Frontrunning: November 16

  • Senate Panel Approves Tax Plan as GOP Leaders Gird for Fight (BBG)
  • U.S. towns, cities fear taxpayer revolt if Republicans kill deduction (Reuters)
  • After House Victory, Tax-Overhaul Fight Now Goes to Senate (WSJ)
  • Analysts flee Wall Street with gallows humor as research changes loom (Reuters)
  • Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig (BBG)

Keep Calm & Carry On

“Before long, we will all begin to find out the extent to which Brexit is a gentle stroll along a smooth path to a land of cake and consumption...”

A Europe We Can Believe In

"In this moment, we ask all Europeans to join us in rejecting the utopian fantasy of a multicultural world without borders. We rightly love our homelands, and we seek to hand on to our children every noble thing that we have ourselves received as our patrimony..."

Pepe Escobar Live From Baghdad: The Secret Of Iraq's Renaissance

On a sandstorm-swept morning in Baghdad earlier last week, Abu Mahdi al-Mohandes, the legendary deputy leader of Hashd al-Shaabi, a.k.a. People Mobilization Units (PMUs) and the actual mastermind of numerous ground battles against ISIS/Daesh, met a small number of independent foreign journalists and analysts... This was a game-changing moment in more ways than one....

Rickards On Gold, Interest Rates, & Super-Cycles

"I’ve heard the same stories from Switzerland to Shanghai and everywhere in between, that there are physical gold shortages popping up, and that refiners are having trouble sourcing gold. Refiners have waiting lists of buyers, and they can’t find the gold they need to maintain their refining operations."