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China Vows Retaliation With “Same Scale, Intensity” To Any New US Tariffs
China Vows Retaliation With “Same Scale, Intensity” To Any New US Tariffs Trump’s aggressive trade war overtures and China’s initial retaliatory moves have spooked Wall Street over the past week and again on Monday, which helped drive down the Dow Jones by 459 points, with the Nasdaq Composite quickly approaching correction territory. And as the mass […]
Subprime Auto Bubble Bursts As “Buyers Are Suddenly Missing From Showrooms”
Subprime Auto Bubble Bursts As “Buyers Are Suddenly Missing From Showrooms” It was less than a month ago when we showed a series of “10 charts revealing an auto bubble on the brink“, and which laid out several very troubling trends, including i) the average new vehicle loan hit a record high $31,099; ii) the […]
Michigan Activates Emergency Ops Ahead Of Chinese Space Station Crash
Michigan Activates Emergency Ops Ahead Of Chinese Space Station Crash With China’s Tiangong-1 space station (translated as “Heavenly Palace”) full of highly toxic chemicals such as hydrazine, set to crash into the earth at a still unknown location some time today, Michigan isn’t taking any chances. As a reminder, several weeks ago Aerospace.org predicted that […]
In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars
In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took […]
How Many Trillions In Debt Are Linked To Soaring LIBOR?
How Many Trillions In Debt Are Linked To Soaring LIBOR? Over the past month as Libor continued its relentless upward creep and is now higher for 37 consecutive sessions, the longest streak of advances since November 2005, and rising to 2.3118% while blowing out the Libor-OIS spread to a crisis-like 59bps, a cottage industry has […]
Russian Ambassador Speaks Out: “Relations With The US Are The Worst I Can Remember”
Russian Ambassador Speaks Out: “Relations With The US Are The Worst I Can Remember” The Russian ambassador to the United States, Anatoly Antonov, told NBC’s Today that he can’t remember a period when relations between Washington and Moscow were worse, after both countries expelled dozens of each other’s diplomats following the poisoning of a former Russian […]
Theresa May Reportedly Considering Ban On Russian Sovereign Debt Sales
Theresa May Reportedly Considering Ban On Russian Sovereign Debt Sales Echoing the Treasury Department’s decision to prohibit trading in Venezuelan “hunger bonds” in US markets, UK Prime Minister Theresa May is mulling whether to throw her support behind a measure that would ban the sale of Russian sovereign debt in City of London financial markets. […]
Israel Deploys Tear-Gas Drones On Gaza Protesters
Israel Deploys Tear-Gas Drones On Gaza Protesters Just last week, we highlighted dramatic new footage showing Israeli forces using a weaponized unmanned aerial vehicle (UAV) against a Hamas rally in the Gaza Strip, according to the Times of Israel. The UAV is seen flying through the skies above hundreds of protestors, while operators of the aircraft […]
U.S. Tourists Will Be Required To Turn Over Their Social Media History
U.S. Tourists Will Be Required To Turn Over Their Social Media History The State Department will unveil new rules on Friday requiring most visitors or immigrants to the United States to turn over their recent social media histories, in accordance with one of President Trump’s key national security enhancements contained in his “extreme vetting” executive […]
Russia Warns West Risks “Hot War” After Mass Expulsion Of Diplomats
Russia Warns West Risks “Hot War” After Mass Expulsion Of Diplomats After a legion of western nations announced this week that they would expel Russian diplomats in solidarity with the UK, one Russian ambassador warned during an impromptu unscripted speech that, by hastily blaming Moscow for the poisoning of a former Russian spy at a […]
Macquarie: “This Is The End Of The Liberal Order… But At Least No Wars Yet”
Macquarie: “This Is The End Of The Liberal Order… But At Least No Wars Yet” One week after Council on Foreign Relations president Richard Haass wrote an op-ed in which he waved farewell to the world he helped create, saying “Goodbye, Liberal World Order.” Then overnight, one of Wall Street’s most original, if underappreciated analysts, […]
CDC: Second Wave Of “B-Strain” Influenza Has Begun, “More Severe For Younger Children”
CDC: Second Wave Of “B-Strain” Influenza Has Begun, “More Severe For Younger Children” Despite the flu season finally winding down and overall cases declining, the CDC reports that infections of the less common “Influenza B” strain are on the rise, surpassing “Influenza A” in their most recent weekly Influenza Surveillance Report. This season’s strains are a […]
War Preparations: Leaked Images Allegedly Show US Military Tanks Arriving In Jordan
War Preparations: Leaked Images Allegedly Show US Military Tanks Arriving In Jordan Syrian government forces have now secured most of the eastern Ghouta enclave, the last remaining rebel-held area near Damascus, the capital and the largest city of the Syrian Arab Republic. With Syrian forces nearing full control of the war-torn region, U.S. Ambassador to the United […]
Russia Vows Imminent Response: “The US Only Understands Force”
Russia Vows Imminent Response: “The US Only Understands Force” Update: RIA Novosti reports an unnamed foreign ministry official protested the decision by EU, NATO nations to expel envoys, and confirmed that Russia will respond to each country expelling diplomats, warning that the “expulsions won’t go unanswered.” “Unfriendly” action won’t be left unanswered. U.K.’s allies are […]
PetroYuan Futures Open – Over 10 BillIon Notional Trades In First Hour
PetroYuan Futures Open – Over 10 BillIon Notional Trades In First Hour After all the preparation, all the expectation, cheerleading and doomsaying, China’s Yuan-denominated crude oil futures contract began trading tonight and appears to be off a good start with well over 10 billion yuan notional traded within the first hour. So far it has […]
