Brazil

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..."

"First They Came For The Statues..."

"...many citizens await Monday’s spectacle of a total solar eclipse in parts of the country. They apparently don’t realize that another eclipse has been underway for months: the total eclipse of reality across the entire landscape of the USA."

"From Nukes To Terrorism": Battered Investors Flee Risk For Safety Of Bonds And Gold

"In a week where we started by worrying about nuclear war, markets have quickly moved on from this, with yesterday's weak session more of a response to fears that Mr Trump's strategy for the economy and business is falling apart and later the terrible terrorist attack in Barcelona," is how DB's Jim Reid summarized the week's psychedelic events.

The Single Biggest Bullish Catalyst For Oil

One of the key objectives for OPEC is to bring down inventories, a goal that has been elusive this year. But if the oil futures curve is anything to go by, the oil market is showing signs of tightening.

Korea And Venezuela: Flip Sides Of The Same Coin

"By suggesting that he might order a US regime-change invasion of Venezuela, President Trump has inadvertently shown why North Korea has been desperately trying to develop nuclear weapons - to serve as a deterrent or defense against one of the US national-security state storied regime-change operations..."

Frontrunning: August 14

  • Korea tensions ease slightly as U.S. officials play down war risks (Reuters)
  • Pence Plays Down Trump Threat on Venezuela (WSJ)
  • Trump Pressed to Reject White Nationalist Groups (WSJ)
  • Charlottesville, and the World, Take Stock of Violent Episode (NYT)
  • Car Attack Suspect Had Shown Troubling Behavior (NYT)

The Secret History Of The Banking Crisis

"Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for?"

In Maduro's Latest Crackdown, Venezuela's Assembly Removes Dissident Prosecutor

In Venezuela's latest crackdown on all opposition voices, on Saturday the country's newly convened pro-government constituent assembly removed dissident state prosecutor Luisa Ortega - the highest-ranking member of President Nicolas Maduro’s administration to break ranks with the dictator - from her job in what critics said was a blatant example of Maduro's new dictatorship flexing its muscles.

Netflix Is Spending Twice As Much As Amazon On Content

To continue its growth, Netflix will have to spend some $8.7 billion in cash on new content, nearly $2 billion more than it did in 2016, and more than double what its nearest, and cash flow positive competitor, Amazon, is spending on new content.