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Global Bond Rout Accelerates Even As Dollar Rally Fizzles

In a continuation of trading patterns observed over the previous two days, on Thursday the global bond rout deepened in the aftermath of the release of President Trump’s tax-cut plan, Janet Yellen's recent hawkish comments and renewed optimism over the health of the U.S. economy.

Frontrunning: September 27

  • Trump Will Let Congress Decide on Tax Rate for Top Earners (BBG)
  • Conservative firebrand defeats Trump pick in Alabama primary for U.S. Senate (Reuters)
  • U.S. Commerce Secretary says market access, protectionism top China issues (Reuters)
  • U.S. slaps steep duties on Bombardier jets after Boeing complaint (Reuters)
  • Dismayed Britain chides Boeing over Bombardier ruling (Reuters)

Was Facebook Pressured Into Finding "Something" To Implicate Russia?

Just days after telling CNN that Facebook "have seen no evidence that Russian actors bought ads in connection with the election," the breakthrough discovery of the $100,000 ad-spend came following Senator Mark Warner's visit to the offices of Facebook Chief Security Officer Alex Stamos...

Apple Does Right By Its Users... And Advertisers Are Displeased

With the new Safari 11 update, Apple takes an important step to protect your privacy, specifically how your browsing habits are tracked and shared with parties other than the sites you visit. In response, Apple is getting criticized by the advertising industry for "destroying the Internet's economic model."

Chris Hedges On The Silencing Of Dissent

"The ruling elites, who grasp that the reigning ideology of global corporate capitalism and imperial expansion no longer has moral or intellectual credibility, have mounted a campaign to shut down the platforms given to their critics. The attacks within this campaign include blacklisting, censorship and slandering dissidents as foreign agents for Russia and purveyors of 'fake news'."

If Amazon Takes Over The World...

Forget about the other tech giants: Amazon is poised to beat them all. What are the consequences for the rest of us?

Frontrunning: September 21

  • Mark Zuckerberg’s Political Awakening (BBG)
  • Bank of Japan Sticks With Easy-Money Settings (WSJ)
  • Bank of Japan board member demands more stimulus (FT)
  • S&P downgrades China, says rising debt is stoking economic, financial risks (Reuters)
  • Boston’s Fate Lies With a Zombie Hurricane as Maria Moves North (BBG)

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)