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Archive Monthly Archives: August 2018

Is Tunisia The Next Emerging Market To Implode?

Authored by John Rubino via DollarCollapse.com, Seems like every few days a new developing country discovers that it can’t pay back the dollars and/or euros it borrowed back when “external foreign currency debt” seemed like a good thing. Next up: Tunisia, apparently. From today’s Wall Street Journal: Nation That Sparked Arab Spring Finds Itself a […]

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"What I Learned From Sitting In The Trading Room With Steve Cohen"

Submitted by Nicholas Colas of DataTrek Research Never short a new high or buy a new low. I learned that sitting in the trading room with Stevie Cohen at the old SAC Capital, although it is not something I recall him ever actually saying. The sentiment does, however, capture the sense of the room’s general […]

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Europe Sells 1 Million EV/Hybrids, Norway Leads The Pack

Authored by Tsvetana Paraskova via Oilprice.com, Sales of battery electric vehicles and plug-in hybrids in Europe jumped by 42 percent annually in the first half of 2018, hitting the 1-million milestone, with the plug-in share of the European light vehicle market at 2 percent, data compiled by sales database and analytics firm EV-Volumes showed. The sales of battery electric […]

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Markets Tread Water Ahead Of Looming Deadline For Canada To Reach Nafta Deal

Continuing the early morning trend seen in recent days, US equity futures are little changed, following muted and lackluster European and Asian sessions, as investors treaded water on several outstanding trade issues, including Friday’s deadline for Canada to reach a deal to renew the Nafta deal, optimism over the U.S.-Mexico trade deal fading and a […]

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Turkish Lira Tumbles As Central Bank Intervention Fails

The Turkey’s lira tumbled as much as 3% against the dollar, making it the worst performing currency in the world, and extending its slump to a third day after the central bank announced it double banks’ borrowing limit for overnight transactions at the interbank money market – effectively tightening liquidity by ending the unrestricted funding […]

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In English Town, 31 Muslims Charged With Sex Crimes Against Kids As Young As 12

Authored by Jon Hall via Free Market Shooter blog, Thirty men and one woman have been charged with sexual crimes in Huddersfield, England – including the trafficking and rape of girls as young as 12-years-old, along with the facilitating of sexual abuse. Detectives detailed that the alleged offenses took place in the town from 2005 and 2012 against five girls, who were […]

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"Canada Just Got Played": How Mexico Stabbed Canada In The Back

In what was the biggest economic news of the day, Donald Trump concluded bilateral trade negotiations with Mexico, a deal which he called the US-Mexico Trade Agreement (profiled previously) and which will replace the trilateral NAFTA which has – for now at least – been scrapped until Canada also comes to the negotiating table and […]

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Meadows: "We've Learned NEW Information" Suggesting FBI/DOJ Leaked To Press, Used Articles To Obtain FISA Warrants

Freedom Caucus Chairman Mark Meadows (R-NC) dropped a late-night bombshell on Monday suggesting there’s evidence that the FBI and DOJ rigged their own FISA spy warrants by leaking information to the press, then using the resultant articles to obtain court authorization to surveil targets.  “We’ve learned NEW information suggesting our suspicions are true: FBI/DOJ have previously leaked […]

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S&P Above 2,900, Global Stocks Hit 6 Month High As Dollar Slide Accelerates

US index futures rose higher into record territory rising above 2,900, as European stocks pared muted gains after the EURUSD rose above 1.17, pressuring exporters, while Asian shares were broadly higher with the exception of China; but the key theme of the session was another day of USD weakness. World stocks rose to a six-month […]

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BIS Warns Of "Perfect Storm" For Global Economy

To those hoping for a quick resolution to the US-China trade war, Axios had some bad news earlier today, reporting that the trade feud is “likely to last much longer than originally thought — extending well into the second half of next year and perhaps beyond, experts say.” According to Axios, the main reason for […]

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