Wall Street Journal

Frontrunning: August 5

  • Expected solid job gains seen as boost to economy (Reuters)
  • Oil prices slip as short-covering rally fizzles (Reuters)
  • Hillary Clinton’s Lead Over Donald Trump Widens to 9 Points, Poll Shows (WSJ)
  • Justice Department Officials Raised Objections on U.S. Cash Payment to Iran (WSJ)
  • Terrorist Suspects in Europe Got Welfare Benefits While Plotting Attacks (WSJ)

Pompeo: Iran "Ransom" Payment Is Obama’s Iran-Contra Scandal

“Reports of the U.S. paying Iran $400 million in pallets of cash, using other currencies in order to circumvent American law, is something of Hollywood films—and is reminiscent of the Iran Contra scandal,” Rep. Mike Pompeo said in statement. “Have we not learned we cannot trust the world’s largest state sponsor of terrorism?”

White House Caught Secretly Airlifting $1.7 Billion US Taxpayer Cash To Tehran To Ensure Iran Nuclear Accord Success

What Donald Trump has proclaimed the worst deal ever made, may just have become worst-er. The shocking truth behind the US-Iran nuclear deal, as WSJ reports, is the Obama Administration airlifted $1.7bn of cash in 'compromise' payments (read - bribe) to Tehran to ensure the release of 4 captured sailors coincidentally the same weekend as the signing of the nuclear deal.

Central Banks Are In A Lose-Lose Situation: Low-Rate-Policy "Has Rendered The System Profoundly Fragile"

"...abandoning the low interest rate policy would likely trigger a severe recession... but, continuing this policy would distort and corrode the economic structure even more, which would jeopardize the business model of pension funds, insurers and banks, and further inflate the real estate and stock market bubbles. The low interest rate policy has rendered the system profoundly fragile, with central banks virtually in a lose-lose situation."

The 50 Altered States Of American Housing

“I think we can let go of the idea that if builders build more homes, then somehow homes overall will be more affordable... We have a permanent housing inflation problem that started four decades ago and will not be easily cured by dithering with the inventory of larger homes.”

Islamist Terrorism, European Denial

"The concept of the rule of law means that the citizen is protected from the arbitrariness of the State... Currently, the rule of law protects the attackers above all."

Oil Industry About To Be Burned Again By Fall In Oil Prices

The current oil-price rally led many to believe that a full price recovery was underway. But inventories have been too large for that to happen short of epic supply interruptions. U.S. rig counts have surged as oil prices sink. Capital is driving the oil markets and it enables bad behavior by producers. That is why oil prices will stay low. The oil-price rally that began in February is over.