Brazil

A Clinton Presidency Will Be A Disaster For The Caribbean

In 1985, the CIA recognized that progressive parties and leaders had opted for the ballot box to achieve political power. Since 1985 and encouraged by the Clintons, the power of the ballot box has been overturned by the CIA and its ciphers USAID and George Soros’s Open Society Institute, using undemocratic election  tactics in Haiti, Honduras, Venezuela, Panama, Guatemala, and Guyana. The Clintons can surround themselves with all the black and brown supporters they can muster up in the United States, but for the black and brown people of the Caribbean, the Clintons represent pure corruption, coercion, and neglect.

Tumbling Dollar Sends USDJPY Under 100, Oil Over $46 As Gold Spikes; Futures Flat

Overnight, John Williams' latest uberdovish paper "Monetary Policy in a Low R-star World", which we profiled yesterday, and which suggests lower rates for far longer, made the rounds and has led to a steep 0.8% drop in the Bloomberg Dollar spot Index, which sank to its weakest since June while the yen strengthened 1.2 percent, slipping briefly below 100 against the greenback for the first time since June 24, pushing oil and gold higher, and Asian shares lower.

US Olympic Gold Medalist Ryan Lochte Robbed At Gunpoint In Rio

Following conflicting reports,  including the IOC denying any incident took place,  Lochte himself confirmed with TODAY's Billy Bush that he and the other swimmers were robbed at gunpoint. "We got pulled over, in the taxi, and these guys came out with a badge, a police badge, no lights, no nothing just a police badge and they pulled us over," Lochte said. "They pulled out their guns, they told the other swimmers to get down on the ground — they got down on the ground."

5 Things The Media Isn't Telling You About The Olympics

As athletes from all corners of the globe compete in the Olympic spirit, news outlets forget about the country’s problems. Here’s a rundown of the five most concerning issues facing tourists, athletes, and Brazilians themselves during this year’s leading international sporting event.

Misunderstanding The Real Problem: An Updated Version Of The "Peak Oil" Story

The amount of oil (or for that matter, any other resource) isn’t a fixed amount. If the price can be made to rise to a very high level, the quantity that can be extracted will also tend to rise–in fact, by a rather large amount. The “catch” is that wages for the vast majority of workers don’t rise at the same time. As a result, goods made with high-priced oil soon become too expensive for workers to afford, and the economy falls into recession. The result is prices that fall below the cost of production. Thus, the limit on oil supply is not the amount of oil in the ground; instead, it is how high oil prices can rise, without causing serious recession.

America's Dangerous Game Of Intrigue Inside International Organizations

There is a bull in the china shop of international diplomacy and it wears the ugly and discredited attire of Uncle Sam. The Obama administration has decided that the halls, offices, and conference rooms of international organizations are acceptable battlefields to wage propaganda and sanctions wars.

Frontrunning: August 5

  • Expected solid job gains seen as boost to economy (Reuters)
  • Oil prices slip as short-covering rally fizzles (Reuters)
  • Hillary Clinton’s Lead Over Donald Trump Widens to 9 Points, Poll Shows (WSJ)
  • Justice Department Officials Raised Objections on U.S. Cash Payment to Iran (WSJ)
  • Terrorist Suspects in Europe Got Welfare Benefits While Plotting Attacks (WSJ)

Riots In Rio: Police Unleash Tear-Gas, Rubber Bullets As Poor Brazilians Block Olympic Torch Route

Just 24 hours before the opening ceremony of the Rio Olympics, police have been forced to use tear-gas and rubber bullets to clear protesters from the path of the Olympic torch through a poor suburb of Rio de Janeiro. As The Guardian reports, police said anti-government protesters in Duque de Caixas, on Rio’s north side, threw rocks and blocked the torch’s path; and 3 people (including a 10-year-old girl) were injured.

S&P Futures Flat As Europe, Asia Lifted By Banks, Yen; All Eyes On The Bank Of England

In a mostly quiet session, European and Asian stocks rose, pushed higher by financial stocks and the USDJPY which initially dipped on some hawkish comments by BOJ deputy governor Iwata, only to rebound later in the session, lifting the Nikkei 1.1%, while the Stoxx 600 rose 0.4% led higher by the banking sector. S&P futures are unchnaged after yesterday's last hour ramp. The key event is the BOE decision due in half an hour.

What Will Hillary Do? Goldman Ranks Russia 'Best Olympian' Nation Ever (Over #2 USA)

While exceptional USA is heralded as savior of the world and "greatest nation ever in the history of earth," by Hillary Clinton, it appears Goldman Sachs disagrees... when it comes to The Olympics. From an 'efficiency' perspective,  controlling for how populous, rich (income per capita), and 'efficient' they are, Russia is the greatest olympic sporting nation (and ironically Greece is worst)...

Frontrunning: August 3

  • European bank rebound not enough to save world stocks from further losses (Reuters)
  • Republican rift widens as Trump declines to endorse Ryan, McCain (Reuters)
  • New Rough Patch for Trump Campaign Roils Republicans as Defections Grow (WSJ)
  • Obama says Trump unfit to be president (FT)
  • World’s Largest Oil Hedge Set to Make Billions for Mexican State (BBG)