Nuclear Power

S&P Set To Open At All Time High, Boosted By Rising Crude On More "OPEC Deal Optimism"

European and Asian stocks rose after the early scare from the latest Fukushima quake dissipated, with the global risk on mood spurred by another jump in crude, which was up 1% in early trading, with the commodity complex now enjoying its biggest three-day rally since May, after Nigeria signaled optimism that OPEC will agree a supply-cut deal next week in Vienna. S&P futures are up 0.3%, with the cash index set to open at new record highs.

Frontrunning: November 21

  • Dollar dips, stocks fall as Trumpflation trade pauses (Reuters)
  • A profile of RenTec's Medallion fund: Inside a Moneymaking Machine Like No Other (BBG)
  • Mattis, Christie, Giuliani in contention for top posts (Reuters)
  • Paulson’s Big Long: A Bet on Trump Yields Power and Profit (BBG)
  • Ex-PM Fillon is favorite to win French conservative presidential ticket (Reuters)
  • In weekend of deliberation, Mattis favored for Trump Pentagon chief (Reuters)

German Lawmaker Pushes For European Nuclear Deterrence Plan

With both NATO and Europe suddenly unsure of what a radical foreign policy by the Trump administration could mean for NATO funding and European joint defense, a senior member of Chancellor Angela Merkel's conservatives said that Europe needs to think about developing its own nuclear deterrent strategy given concerns that U.S. President-elect Donald Trump could scale back U.S. military commitments in Europe.

Fed's Kashkari Releases Plan To End "Too Big To Fail", Compares Banks To Terrorists

In the latest reminder that 7 years after the financial crisis, the US banking system still remains a systemic risk, Minneapolis Fed President Neel Kashkari today released four-step plan to end too-big-to-fail problem. The reason for the proposal: America's "biggest banks continue to pose a significant, ongoing risk to our economy" and "One analogy that helps highlight the trade-off of costs and benefits is the risk of terrorism."

This Is No "New Cold War"; It's Far Worse Than That

Only M.A.D. avoided the Cold War becoming a hot war. But M.A.D. is not just a physical reality but equally importantly a mutually-shared belief-system, a belief-system that becomes no longer operative if one of the two sides switches to believe that a way exists actually to win a nuclear war - in other words, to believe that conquest of a nuclear power by another nuclear power is a real possibility.

The Real Humanitarian Crisis Is Not Aleppo

Why do we hear only of the “humanitarian crisis in Aleppo” and not of the humanitarian crisis everywhere else in Syria where the evil that rules in Washington has unleashed its ISIL mercenaries to slaughter the Syrian people? We are in the middle of a presidential campaign in the US and no one has asked why the US is determined to overthrow a democratically elected Syrian government that is supported by the Syrian people.

Hillary Clinton's Axis Of Evil

Let’s cut to the chase; Hillary Clinton is ready to go to war against Russia in Syria – with inbuilt, potentially terrifying, thermonuclear consequences. Anticipating an outcome of the US presidential election as a remix of the 1972 Nixon landslide, Hillary has also coined, George “Dubya” Bush-style, a remixed axis of evil: Russia, Iran and “the Assad regime”.

Extinction Level Event

Since they can’t sell people on electric cars, the next best thing is to outlaw internal combustion-engined cars. In order to force people into electric cars. The German Bundesrat (their version of our Congress) just passed a bipartisan agreement toward that end. By 2030 - just 14 years from now.

Paul Craig Roberts Rages "Washington Is Leading The World To War"

What must the world think watching the US presidential campaign? Over time US political campaigns have become more unreal and less related to voters’ concerns, but the current one is so unreal as to be absurd.  Why does the world look to the most stupid, vile, arrogant, corrupt and murderous government on the planet for leadership? War is the only destination to which Washington can lead.