ECB Keeps Rates Unchanged

The ECB was not expected to change any of its three main refinancing rates in today's announcement and it did not disappoint, keeping the Main Refinancing Rate unchanged at 0.0%, and its marginal lending and deposit facility rates at 0.25% and -.40% respectively.

Frontrunning: October 20

  • Global stocks nudge higher after final U.S. presidential debate (Reuters)
  • Trump, Clinton Double Down: Final Debate By the Numbers (BBG)
  • Will Trump accept election's outcome? 'I will keep you in suspense' (Reuters)
  • After Sedate Start, Trump Takes the Bait (WSJ)
  • ‘Rigged’ Election Charge Takes Spotlight (WSJ)

Will Draghi Avert A Tantrum: The Full ECB Checklist

Draghi will make clear that tapering has not yet even been considered. He will emphasize that the program runs until March, at least, and so they have plenty of time to plan the exit. There’ll be no taper-tantrum today. Far from tapering, it’s likely that the Asset Purchase Program will be prolonged even further beyond March, although perhaps not formally so at this meeting. An extension will require technical adjustments that may need more time to work out.

Global Stocks, US Futures Modestly Higher As Debate Digested, Draghi Eyed

Global stocks were modestly higher, before the European Central Bank gives its policy update, while investors weigh mixed earnings results. Asian stocks rise, U.S. equity-index futures are little changed.  The euro touched its weakest level since July and stocks in the region fell after their first back-to-back gains in two weeks.

Billionaire Clinton "Hillblazer" Pushes New Tax That Funnels Middle Class Money To Wall Street

Wall Street is maneuvering to propose and implement a new retirement tax on Americans under a Hillary Clinton Administration. Leading the charge is billionaire financial oligarch Tony James, who is COO of private equity giant Blackstone. Mr. James is a generous contributor to Hillary Clinton’s Presidential run, and is listed as a “Hillblazer” by her campaign for having raised at least $100,000 toward her candidacy.

Debate Post-Mortem: "Bad Hombres", "Putin Puppets", Chris Wallace Wins "Bigly"

The debate started with 'no handshakes' once again and while there was no 'dancing' around the ring, a quiet, polite start rapidly turned ugly once the two candidates warmed up. Second Amendment supporting Trump slammed babyslaying Clinton; questions over who was the biggest "puppet"; Trump declined to support election result and threw a "such a nasty woman" comment across the stage.  While it was a close-call between Trump and Hillary, for once we suggest Chris Wallace wins tonight.

East Vs. West Division Is About The Dollar - Not Nuclear War

The narrative of a coming conflict between the East and the West has been boiling steadily as the U.S. election nears its end. Even the mainstream media is insinuating the potential for shots fired. Some believe the results of the election will determine the odds of war. There is a different position. It seems the rhetoric of East vs. West and nuclear exchange is being exploited as a distraction away from a different but almost equally catastrophic end game - the death of the U.S. dollar as the world reserve currency.

Trump-Clinton III: The Final Sin-City Showdown - Live Feed

Following Pence's pounding of Kaine and Trump's trouncing of Clinton in the last two debates, the final showdown promises fireworks. Trump's arsenal is full after two weeks of embarrassing documents from WikiLeaks and The FBI, and with the news cycle beginning to lose contact with his sexual harrassment allegations, Clinton (having gone dark for a week) will remain focused on temperament, temperament, temperament.. and the fact that Trump is not a woman.

Has World War 3 Already Started?

For the first time since Hitler's Operation Barbarossa, German tanks are once again advancing on Russia’s border. You probably haven’t heard this extraordinary piece of news. That’s because the mass media has basically ignored and obscured it. They’ve been busy covering far more important things… like transgender issues and Kim Kardashian’s latest stunt. That’s why you need to know about Operation Anaconda 2016.


White House Denies Obama Is Friends With Democratic Operative Who Met President 47 Times And Admitted To Voter Fraud

White House spokesman Josh Earnest said he had no information about Robert Cramer's 42 meetings with Obama but cautioned that it was highly unlikely that Creamer had “one-on-one” meetings with the president. Asked to describe Obama's relationship with Creamer, Earnest said, "I’m not sure that I can describe it, because, I’m not sure there is much of one.”

Why Hillary Clinton Is A Bigger Concern For China Than Donald Trump

So you think Donald Trump is the biggest threat to world peace? And Barack Obama engineered America’s “pivot to Asia”? It was actually Hillary Clinton, emphasising the necessity of a “strategic turn” for the United States, who launched the pivot to Asia in an October 2011 article titled “America’s Pacific Century”. The tone was martial: “Our military is by far the strongest and our economy is by far the largest.”