese military and government agencies have been using robotic bird drones to spy on the population – particularly in the Xinjiang Uygur autonomous region which borders several countries and has a large Muslim population, reports the South China Morning Post. One part of the country […]
Leaked Note By Chinese Think Tank Warns Of Potential “Financial Panic”
Leaked Note By Chinese Think Tank Warns Of Potential “Financial Panic” It’s not just Trump who is concerned about the level of the S&P as a result of escalating trade war with China: it appears that China is growing worried as well, and for good reason – as we noted earlier, the Shanghai Composite already […]
Why Did James Comey Issue “Stand Down” Order On Imminent Deal With Julian Assange?
Why Did James Comey Issue “Stand Down” Order On Imminent Deal With Julian Assange? A “stand down” order given by James Comey to kill an imminent deal between the US Government and Julian Assange preceded the largest leak in CIA history, known as “Vault 7,” reports John Solomon of The Hill. Assange was willing to redact […]
Europe Warns Of An Upcoming “Trade Apocalypse”
Europe Warns Of An Upcoming “Trade Apocalypse” As European officials struggle to do everything they can to save the WTO, which appears headed for an all-but-certain demise thanks to President Trump’s aggressive trade policies, EU leaders have apparently circulated an “internal memo” drafted by the European Commission that accuses the US of deliberately instigating the […]
Global Stocks Dive On Fears Of “Irreversible” Trade War; Italian Bonds, Turkish Lira Tumble
Global Stocks Dive On Fears Of “Irreversible” Trade War; Italian Bonds, Turkish Lira Tumble Bulletin Headline Summary from RanSquawk: Trump is said to be planning new restrictions on tech exports to China PBoC says they are to cut the re-lending rate for SME loans by 50bps, following the RRR cut over the weekend Looking ahead, […]
BIS Confirms Banks Use “Lehman-Style Trick” To Disguise Debt, Engage In “Window Dressing”
BIS Confirms Banks Use “Lehman-Style Trick” To Disguise Debt, Engage In “Window Dressing” Several years ago we showed how the Fed’s then-new Reverse Repo operation had quickly transformed into nothing more than a quarter-end “window dressing” operation for major banks, seeking to make their balance sheets appear healthier and more stable for regulatory purposes. As […]
China Cuts Reserve Ratio, Unlocks 700BN Yuan Amid Rising Trade War, Mass Defaults And Margin Calls
China Cuts Reserve Ratio, Unlocks 700BN Yuan Amid Rising Trade War, Mass Defaults And Margin Calls As widely expected, China’s central bank announced it would cut the Required Reserve Ratio (RRR) for some banks by 0.5% effective July 5, just over two months after the PBOC did a similar cut on April 17, the first […]
OPEC “Deal” Ends With Output Confusion, Sets Stage For “Deal Unraveling”
OPEC “Deal” Ends With Output Confusion, Sets Stage For “Deal Unraveling” Just 24 hours after OPEC appeared on the edge of splintering, Iran seemed to cave and in a deal that was described as a victory for everyone, OPEC member states and Russia provided a vague assurance they would boost output by striving to return […]
Jordan Sends Tanks To Border Amidst Syrian Army Advance
Jordan Sends Tanks To Border Amidst Syrian Army Advance Images surfaced overnight Thursday of a large Jordanian military convoy reportedly headed to the border near the Syrian province of Daraa, including M-60 battle tanks and heavy military equipment. This as German Chancellor Angela Merkel met with Jordan’s King Abdullah in Amman on Thursday, telling him, “You […]
Loonie Tumbles After Ugly Canadian Data: Worst Toronto Retail Sales In 3 Years
Loonie Tumbles After Ugly Canadian Data: Worst Toronto Retail Sales In 3 Years The synchronized economic slowdown has hit again, this time striking America’s latest trade war opponent, Canada, which moments ago reported some very ugly inflation and retail sales data. First, on the inflation front, Canadian CPI rose just 2.2% in May from 2.1% […]
We Have A Deal: OPEC Agrees In Principle To A “Real” Production Increase Of 600,000 Barrels/Day
We Have A Deal: OPEC Agrees In Principle To A “Real” Production Increase Of 600,000 Barrels/Day What was expected to be a drawn-out affair, with Iran potentially resisting and even leading to the collapse of the cartel, moments ago OPEC reached a deal in principle to raise oil production by 1 million b/d on paper, […]
Water Wars: India Facing “Worst Crisis In Its History”
Water Wars: India Facing “Worst Crisis In Its History” India is facing its worst-ever water crisis, with some 600 million people facing acute water shortage, a government think-tank says. The Niti Aayog report, which draws on data from 24 of India’s 29 states, says the crisis is “only going to get worse” in the years […]
