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.

Bill Blain: "One Fund I Met Is Convinced Bond Markets Are On The Edge Of A Precipice"

"The fly in the ointment is the bond market. One fund I met is convinced Global bond markets and credit are on the edge of precipice and about to take that terminal step forward. Others fear the unintended consequences of taper and the “End of QE” triggering a reset across global financial asset values – especially across the bond markets." - Bill Blain

About That "Coordinated Global Economic Recovery"

Day-in, day-out, asset-gatherers and commision-rakers remind hapless investors that all is well in stock markets because "there is a coordinated global economic recovery" going on... "that hasn't happened for years." As you might imagine... that is not exactly true when one looks at the hard data.

Turkey Faces Threats For Inking Landmark Arms Deal With Russia

"...there is one result the Western sanctions produce – the targeted countries come together to create alternative poles of power... This policy has failed to keep Turkey away from military cooperation with Russia. In the multipolar world there is always an alternative to turn to..."

America's Slow-Motion Military Coup

"In a democracy, no one should be comforted to hear that generals have imposed discipline on an elected head of state. That was never supposed to happen in the United States. Now it has..."

In Florida, You Can't Use Your Own Solar Panels In A Crisis

"When I think about solar panels, its not just the use of a renewable resource I find appealing, but also the potential to take energy generation into your own hands... The latter could’ve be a lifesaver for some Florida residents recently, but a local electric utility has done everything in its power to deny its customers such freedom."

The Geopolitical Earthquake Of The Looming Kurdistan Referendum

In a move that is entirely expected, Iraq's Supreme Court has ruled that the Iraqi Kurdistan independence referendum scheduled for Sept. 25 cannot take place. The ruling comes as Turkey has begun military exercises along its border with Iraq's Kurdish region in a show of force meant to signal it will not tolerate an independent Kurdistan.