Dow Futures Over 23,000: Dollar, Global Stocks Jump As China Congress Begins

World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China’s 19th Communist Party Congress opened while focus in Europe turned to speeches from top euro zone central bankers before next week’s key policy meeting, as well as Catalonia's ultimatum due on Thursday.

Xi Jinping's Speech: "Housing Is For Living Rather Than Speculation"

Xi Jinping delivered a three and a half-hour speech at the opening of China’s 19th Party Congress, the once in five years mega-Communist Party gathering, to herald a ‘new era’ of power, consolidating his position as perhaps the most influential Chinese leader in decades. While he did lay out  guidelines to develop China in this ‘new era’, bottom line: Heavy in superlatives, light on specifics.

"If Catalonia Fails, We All Fail..."

"If you think you’ve seen enough, brace yourselves because it may get far more chaotic in the days ahead...The road may be a long one, but invoking Article 155 will mark the beginning of the end for’ll be the equivalent of a political nuclear bomb going off in Europe."

The Countries Most (& Least) Satisfied With 'Democracy'

Across the globe, people are generally unhappy with the functionality of their political systems, though levels of satisfaction with democracy vary hugely between countries... People in India have tremendous faith in democracy... In many other developed countries, however, faith is waning.

Carney Reveals Europe's Potential Achilles Heel in Brexit Talks

Calling into question the continuity of tens of thousands of derivative contracts, Carney stated that it was “pretty clear they will no longer be valid”, that this “could only be solved by both sides” and has been “underappreciated” by Europe.

Washington: The Bleeder Of The 'Free World'?

"This is not the idealized conduct of the self-proclaimed 'leader of the free world'. America is increasingly seen as the 'bleeder' – a declining power which wants to suck the economic lifeblood from others in order to sustain itself. .."

This Is How Tyranny Rises And Freedom Falls: The Experiment In Freedom Is Failing

"It is easy to be distracted right now by the circus politics that have dominated the news headlines for the past year, but don’t be distracted... we’re being subjected to the oldest con game in the books, the magician’s sleight of hand that keeps you focused on the shell game in front of you while your wallet is being picked clean by ruffians in your midst... This is how tyranny rises and freedom falls."

What Goldbugs Have Been Waiting For: Goldman’s New Primer On Gold

"We believe that precious metals remain a relevant asset n class in modern portfolios, despite their lack of yield. They are neither a historic accident or a relic. Indeed, by looking at each of the physical properties of an ideal long-term store of value, we can clearly see why precious metals were initially adopted and why they remain relevant today." - Goldman Sachs