Reuters

The Election Has Been Hacked: The Dismal Reality Of Having No Real Electoral Choices

Politics is a game, a joke, a hustle, a con, a distraction, a spectacle, a sport, and for many devout Americans, a religion. It is a political illusion aimed at persuading the citizenry that we are free, that our vote counts, and that we actually have some control over the government when in fact, we are prisoners of a police state. In other words, it’s a sophisticated ruse aimed at keeping us divided and fighting over two parties whose priorities are exactly the same so that we don’t join forces and do what the Declaration of Independence suggests, which is to throw the whole lot out and start over.

After Its "Predatory Tax Grab", Europe Prepares Crackdown On Amazon, McDonald's

With Europe desperate to boost its dwindling public coffers and only starting tits anti-tax avoidance campaign, AAPL is only the start in the European Commission's crackdown.  As the WSJ writes, following today's ruling that Apple got an unfair advantage over its competitors because of help it got from Ireland government’s, the EU’s antitrust regulator is likely next to turn to two other ongoing tax investigations on its docket: Amazon.com and McDonald's.

Record Low Yields On Deck? Abe Advisor Urges Japan To Buy US Treasuries

 "Japan's monetary authorities should intervene in the currency market not to change the yen's general course but to discourage speculators" Koichi Hamada, an emeritus professor of economics at Yale University, told Reuters in an interview. "If Japan's currency intervention is considered manipulation of exchange rates, BOJ buying of foreign bonds is an option for the same objective in a moderate form."

"The Americans Give Us Nothing": France Effectively Kills TTIP, Calls For End To Negotiations

The French trade minister on Tuesday called for an end to trade negotiations between the European Union and the U.S., the firmest sign yet of opposition in Europe to what would be the most ambitious trade deal in decades. Matthias Fekl said on French radio that “France no longer politically supports these negotiations,” adding that “The Americans are giving us nothing. This is not how allies should be negotiating.”

Frontrunning: August 30

  • EU demands Apple pay Ireland up to 13 billion euros in tax (Reuters)
  • Dollar Advances as Treasuries Drop on Rate Outlook; Stocks Rise (BBG)
  • Chinese embassy in Kyrgyzstan hit by suspected suicide car bomb (Reuters)
  • France, joining German Economy Minister, urges halt to trade talks with U.S. (Reuters)
  • Euro zone monthly economic sentiment falls more than expected (Reuters)

For The First Time Since The Recession, Boeing Won't Raise Airplane Prices Due To Plunge In Demand

As part of the US economic slowdown, many have observed the sharp drop in demand for heavy trucking, coupled with the steep dropoff in train and intermodal traffic. Now, a third major red flag has emerged in the sky, where the slowdown in sales and new orders for airplanes is now so acute that US plane giatn, Boeing, announced on Monday it would refrain from increasing jetliner prices for the coming year, the first time it has held prices steady since 2009.

French Economy Minister To Resign On Tuesday

In a move that is seen as the launchpad for a presidential run by the youngest, and ostensibly most popular, member of Francois Hollande's cabinet, Reuters reports that France's Economy Minister Emmanuel Macron is set to resign on Tuesday, citing a source close to the former investment banker said.

Will The Election Be Hacked: FBI Finds "Foreigners" Breached Two State Election Databases

With both political parties increasingly sensitive to allegations of electoral rigging in the upcoming presidential elections, whether due to direct manipulation of the counting process or as a result of "hacks" potentially leading to accusations of vote rigging by the losing candidate and their supporters, today's striking news that the FBI has evidence that hackers targeted two state election databases in recent weeks may be a harbinger of what is to come. 

Oil Extends Losses As 'Short-Squeeze' Ammo Is Now Exhausted

WTI Crude is now down 6% from last week's highs, back below $47 as supply concerns (Abu Dhabi production rise and ConocoPhilips' CEO comments) and OPEC freeze talks doubts have combined with the biggest collapse in speculative short positions in history (following the Saudi statement) - removing the last 'short-squeeze' leg of support from this dead-cat-bounce.

Frontrunning: August 29

  • Central Bankers Spurn Call for Radical Approach at Jackson Hole (BBG)
  • Turkey deepens Syria offensive, at odds with U.S. (Reuters)
  • Another red line: U.S. says clashes between Turkish forces and opposition in Syria 'unacceptable' (Reuters)
  • Iceland Raises Alarm After Largest Volcano Starts to Rumble (BBG)
  • On Syria, Democrats look to deflect the conversation (AP)

Iran Deploys Russian S-300 Surface To Air Missiles At Its Fordow Nuclear Facility

A few short months after Iran publicly demonstrated the arrival of Russian S-300 missile systems, overnight Iran's state media reported that Tehran has deployed the Russian S-300 surface-to-air missile defence system around its Fordow underground uranium enrichment facility. Iranian state TV on Sunday aired footage of deployment of the recently delivered missile system to the nuclear site in the central Iran.

Global Stocks Slide, Futs Flat; Commodities Down On Stronger Dollar As Hike Odds Reprice Higher

The dollar index rose to a two-week high on Monday, while bond yields jumped to their highest since June and global stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate increase was on the cards in the near term. The Fed effect - and the stronger dollar - reverberated through markets, pressuring stocks in Europe and emerging markets, pushing oil below $47 and the commodity complex lower.