ECB Preview: What Wall Street Thinks Mario Draghi Will Say Tomorrow

While expectations are low from Thursday's ECB meeting,  it may ultimately boil down to Draghi’s communication about asset purchases. Any hint of QE tapering would spur a large-scale sell-off in the rates market, according to most Wall Street strategists. Here is what else the sellside thinks will happen.

Podesta's Iran Deal Admission Exposes Tragic Results Of AP's 2013 Treachery

In 2013, the AP hid what it knew about the existence of secret discussions between the Obama administration and Iran concerning the latter country's possession and use of nuclear materials. The Obama administration asked a journalist at another outlet and the AP to keep quiet about what they knew — and they did.

Frontrunning: October 17

  • Bonds Selloff Spreads on Inflation Concern; Stocks Fall With Oil (BBG)
  • Trump charges U.S. election results being rigged 'at many polling places'  (Reuters)
  • CNN’s Stelter Blames Firebombing of NC Republican Office on Trump's 'Over Heated' Rhetoric (Newsbusters)
  • Britain, France seek EU condemnation of Russia over Syria (Reuters)
  • Inside the Secret Society of Wall Street's Top In-House Lawyers (BBG)

Western Hypocrisy, And Why It Makes The World A Dangerous Place

The West has always been a great trembling hive of hypocrisy, portraying itself as liberal, progressive, civilised and democratic... as the "shining house upon the hill": just, altruistic, democratic, with a "mission to extend individual liberties throughout the world." These western and especially US virtues are mobilised to justify policies, wars, covert activities which are not virtuous at all.

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Wars and rumors of wars are filling the headlines: Russian prep for nuclear war, US accuses Russia of cyberwar and vows retaliation, US military overthrow of Assad, US proxy war with Iran in Yemen, Breakdown in South-Pacific alliances, Pentagon video of dystopian future.

"The System Simply Isn't Working" - Hugh Hendry Warns Of 1930s-Style "Dramatic Fulcrum Point" In Europe

"...we have the precedent from a much earlier time (the 1930s) when the defection of just one member from a currency union caused the system to unwind rapidly. And we can clearly sense the seeds of another popular political revolt in other member countries; a flurry of upcoming elections and referendums provides an immediate catalyst...We believe we are approaching a dramatic fulcrum point in public opinion in Europe."

Visualizing America's $18 Trillion Economy (In 3 Stunning Maps)

The United States is geographically vast and diverse, and population is spread out and unevenly distributed. This means production and innovation are both concentrated in some areas of the country, while other parts are clearly more rural. How can we account for these differences to get a more accurate view of the U.S. economic engine?