World Bank

Frontrunning: August 26

  • Global equities set 2-week low before Yellen speech, dollar dips (BBG)
  • Lochte signs new endorsement deal, legal woes persist in Brazil (Reuters)
  • Blackstone Unleashes Cash Hoard in Texas Shale Oil Land Grab (BBG)
  • China to prosecute former statistics bureau chief for corruption (Reuters)
  • Turkey fires on U.S.-backed Kurdish militia in Syria offensive (Reuters)

Government Study Admits Fed Policies Have Deepened Downturn For Many

People, more and more of them, understand the impossibility of improving the economy by giving a handful of people the power to expand or contract the money stock at will. In simplest terms it is a ridiculous idea. It can’t work. It doesn’t work. And this analysis is further proof. And sooner or later the current system will not have the necessary popular support to survive.

Multipolar World Order: Economics Vs. Politics

The transition from a unipolar to a multipolar reality has already changed many aspects of international relations. A revolution that will change everything like nothing in recent history is taking place, forever altering the delicate balance upon which international relations hitherto rested.

George Soros Hacked, Over 2,500 Internal Docs Released Online

Over two thousand internal documents from groups run by George Soros were leaked online Saturday after hackers infiltrated the groups. The 2,576 files were released by DCLeaks, a website which claims to be “launched by the American hacktivists who respect and appreciate freedom of speech, human rights and government of the people.”

The End Of A Trend: Oil Prices And Economic Growth

Far from a sign of good things for the economy as whole, recently declining oil prices now tend to indicate a weakening economy that was already in a weak state. It turns out that the oil price and the economy are now in a very tight relationship, and we are going to be seeing them together a lot for a long time to come.

Global Trade Is Not Growing Slowly... It's Not Growing At All!

"Falling rates of global trade growth have attracted much comment by analysts and officials, giving rise to a literature on the ‘global trade slowdown’ giving the impression of world trade losing momentum, but growing nonetheless. The sense of the global pie getting larger has the soothing implications... but our first finding that the rosy impression painted by some should be set aside...trade volumes have plateaued... Except during global recessions, a plateau lasting 15 months is practically unheard of since the Berlin Wall fell."

Barack Obama Will Be The Only President In History To Never Have A Year Of 3% GDP Growth

Q2's US GDP growth data just crushed President Obama's 'fiction-peddling' that everything is awesome and those doom-and-gloom reality-pushers are cynical skeptics. Simply put, average annual growth rate during the current 'Obamanomics' business cycle remains the weakest of any expansion since at least 1949 leaving the orator-in-chief on track to be the only President in U.S. history to never have a single year when the economy grew by at least 3%.

IRS Launches Investigation Of Clinton Foundation

Lawmakers charged the Clinton Foundation is a “lawless ‘pay-to-play’ enterprise that has been operating under a cloak of philanthropy for years and should be investigated.”

"The System Has No Chance Of Regaining Stability"

"I see people saying the system is unstable. Fine, as long as they realize it has no chance of regaining stability, not with its present components. There will have to be a big clean-up. But it will be messy. A very limited number of people, with all of their minions, control the entire now unstable edifice, and they’ll fight tooth and nail to keep their power. Nevertheless, they’ll lose."