Now that all eyes have turned on China eager to find how it will react to a potential Fed rate hike in June or July, the question is whether the sharp Chinese devaluation unveiled overnight, which sent the Yuan to fresh 5 year lows, will be a one-off event, and whether the PBOC will intervene far more aggressively in the offshore CNY market to keep FX market turmoil to a minimum. According to at least one person, the answer is no.
We didn’t do anything wrong, but we’ll stop doing it.
CME Group Inc., the world’s largest exchange operator, just completed an upgrade traders said would eliminate a shortcoming that gave some participants an advantage. Under the old system, data connections that linked customers to CME -- where key products like Treasury futures and contracts tied to the Standard & Poor’s 500 Index trade -- had noticeably different speeds, opening up the potential for gaming, according to traders and other experts. Those who knew how to gain faster access could increase their odds of being first in line to trade.
What remains to be answered definitively is whether or not George Soros and Open Society Foundations are funding a highly politicized opposition movement in order to weaken the democratically elected new Polish government despite an overwhelming and unprecedented popular mandate.
Just days after a report that two Chinese J-11 fighter jets buzzed a US spy plane above the South China Sea, Beijing has officially escalated its displeasure at US surveillance up the chain of command and as Reuters reports, Beijing has demanded an end to all U.S. surveillance near China. "It must be pointed out that U.S. military planes frequently carry out reconnaissance in Chinese coastal waters, seriously endangering Chinese maritime security," China's Foreign Ministry spokesman Hong Lei Hong told reporters, adding that "we demand that the United States immediately cease this type of close reconnaissance activity to avoid having this sort of incident happening again."
It really does not matter what brand of social system we implement. It really does not matter what kind of economic model we employ. It really does not matter if we somehow find a way to promote enlightened thinking on a massive scale. None of it matters if we do not also confront the organized evil of the globalist cabal. It is interesting how many people strive so hard to avoid acknowledging the fight that is coming by clinging to the notion that the globalists are “misunderstood” or “not important” in the grand scheme of things.
While the US obssesses over the taxable Adjusted Gross Income of real-estate billionaire Donald Trump (and has to be content with his just released 104 personal financial statement posted here), another just as (if not more) important number was revealed in a financial disclosure form filed on Tuesday night by Hillary Clinton’s campaign. Accordingly, Bill and Hillary Clinton have earned $6.7 million from paid speeches since the beginning of 2015, including $2.7 million from speeches the former president gave after his wife officially kicked off her White House bid last April.
On Tuesday, the US Senate passed the Justice Against Sponsors of Terrorism Act. 'Coincidentally', on the same day, the New York Times revealed a document published by the National Archives that appears to offer a glimpse into potentially damning information contained in the so-called ‘missing’ 28 pages concerning the attacks on September 11, 2001. Pushing back on the criticisms that the bill was only passed to specifically target Saudi Arabia (which it was of course), Schumer stated "Look, if the Saudis did not participate in this terrorism, they have nothing to fear about going to court."
Since the beginning of the year, the greenback has shown it's not almighty after all; and gold - the barbarous relic as some have called it - may be en vogue again? Where are we going from here and what are the implications for investors?
Interviews in a civil lawsuit with current and former State Department officials concerning former Secretary of State Hillary Clinton’s use of a private email server will begin this week. Lewis Lukens, a former deputy assistant secretary of state, will be interviewed under oath in the first deposition taken as part of a lawsuit by the conservative watchdog group Judicial Watch over access to Mrs. Clinton’s records during her time in office.
In a repeat of the fiascos involving the IRS' Lois Lerner, and more recently, none other than Hillary Clinton, the CIA’s internal watchdog “inadvertently” deleted its only copy of the Senate report on torture techniques employed by the agency in the wake of 9/11 – and did so while the Justice Department was insisting in court that copies were being stored.
“But there is of course a much bigger reason why Apple and Didi were so keen to join forces: The deal is an incredible “f### y##” to Uber, a company that neither Apple nor Didi want to get much more dominant in the US... The clues that this was not just an investment but a Statement were easy to spot: A billion dollars isn’t a random number — it’s a headline-grabbing way to telegraph This Is A Big Deal.” So here we have what could be the poster-child for all unicorn valuation metrics (i.e., Uber) having their valuation story for future investment and/or IPO dreams gutted in one fell swoop by Apple.
Mrs. Clinton’s folks are preparing for the worst. They have leaked nonsense from “U.S. officials” that the feds have found no intent to commit espionage on the part of Mrs. Clinton. Too bad these officials - political appointees, no doubt - skipped or failed Criminal Law 101. The government need not prove intent for either espionage or for lying to federal agents... And it prosecutes both crimes very vigorously.
- Trump’s Early Backers on Capitol Hill See Their Profile Raised (WSJ)
- Oil prices rise toward six-month high, tightening supply (Reuters)
- EIA says outlook for oil brightens as output disruptions erode surplus (Reuters)
- Investors Fleeing $9 Trillion of Negative Yields Fuel Bond Binge (BBG)
- Beaten-Up Hedge Fund Billionaires Reminisce About 'Golden Age' (BBG)
The Militarization Of America's Police: Despite Obama Promises, War-Weapon Spending Soared In 2014/15Submitted by Tyler Durden on 05/11/2016 18:30 -0400
The militarization of America's police has been a topic of concern for years (most openly since The Boston Marathon bombing in 2013) but reached a crescendo in 2014 amid Ferguson's riots when the average joe was exposed to MRAPs up close and personal. In October 2014, President Obama began planning to increase funding for military equipment transfers to the police, but then in May 2015, he flip-flopped - proclaiming his goal to de-militarize the police. However, this was another lie. As Forbes reports, despite Obama's pledge to demilitarize the police new federal data shows that 2014 and 2015 were peak years for shipments of surplus military gear to local police departments across America.