Reuters

Is Trump Deliberately Throwing The Election To Clinton?

"I am not saying that I believe Donald Trump is trying to throw the election to Hillary Clinton, but I am saying this is a prospect that is now worth seriously considering if the endless series of Trump blunders and gaffes continues."

Merkel Urges German CEOs To Hire Refugees

Merkel has invited executives from some of Germany's biggest listed companies to attend a summit next month where she will urge them to hire more refugees. According to Germany's Bild, the government wants to get as many as possible refugees into the job market, which would reduce their dependence on the state. This is great news for Deutsche Bank, which now has many potential candidates for a "scapegoat" CEO as the company's woes accelerate.

How The ECB Helped Buy Krispy Kreme

Central banks bought 21% of JAB Holdings' 150m bond increase, a transaction that coincided with the first day of the European Central Bank's Corporate Sector Purchase Programme. According to the distribution statistics seen by IFR, central banks and officials institutions were the second biggest buyers of the May 2023 tap via Deutsche Bank and HSBC.

Mexico's "Legendary" Oil Hedging Desk Is Quietly Preparing For The Next Plunge

While oil longs and Saudi Arabia are enjoying this week's latest, substantial short squeeze, prompted if not so much by the latest set of cheerful, if repetitve, IEA "rebalancing" forecasts, the fundamental reality as confirmed not only by a recent Morgan Stanley report which sees oil dropping to the mid-$30s, but also by the just released Baker Hughes oil rig count which reported a spike of 15 rigs in the past week, the most since 2015, suggests that there is more downside pressure in store for oil. Some are already actively hedging for just that.

Frontrunning: August 12

  • Stocks Hit New Highs, and That Could Be Just the Start (WSJ)
  • China Slows as Stimulus Impact Wanes (WSJ)
  • How the China Shock, Deep and Swift, Spurred the Rise of Trump (WSJ)
  • Italian Economy Unexpectedly Stagnates in Threat to Renzi (BBG)
  • Clinton disparages Trump's economic plan, vows to help workers (Reuters)

Futures Rise, Global Stocks Flat After Ugly Chinese Economic Data

One day after all three US indexes hit record highs for the first time since December 31, 1999, US equity index futures, European stocks and Asian equities are little changed after the Nikkei jumped on the back of a Yen weakness, while China reported disappointing economic data and the PBOC suggested that the flood of new debt is slowing which pushed Chinese stocks higher by 1.6% on hopes of more stimulus.

Erdogan Threatens To Abandon US Dollar In Trade With Russia

According to Turkey's Gunes newspaper, which said that as part of the discussion between Putin and Erdogan on Tuesday, the Turkish president suggested to abandon the US dollar in bilateral trade between Turkey and Russia, and instead to transact directly in lira and rubles.

Staggering Corruption Reveals NATO/NASA 'Lies' At The Heart Of The Pentagon

News like 'Sailors And Marines Can Officially Declare They Are Transgenders This Fall' is being promoted to distract us from the Pentagon’s ongoing problems - its immense and murderous corruption. According to the Department of Defense inspector general’s latest report, The Pentagon still cannot officially account for some $8 trillion-plus in spending...

Venezuela Has But One Choice: Capitalism Or Chaos

There is indeed no other option, but a mere back-and-forth between these two possible scenarios. In Mises’ words, “There is no third system between a market economy and socialism. […] The choice for mankind… is between capitalism and chaos.” And as Venezuelans are slowly trying to set up a referendum to remove Maduro and his regime, they are indeed facing this very choice.