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The 11 Nations Of The United States

"...among these 11 nations, Yankeedom and the Deep South exert the most influence and are constantly competing with each other for the hearts and minds of the other nations...Those two nations would never see eye to eye on anything besides an external threat.”

Global Stocks Tumble, Asia Plunges On Chinese Commodity Carnage

The euphoria of the past month has ended with a thud and BTFDers are strangely missing as the commodity chill out of China (which overnight became full blown carnage), has unleashed a global risk-off phase ahead of today's critical CPI data, resulting in broad and sharp selling across global markets, as European stocks followed declines in Asia while bonds and gold advanced.

Frontrunning: November 14

  • Top central bankers vow to talk investors out of easy money (Reuters)
  • Sessions Considers Probe to Evaluate Clinton-Russia Ties (WSJ)
  • Trump Jr. Exchanged Messages With WikiLeaks (WSJ)
  • German growth surprise lifts Europe as China subdues Asia (Reuters)
  • Kremlin tells companies to deliver good news (Reuters)

Welcome To The Sue-nited States Of America

"While the multi-million dollar lawsuits against huge companies tend to grab the headlines, in many respects, the best targets of frivolous lawsuits are people in the middle class... These are folks who have some money and assets accumulated, but don’t necessarily have enough financial resources to defend themselves against an absurd claim of negligence or wrongdoing."

Key Events In The Coming Week: Taxes, Inflation, Yellen, Draghi, Kuroda And Brexit

This week’s economic calendar features several key data releases and Fedspeak. The main data release in US include: CPI inflation, retail sales, industrial production, housing data and monthly budget statement.Away from the data the ECB’s Draghi, Fed’s Yellen, BoE’s Carney and BoJ’s Kuroda are all scheduled to participate on a policy panel hosted by the ECB.

Frontrunning: November 13

  • Trump, Duterte Strike Up a Friendship, Sidestep Thorny Issues (WSJ)
  • Strong earthquake hits Iraq and Iran, at least 332 killed (Reuters)
  • GE’s New CEO to Focus on Power, Aviation, Health (BBG)
  • GE Slashes Dividend Amid Restructuring (WSJ)
  • Uber board strikes agreement to pave way for SoftBank investment (Reuters)
  • World's Top Tech Giants Amass $1.7 Trillion in Monster Year (BBG)

Ethereum's Creator Mulls Limiting Supply In Novel Ways

Ethereum’s abundance has obviously not adversely affected its price this year, our question is what impact would limiting supply have on Ethereum? Especially when cryptocurrency prices are so sensitive to newsflow, even when it’s ill-informed, in Dimon’s case, for example.

Mission Creep In Darkest Africa

"So off the US military charges into Africa, with little understanding of the region and even less strategic planning. It’s Vietnam-style ‘mission creep’ all over again..."

WTF WTI

Algos gone wild again...