SWIFT

When In Doubt, Nuke China

"A situation in which the US military feels 'unhampered' has precedent – and, as General MacArthur's endeavors in Korea prove, it's something to be afraid of..."

4 Financial Components To Improved Russian Relations

"With the U.S. preparing to confront China and go to war with North Korea, Russia is an indispensable ally for the U.S... There are huge implications on capital markets as these hegemonic powers continue to edge toward war..."

Is This The Bubble?

"Every major market peak, and subsequent devastating mean reverting correction, has ever been the result of the exact ingredients seen previously. Only the ignorance of its existence has been a common theme."

What Trump's Venezuela Sanctions Will Do To Oil Prices: Barclays Explains

"A sharper and longer disruption could raise oil prices at least $5-7/b and flatten the curve structure despite an assumed return of some OPEC supply, a more robust US shale response, and weaker demand. It may be just the opportunity OPEC needs to exit its current strategy." - Barclays

EU To Retaliate "Within Days" If US Imposes New Sanctions On Russia

According to an internal memo leaked to the press, Brussles said it should act "within days" if new sanctions the US plans to impose on Russia prove to be damaging to Europe’s trade ties with Moscow. Retaliatory measures may include limiting US jurisdiction over EU companies.

One Way Or Another – Venezuela Will Send Oil Prices Up

What happens next is unclear. The government and the opposition are heading for a major clash over the July 30 vote to revise the constitution. The opposition fears a dictatorship-in-the-making. But either way the country’s economy is standing at the abyss. There is no way out of the downward economic spiral for Venezuela in the short run without significantly higher oil prices.

Frontrunning: July 19

  • Republicans consider bipartisan healthcare talks (Reuters)
  • Health Care Collapse Could Leave Trump Winless in His First Year (BBG)
  • Republicans to Push Ahead on Repeal of Affordable Care Act (WSJ)
  • Obscure Coal CEO Rains Money on Trump While Outflanking Rivals (BBG)
  • GOP Tries to Regroup on Obamacare Repeal as Trump Lashes Out (BBG)