Global Economy

"Sticking The Arson Charge On A Couple Of Patsies"

"...our debt-based monetary system is clearly almost at an end. What better way to end it than with a spectacular fire that can be pinned on a couple of made-to-order patsies like Donald Trump and Kim Jong Un..."

Full Jackson Hole Agenda Released

As expected both Janet Yellen and Mario Draghi are speaking, at 10am and 3pm local ET respectively. What is strange is that while Yellen has only 30 minutes dedicated for her opening remarks, Draghi's luncheon address is a full hour long.

Paul Brodsky: "Sorry, It Had To Be Said"

"Mr. Trump’s "Being There" presidency is reflecting an inconvenient truth back on a society that has, until maybe now, successfully deluded itself into believing government is functionally the glue holding society together..."

Stocks Slide After Trump Threatens Government Shutdown Over Wall Funding, Killing NAFTA

US equity futures reversed early gains to slip as much as 0.3% following a fiery Trump campaign rally speech in which he threatened to shutdown government over border wall funding. Additionally, the yen strengthened, while the Mexican peso weakened 0.2 percent as the president also said he might terminate the North American Free Trade Agreement at some point.

The Truman Show Markets

"Fake news, fake economies (based on fake demand dependent on asset bubbles), fake markets (dependent on QE and low interest rates). It’s the Truman Show, folks."

Bill Blain: There Is A "Last Days Of Rome" Feel To The News These Days...

"I suspect we’re into completely uncharted waters here. The central bankers know we need to normalise and rebuild the broken structures of capitalism and market based economies, without it becoming too apparent they are so broken – which would cause financial panic… On the other hand the cure might prove as painful as the self-inflicted injury of QE."