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ECB Preview: A Trapped Mario Draghi Makes A Decision

After a barrage of media trial balloons (as recently as today) meant to temper the enthusiasm of Euro bulls now that the EURUSD is back to 1.20 and threatening European corporate profitability, Mario Draghi's Sintra hawkishness is a distant memory.

Dow Jones Changes "Hoax" Index Divisor For First Time In 2 Years

For the first time in two years, the owners of the Dow Jones Industrial Average have changed the benchmark’s divisor, the number used to determine how moves in the share prices of individual Dow components affect the level of the index... "Is the number of points that the Dow Jones now gives us a truth or a fictional truth?"

Size Matters

"Personal generosity is a laudable quality, but giving to a large organized charity is just plain foolish... If you genuinely wish to be of value to others, your generosity would be more effective on a local level, where you give directly to those who will benefit from it, and you’re more certain of the outcome. The larger the charity organization, the greater the certainty that much, if not all, of your donation will fail to reach those you hoped would benefit."

Global Stocks Shake Off North Korea Jitters; Chinese Yuan Slides

Traders are eager to buy the latest dip, as US futures pared yesterday's losses before markets reopen after the Labor Day holiday, as global stocks looked to put any North Korean unpleasantries into the rear view mirror and assume another happy ending:

'Supervolcano' Alert - Not Just In Yellowstone

"Supervolcanos take no prisoners. When this one erupts, it will obliterate the rickety superstructures of global governance, finance, and economic....giving the green shoots of decentralized freedom a chance to poke here and there through the ash. It’s about time."