fixed

Bitcoin Core Developer Explains Bitcoin's Value

"It’s the developers that give any coin or ecosystem the antifragile quality... You’re not going to be able to inflate it in any way. Bitcoin is sound money because there is a fixed supply limit and demand is always increasing. "

Final Q2 GDP Comes In At 3.1%, Higher Than Expected

With just two days left until the end of the third quarter, what happened in Q2 will hardly provoke a market reaction, which is why when the BEA announced that the final Q2 GDP print was revised from 3.0% to 3.1%, it hardly inspired a move in risk assets, even though it did come in fractionally better than the 3.0% expected.

Global Bond Rout Accelerates Even As Dollar Rally Fizzles

In a continuation of trading patterns observed over the previous two days, on Thursday the global bond rout deepened in the aftermath of the release of President Trump’s tax-cut plan, Janet Yellen's recent hawkish comments and renewed optimism over the health of the U.S. economy.

Dollar Surges, Bonds Dump Ahead Of Trump Tax Plan

S&P futures are set for a higher open (+ 0.1%) despite the expected hit to the Dow from Nike, as European stocks gain while Asian shares dropped. Like yesterday when the big story was the jump in the USD ahead of Yellen's (rather hawkish) speech, so today the greenback's levitation has continued, this time propelled by the imminent unveiling of Trump's tax plan.

Why Political Correctness Fails (When What We Know "For Sure" Is Wrong)

"In practice, people need a religion or a religion-substitute. People need a basic set of beliefs with which to order their lives. Our leaders today have proposed the Religion of Success, with its belief in Science, and the power of today’s leaders, as the new religion. This religion has appeal, because it denies the limits we are up against. Life will continue, as if we lived on a flat earth with unlimited resources. This story is pleasant, but unfortunately not true."

Euro Tumbles Ahead Of Yellen, Macron Speeches As Stocks Shake Off Korean Crisis

S&P futures are flat after Monday’s tech-driven drop and as tensions with North Korea are once again put on the backburner; Asian stocks are modestly lower while Europe has shaken off the Korean crisis and is in the green on the back of a sharp drop in the EURUSD which has tumbled below 1.18 as the USD rises ahead of much anticipated speeches by the Fed Chair and the French president.

"Fake Nukes": Iran Faked Ballistic Missile Launch

Over the weekend, Iranian state television released video footage claiming to show the launch of a new type of medium-range ballistic missile. However, according to government sources, the video was "fake news", or rather "fake nukes", as Iran never actually fired the ballistic missile.

Buffett, Boomers, & The End Of A Bygone Era

"Baby Boomers are blithely unaware or unconcerned about the gutting of production-based wealth creation and the unsustainability of the financially-based global economy they built... "

"Forget Germany, Spain Is The Real Problem"

"Divisions within Europe are mounting again. Any success by Catalonia sets a dangerous precedent for other want-away regions, not just in Spain. It emphasizes that many of the structural imbalances in the euro zone haven’t been fixed. Inequality is still growing."