Trump's "Fiery" United Nations Speech: Full Transcript

"Major portions of the world are in conflict and some, in fact, are going to hell, but the powerful people in this room, under the guidance and auspices of the united nations, can solve many of these vicious and complex problems."

The World Is Creeping Toward De-Dollarization

"The process of moving away from the dollar - prepared by Europe and triggered by China and Russia - can no longer be stopped... And as a 'supra-national' reserve asset, gold plays an important role in it."

What Is Real Wealth?

As for acquiring capital - the most important types of capital don't require much money.

Tech Stocks Are Tanking, Banks Panic-Bid

After an exuberant overnight session - ignoring the slump in USDJPY and bond yields - the US cash session open appears to have triggered a wave of selling (especially in tech stocks)...

Advice From The Trader Who Made $1 Billion In 1929...

“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made big money for me. It was always my sitting.

US Export, Import Prices Spike Most In 14 Months

US Import and Export prices jumped more than expected in August - both rising 0.6% MoM, the biggest rise since June 2016. A 4.8% MoM spike in Petroleum drove the import surge and the rise in Industrial Supplies' costs sent Export prices higher.

Building Permits Rebound In August As 'Rental Nation' Demand Returns

Following July's collapse in housing data (from permits to sales), August data for Housing Starts were supposed to bounce back but didn't (falling 0.8% MoM vs +1.7% exp) and Permits were expected to fall 0.8% but spiked 5.7% MoM (thanks to a big jump in multi-family units).

Boris Johnson Threatens To Resign If Theresa May "Goes Against His Brexit Demands", Pound Rises

In confirmation that Theresa May's upcoming Florence speech this Friday is not only what many have called "the most important day for Brexit since the referendum", but also the most opaque, the Telegraph reports that UK Foreign Secretary Boris Johnson will resign as before the weekend if Theresa May veers towards a “Swiss-style” arrangement with the EU in her upcoming speech.

Frontrunning: September 19

  • Markets Brace for Fed’s Big Move: The End of Easy Money (WSJ)
  • Senate GOP Has 12 Days to Repeal Obamacare and No Room for Error (BBG)
  • Senate GOP Considers a Trillion-Dollar-Plus Tax Cut for Budget (WSJ)
  • In first speech at U.N., Trump to single out North Korea, Iran (Reuters)
  • Trump to Push Nationalist Policy in First U.N. Address (WSJ)

Euro Tumbles On Report ECB Is "Concerned And Divided" Over End To QE

The EURUSD tumbled following a Reuters report that ECB official disagree on setting the end date of QE as a result of disagreement among the ECB council stemming from "concern over Euro strength" which is leading to "uncertainty and divide within the council."

Toys "R" Us Files Chapter 11: Second Largest US Retail Bankruptcy In History

Toys “R” Us Inc., the largest US toys retailer, filed for bankruptcy late on Monday night, as a result of a crushing post-LBO debt load and relentless competition from warehouse and online retailers. With assets of $6.9 billion, it’s the second-largest retail bankruptcy, trailing the filing in 2002 by Kmart, which had $14.6 billion in assets.