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Frontrunning: September 20

  • Fed Poised to Set Portfolio Reduction Plan in Motion (WSJ)
  • Dollar close to 2015 lows as conflicted Fed prepares policy update (WSJ)
  • The Risk of a New Economic Non-Order (El-Erian)
  • A last, last chance: Republicans strain for Obamacare repeal (AP)
  • McConnell Won’t Promise Obamacare Repeal Vote as Foes Mobilize (BBG)

Paul Craig Roberts Exhorts "Whatever Happened To America?"

"When I was born, America was a nation. Today it is a diversity country in which various segments divided by race, gender, and sexual preference, preach hate toward other segments... America, the melting pot that produced a nation was destroyed by Identity Politics. Identity Politics divides a population into hate groups. This group hates that one and so on. In the US the most hated group is a southern white heterosexual male."

A Startling Anecdote About Online Ad Fraud From Uber

"... when Uber suspended the Fetch Campaign, there was no material drop in total installations. Rather, the number of installations supposedly attributable to mobile advertising (i.e., "paid signups") decreased significantly, while the number of organic installations rose by a nearly equal amount."

Frontrunning: September 19

  • Markets Brace for Fed’s Big Move: The End of Easy Money (WSJ)
  • Senate GOP Has 12 Days to Repeal Obamacare and No Room for Error (BBG)
  • Senate GOP Considers a Trillion-Dollar-Plus Tax Cut for Budget (WSJ)
  • In first speech at U.N., Trump to single out North Korea, Iran (Reuters)
  • Trump to Push Nationalist Policy in First U.N. Address (WSJ)

Frontrunning: September 18

  • Caribbean Braces for Another Hurricane: Maria (WSJ)
  • Trump, Haley to share spotlight at U.N. gathering (Reuters)
  • UN ‘Club’ Trump Derided Forges Unexpected Alliance on Key Issues (BBG)
  • ‘We’ve Been Breached’: Inside the Equifax Hack (WSJ)
  • World stocks reach new peak as Fed-focused week begins (Reuters)

Is Google Coming For Your Cryptos

The big boys, Apple and Google, are now actively developing a payment API for cryptos to use within their browsers.  This is a double-edged sword and possibly indicates a shift in tax policy.