Frontrunning: September 1

  • Global shares snap losing streak as oil ends its decline (Reuters)
  • Trump returns to hardline position on illegal immigration (Reuters)
  • U.S., others agreed to 'secret' exemptions for Iran after nuclear deal (Reuters)
  • China’s Factory Gauge Unexpectedly Rises to Highest Since 2014 (BBG)
  • Weak Pound Drives U.K. Factories Back From Brexit Shock (BBG)
  • Elon Musk Faces Cash Squeeze at Tesla, SolarCity (WSJ)

"All Eyes On Central Banks" In September, But "No Reason To Smile"

September will be quite a busy month for investors since there are around 30 major central banks meetings scheduled. Since the Bank of England’s last policy announcement, the total monthly amount in global official quantitative easing has reached almost $200 billion, which corresponds, for the purpose of comparison, to Portugal’s annual GDP in 2015. Long-rumoured and oft-discussed, QE infinity is now a reality.

Europe Reels As A New Wave Of Refugees Begins To Flood The Continent

Angela Merkel, and Europe in general, had hoped they had managed to move beyond the unprecedented wave of refugees unleashed on the content in 2015 courtesy of the German Chancellor's open door policy, with the fragile March 2016 refugee deal signed with Turkey. Sadly - for both Europeans who have suffered a surge in terrorist attacks as a result and for Merkel, whose approval rating has subsequently plunged - Europe is once buckling under the weight of a new wave of migrants.

Obama Admits 10,000 Syrian Refugees: This Is Where They Are Headed

Yesterday, the White House announced that the US had met President Obama’s goal of admitting 10,000 Syrian refugees into the country; it did so ahead of schedule.  So where are they going: the top state destination for refugee influx are the states of Michigan and California.

Greek 'Thought Police' Prosecute Bishop For (Accurately) Calling 'Refugees', "Illegal Migrants"

Greece is presently in the "coalmine" of an endless economic and immigration crisis. This month, for the first time, there was a request to activate an anti-racist law, passed in September 2014, against a Greek citizen who also has institutional status. The government asked the district attorney to prosecute the Bishop of Chios Island, Markos Vasilakis, because he dared to say, during a sermon, that the thousands of people who recently arrived from Turkey on the island of Chios are illegal migrants, and not Syrian refugees.

"There Will Be Blood" - The Whole Game Is About Containing Russia-China

BRICS is in a coma. What’s surviving is RC: the Russia/China strategic partnership. Yet even the partnership seems to be in trouble – with Russia still attacked by myriad metastases of Hybrid War. The – Exceptionalist – Hegemon remains powerful, and the opposition is dazed and confused. Or is it?

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)

Don't Think Armageddon, Think "A Thousand Balls Of Flame... And Then Crickets!"

A whiff of World War III hangs in the air. In the US, Cold War 2.0 is on, and the anti-Russian rhetoric emanating from the Clinton campaign, echoed by the mass media, hearkens back to McCarthyism and the red scare. In response, many people are starting to think that Armageddon might be nigh - an all-out nuclear exchange, followed by nuclear winter and human extinction. It seems that many people in the US like to think that way. But most of the recent American warmongering toward Russia can be explained by the desire to find anyone but oneself to blame for one’s unfolding demise.

New Evidence Reveals Iran Evaded Sanctions, Continued Nuclear Weapon Development With Venezuela

New evidence suggests Iran received help from Venezuela with its nuclear program despite a decade of U.N.-mandated sanctions aimed at curbing the rouge regime’s controversial nuclear and ballistic missile programs. A 2009 document obtained by Brazil’s leading weekly, Veja magazine, shows late dictator President Hugo Chavez signing off on the release of funds to help Iran with its nuclear ambitions.