Key Events In The Coming Presidential Election Week

The US election this Tuesday is the main focus of the week. The key economic release this week is University of Michigan consumer sentiment on Friday. There are several scheduled speaking engagements from Fed officials this week. 

Janet Reno, Former US Attorney General, Has Died

Janet Reno, the first woman to serve as U.S. attorney general and the epicenter of several political storms during the Clinton administration, including the seizure of Elian Gonzalez, died early Monday. She was 78. According to AP, Reno died from complications of Parkinson's disease.

"Something Big Is Underway On All Fronts"

The U.S. is beefing up conventional forces of American troops into Eastern Europe and convincing NATO countries to augment these deployments with soldiers and equipment.  The Russians have been responding with opposing counter-deployments to offset the U.S.-NATO movements.  The aggressive stance is being taken by the U.S.-NATO-IMF hegemony in its military buildup in Eastern Europe and the Baltic States, the very “backyard” of Russia. The bottom line: the stage is being set to start WWIII on the slightest provocation.

Goldman Sachs Still Expects Hillary To Win The Election, But...

For most of the year, Sec. Clinton has been seen as more likely to win the election than any recent candidate at the same point in the race, but the election is now seen to be roughly as uncertain as the average election since 1992... but the recent tightening has reopened a potential path to victory for Mr. Trump, albeit a narrow one.

Extortion Is Now A Cornerstone Of The US Justice System

Success used to be admired. Now it’s viewed with suspicion and derision. After all, in the words of the President of the United States, "you didn’t build that..." Success also puts a target on your back – lawsuits, taxes, etc. The more successful you become, the more the system tries to take it away from you. These are entirely the wrong incentives if you want a prosperous society.

Gawker Settles With Hulk Hogan For $31 Million

With Gawker no longer operational, and both Peter Thiel and Hulk Hogan having proven their point, former Gawker CEO Nick Denton said in a blog post that the media company is settling its case with Hulk Hogan. Denton did not disclose the terms of the settlement, however court documents revealed the case was settled for $31 million plus a portion of the website's sale proceeds.