Frontrunning: May 25

  • World stocks hit record after Fed minutes (Reuters)
  • OPEC extends oil output cut by nine months to fight glut (Reuters)
  • Father and Brother of Manchester Bomber Arrested in Libya (BBG)
  • In testing Montana vote for Trump, Republican caught up in brawl (Reuters)
  • NATO to Take New Counterterrorism Measures (WSJ)

This Is The World's Most Active Battlefield - Watch Cyber-War In Real-Time

Today’s most active battlefield is not located on the ground, in the air, or on the mighty seas. It’s taking place on the internet – and, if you’re still a non-believer, spend a few minutes with the following live map to watch a representation of cyber attacks as they happen...

Japan's "Womenomics" Is Working Just As Well As Abenomics... Terribly

*Reference to women as “birthing machines” is sarcasm. We know that the LDP also thinks of women as much more than that–as potential nurses for the elderly, expert green tea brewers for the office, and caretakers of the children that they should be giving birth to right now for the greater prosperity of Japan."

San Francisco Launches Public Defender Office Dedicated To Illegal Immigrants

To our complete 'shock', the liberal bastion of California's northern shores has just announced that it will create a brand new branch of the Public Defender's office to specifically defend illegal immigrants in deportation cases.  Adding insult to injury, taxpayers will have to pony up an additional $200,000 each year to cover the cost of 3 public defenders and a paralegal, all of whom will be dedicated to making sure that federal laws are ignored.

What Is Causing China's Yield Curves To Invert: UBS Answers

The inverted curve reflects a contradiction between market expectations on policies and economic fundamentals. On one hand, the slowdown of economic growth may prevent the back end of the yield curve from further going up. On the other hand, financial institutions' funding costs have kept rising but the financing costs for the real economy measured by loan rates have not risen that much.