Wall Street Journal

Prospect Capital: The Enemy Within

John F. Barry III, the founder, chairman and chief executive of Prospect Capital, a Manhattan-based business development company, can't seem to get any respect.

Oil Spikes On Renewed OPEC Supply Cut Chatter, Just As Hedge Funds Turn Record Short

The key catalyst for today's spike is another convenient report by OPEC, according to which the oil exporting organization will hold informal talks at an energy conference in September. However. the biggest threat to oil's recent price decline is that, like in February, hedge funds are now massively short. In fact, according to Bloomberg, hedge funds have gone all-in on lower oil prices, counting on seasonal weakness to play out again this year. Specifically, money managers increased wagers on declining crude prices to a record as futures dropped to the lowest in more than three months.

The Propaganda War With Putin

In what has become an old fashioned American pile-on, President Barack Obama, Hillary Clinton, the Democratic Party and what seems the entire political establishment as well as the MSM, have united to undermine Putin as if to prime the American public for war with Russia. A little hysteria wouldn’t hurt but most of all, a necessary requirement is to efficiently tutor the public consciousness to despise the adversary... War is, after all, more successful when the people have been thoroughly programmed.

Preparing For A World Without Cash

Central bankers throughout the world, from Canada to Ireland, have recently indicated that they might issue digital currency in the future... but, the centralization of banking under this system would also create a Leviathan with the power to monitor and control the personal finances of every citizen in the country.

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)