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How The CIA Made Google

Inside the secret network behind mass surveillance, endless war, and Skynet...

FX Week Ahead - Fast Money Algos Stretch The Limits Again, Time For Redress

A common feature of the currency markets these days is to push the established themes and narratives as far they can be, and at a time when the USD is suffering on all fronts, fast money accounts are using thin market conditions to their advantage. Friday's price action emphasised this completely, as all it took was the absence of policy talk from Fed chair Yellen at Jackson Hole to set off another hit on the USD.

More Peak Shale: World's Largest Miner Is Selling Its Shale Assets

Overnight we got the clearest indication yet that the US shale sector may have indeed have peaked, when BHP Billiton - the world's largest miner - said it was in talks with potential buyers of its U.S. shale assets, purchased during a frenzied $20 billion buying spree in 2011, just as the price of oil peaked.

What Would A U.S. Civil War Look Like?

"Yes, there is a civil war looming in the United States...But it will not look like the orderly pattern of descent which characterized the conflict of 1861-65. It will appear more like the Yugoslavia break-up, or the Russian and Chinese civil wars of the 20th Century... It will appear as an evolving chaos."

Eclipse Day Begins With S&P Futures Flat While Industrial Metals Soar

S&P500 futures, as well as Asian and European stocks, started off the week off unchanged after the S&P cash index fell to its lowest level in five weeks on Friday, with the "Bannon rally" fading on growing concerns about the US political situation, while tensions ratcheted up again as the US and South Korea began massive military drills

The Future Of The Third World

"...the hope among people in the World Bank, the IMF, and other armchair intellectuals was that once the correct incentives were in place and institutions were organized, these structures imposed from on high would put the third world on a path to perpetual growth. They couldn’t have been more wrong..."

FX Week Ahead: Jackson Hole, And A Chance For Yellen To Fend Off Some USD Bashing

Coming off a mixed week for the USD, traders focus their attention on the Jackson Hole symposium which starts on Thursday, running through to Saturday.  Within this, Friday's address by the Fed chair will take centre stage, and for all the 'will she, won't she' talk about monetary policy, the market will be hanging on Janet Yellen's words, as the third rate hike for 2017 remains in the balance.