Afghanistan

Stocks Retrace Tax Bounce As Trump Raises Debt-Ceiling Doubts Overnight

Stocks are rapidly erasing yesterday's "making strides on taxes" gains as Trump's government shutdown threats remind investors just how fragile this whole facade is. The 'risk-off' trade is evident everywhere with Treasury and Bund yields tumbling, gold up, and USDJPY sliding.

Stocks Slide After Trump Threatens Government Shutdown Over Wall Funding, Killing NAFTA

US equity futures reversed early gains to slip as much as 0.3% following a fiery Trump campaign rally speech in which he threatened to shutdown government over border wall funding. Additionally, the yen strengthened, while the Mexican peso weakened 0.2 percent as the president also said he might terminate the North American Free Trade Agreement at some point.

How The US Deep State Accidentally Forged A Multipolar World Order

"The stronger the pressure of the deep state on the multipolar powers, the greater the speed with which the advance of the multipolar world will replace the unipolar one. Early effects will appear in the economic sphere, particularly in relation to movement towards de-dollarisation, which may mark the beginning of a long-awaited change..."

The Imperial Collapse Clock Ticks Closer To Midnight

"...Trump has been totally brought to heel, a fact that’ll become increasingly crystal clear in the months ahead. This is now your standard Wall Street and military-industrial complex run Presidency..."

Neocons Love Trump's New Afghanistan Plan, Blackwater Calls It "Obama-Lite"

"I’m proud. I’m relieved," Graham said on Fox News after Trump’s Monday night address. "I’m proud of the fact that President Trump made a national security decision, not a political decision. I’m proud of the fact that he listened to the generals, and I’m most proud of the fact that he showed the will to stand up to radical Islam."

Is Trump's Agenda Being Eclipsed?

"War is the health of the state, but the death of empires... The German, Austro-Hungarian, Russian and Ottoman empires all fell in World War I. World War II ended the Japanese and Italian empires — with the British and French following soon after. The Soviet Empire collapsed in 1989. Afghanistan delivered the coup de grace... Is it now the turn of the Americans?"

Frontrunning: August 22

  • Trump commits to a 'fight to win' in Afghan war (Reuters)
  • Stay or Go? Some Trump Aides Are Pressed From All Sides (WSJ)
  • Futures higher as traders pick up beaten-down stocks (Reuters)
  • Divers Search Compartments of Ship for Missing Sailors (WSJ)
  • Why Do U.S. Navy Ships Keep Colliding? (BBG)

Stocks Rebound As Europe Ends 3-Day Losing Streak; VIX, Gold, Bonds Slide

S&P futures are modestly in the green, following gains in European and Asian shares, after the cash index climbed on Monday for the first time in three days as volatility tumbled amid abysmal trading volumes. European stocks joined an Asian stock rally following three days of losses. Bonds, gold, VIX and the yen declined despite another warning from Ray Dalio who said he was "reducing risk."