Previewing The BOJ's Decision: What Wall Street Expects Will Happen

As BBG's Vincent Cingarella says, nothing short of a Herculean effort is likely to weaken the Yen over the long-term amid speculation about what the BOJ and government stimulus will look like. Over the short-term it is a different story. Here is what Wall Street thinks The Bank of Japan will announce today.

Excerpts From Hillary Clinton's Speech

"The choice we face is just as stark when it comes to our national security. Anyone reading the news can see the threats and turbulence we face. From Baghdad and Kabul, to Nice and Paris and Brussels, to San Bernardino and Orlando, we're dealing with determined enemies that must be defeated. No wonder people are anxious and looking for reassurance -- looking for steady leadership.

Russia To US: "Sort Out Your Own Hacking Scandal; It Is Not Our Headache"

"As regards these (email) batches, that is not our headache. We never poke our noses into others' affairs and we really don't like it when people try to poke their nose into ours," he said. "The Americans needs to get to the bottom of what these emails are themselves and find out what it's all about."

Black Hope Matters

Amid Trump's reported racist fire and brimstone and a series of cop shootings in the last few weeks, confidence among black Americans has soared to three-month highs... as white Americans' comfort slides to one-month lows...

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.”

USDJPY Just Flash-Crashed

As the world anxiously awaits every word from Kuroda's lips tonight, it appears liquidity just collapsed in USDJPY as the currency pair just crashed 200 pips instantly on evidently no news headline or catalyst...

David Stockman Warns "2008 Was Just Spring-Training For What Comes Next"

In effect, America has undergone a rolling national LBO since the Gipper’s time in office; so the U.S. economy is now stuck in the ditch because it has leveraged itself to the hilt over the past three decades. The vast majority of Americans are no longer living the dream because Wall Street speculators and Washington politicians alike have led them into a debt-fueled fantasy world that is coming to a dead end.

Amazon Smashes Expectations As Cloud Profits Soar; Stock Dips Then Jumps

Amazon has done it again. Moments ago Jeff Bezos' company reported Q2 earnings that blew away expectations, when it printed revenues of $30.4 billion, well above the expected $29.6 billion, up 31% Y/Y, and generating EPS of $1.78 more than 50% higher than the $1.12 expected.