Reuters

Frontrunning: September 15

  • Global stocks struggle for footing after bond slip (Reuters)
  • Mobileye says Tesla was 'pushing the envelope in terms of safety' (Reuters)
  • Donald Trump is a problem for the whole world, EU's Schulz says (Reuters)
  • Stuck on Ship, One Gloomy Hanjin Crew Waits to Learn Its Fate (WSJ)
  • U.K. Approves EDF’s £18 Billion Hinkley Point Nuclear Project (BBG)

The World Is Turning Ugly As 2016 Winds Down

The negative reverberations in our current economic and political environment are becoming so strong that it is impossible for people to not feel at least some uneasiness in their gut. We imagine this is the same kind of sensation many felt from 1914 to 1918 during World War I and the terrible birth of communism, or perhaps in the early 1930s at the onset of the Great Depression and the rise of fascism. Some global changes are so disturbing that they send shockwaves through the collective unconscious before they ever hit the mainstream. People know that something is about to happen, even if they cannot yet clearly define it.

The Bank Of Japan Unleashes Chaos

"...even if we have the press release listing exactly what the BoJ was going to do, the market response to various policy mixes is such a coin-flip that it’s nearly impossible to prognosticate."

"No Panic" - Why For Once, It Makes Sense To Watch What Isn’t Moving

Markets are certainly on the move. For the first time in a long time, traders are relearning that location really does matter -- if you want to survive the trade. Suddenly, “extend duration” isn’t the answer to every question. Especially when the greater fool takes a holiday. 

US To Provide Israel With Record $38 Billion In Military Aid

While the US relationship with Saudi Arabia can be described, perhaps courtesy of the latter's donations to the Clinton campaign, as one of preferential treatment when it comes to arms deals, the relationship with Israel is even simpler. As Reuters reports, the US and Israel reached an agreement on a record new package of at least $38 billion in U.S. military aid to be supplied to Israel over the next decade.

Frontrunning: September 14

  • Bayer wins over Monsanto with improved $66 billion bid (Reuters)
  • Yen trims gains as doubts creep in over BOJ easing (Reuters)
  • BOJ to make negative rates centerpiece of future easing: sources (Reuters)
  • Stocks Halt Selloff in Europe as Commodities Gains Lift Miners (BBG)
  • Donald Trump, New Team Recast His TV Image (WSJ)
  • Hanjin Brings One of World's Busiest Shipping Terminals Close to Standstill (BBG)
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 It’s been estimated that the total worldwide value of such contracts equals 150 times the amount of gold in existence in the world  ... Uh-oh   ...  This is why it’s imperative that you purchase only physical, allocated gold.


Step Aside London Whale: Goldman Is Now Using Retail Deposits To Fund Investments

Goldman has been using the proceeds from the new deposits to directly fund speculative activity such as trading and investments, as well as more conventional activity such as creating looans. Goldman Sachs built up its consumer bank, led by 40-year-old Goldman partner and credit trading veteran Gerald Ouderkirk, whose job is to use consumer deposits and other types of funding for trades, investments and loans.