Four Seasons

Frontrunning: November 9

  • In China, Trump Cajoles Xi With Tough Talk, Flattery (WSJ)
  • Trump’s Flashy $250 Billion China Haul Has Little Substance (BBG)
  • Blame Game Over Rising Health-Insurance Premiums Begins (WSJ)
  • How to End Our Long National Tax Nightmare (BBG)
  • Trump Says Democrats Will Like Senate Tax Plan Over House Version (WSJ)

Pepe Escobar: The Inside Story Of The Saudi Night Of The Long Knives

This is more serious than it appears. The arrest of the two sons of previous King Abdullah, Princes Miteb and Turki, was a fatal mistake. This now endangers the King himself. It was only the regard for the King that protected MBS. There are many left in the army against MBS and they are enraged at the arrest of their commanders.

"We’ll See Some Initial Panic": World Reacts To Billionaire Alwaleed's Stunning Purge

A shocked world is gradually responding to the stunning news of the Saudi "countercoup" purge that took place overnight - the second in six months -  which led to the arrest of 11 princes, 38 current and former senior officials on corruption charges and which most notably resulted in the detention of Prince Alwaleed bin Talal, the billionaire Clinton Foundation donor with significant stakes in Citigroup and Twitter.

Kushner Companies Seen Hawking Shady US-Visa-Buying-Residency Program To Wealthy Chinese

Like so much else in this fake economy, the EB-5 visa program is an unethical racket that uses a government program originally designed to help struggling communities to further help the already wealthy by funneling cheap financing to luxury property development. It’s just another example of how screwed up our incentives are as a nation, and how completely corrupt the American Banana Republic has become.

Frontrunning: April 13

  • Trump comments trigger U.S. dollar, bond yield slide (Reuters)
  • N. Korea Nuclear Test Could Come Saturday or Sooner, Sources Say (VoA)
  • Fear Is Creeping Back Into Markets (BBG)
  • Trump Liking Yellen Ignites Prospects for Fed Policy Continuity (BBG)
  • CEOs gaining power in Trump’s White House (Politico)

David Rosenberg: "This Is A Bubble Of Historic Proportions"

"This bubble is on par with what we had in the States back in ’05, ’06, ’07. We have to actually take a look at the situation. The housing market here is in a classic price bubble. If you don’t acknowledge that, you have your head in the sand."

US Preparing Sanctions Against Syria

Just hours after unleashing a missile strike on Syria, Steven Mnuchin announced that the US will announce sanctions “in the near future” against the Assad regime.