Foreign Investments

FX Week Ahead: Cue The ECB To Disappoint; Buying Time For Fed To Catch Up?

After another 'interesting' non farm payrolls report, we start the week on a quiet note as the US observes the Labour Day holiday and Canada day speaks for itself.  Plenty of volatility to expect thereafter though, as it is the ECB's turn to manage market expectations, which so far show little sign of moderating as EUR longs are keen to hold positioning into a much expected tapering signal. 

The Senate War Against Border Tax Begins

Today, the war against BAT fired its first salvo, when the previously profiled Senator David Perdue of Georgia, former CEO of discount retailer Dollar General, emerged as the top Republican critic of the House GOP plan to adjust business taxes at the border, threatening the divisive proposal's legislative prospects.

Central Banker Sees "Scary" 2017

Q. When you look ahead to 2017, what keeps you awake at night?
A
. Short term, the Fed rate hikes. Medium-to-long term, the retreat from multi-lateralism related to the performance of the global economy - the major and various economies, and emerging markets like China.

This Is What Hillary Clinton's Advisors Really Think Of The American Public

ACQ: “Look, it doesn’t matter what you or I think. The President wants the TPP, and the Party isn’t going to oppose him....They don’t see much of a risk. Most Americans don’t know or care about the TPP.”

RR: “But they know big corporations are running economic policy. They think the whole system is corrupt. Believe me, Trump will use this against Hillary.” ACQ: “I think you’re being too cynical.”

Revenge Of The Rubes - Why The Days Of The Financial Elite's Rule Are Numbered

The truth is, it is the “European Project” which represents the darker impulses -  it is a tyranny based on a muddled brew of globalism, statism, financialization and the cult of central banking. It’s days are numbered because even the rubes can see that it doesn’t work, and that its massive internal contradictions are heading for a spectacular implosion. The British voters have decided to get out of harms’ way. Hopefully, there will soon be many other cases of the rubes in revolt.

Democrats Claim Russian Hackers Stole Their Anti-Trump Research

Russian government hackers penetrated the computer network of the Democratic National Committee and gained access to the entire database of opposition research on GOP presidential candidate Donald Trump, according to committee officials. The networks of presidential candidates Hillary Clinton and Donald Trump were also targeted by Russian spies, but as The Washington Post reports, the intruders so thoroughly compromised the DNC’s system they also were able to read all e-mail and chat traffic.

Saudi Arabia To Tax Millions Of Foreign Residents To Raise Cash

Although oil has rebounded off the recent lows, the Saudi budget remains stretched and in an attempt to help raise revenues in the short term (and transition away from dependency on oil in the longer term), the government is weighing an income tax on expat workers. There are nine million foreigners living and working in Saudi Arabia said Mufrej Al-Haqbani, the country's labor minister, and Finance Minister Assaf said that there are no plans to tax Saudi nationals.