China

China

Frontrunning: November 20

  • Merkel faces worst political crisis of her career (FT)
  • Merkel’s Failure Is Bad News for May (BBG)
  • Trump open to dropping healthcare provision in Senate tax bill: aide (Reuters)
  • Bitcoin's White-Knuckle Ride Continues as It Dashes Past $8,000 (BBG)
  • UK Preparing Enhanced Brexit Cash Offer (BBG)

South Detects "Engine Test" At North Korean Nuclear Facility

More than two months have passed since North Korea held one of its missile tests - the longest period of tranquility this year, although it may be ending soon: South Korea’s National Intelligence Service warned on Monday that it has detected suspicious activity at the North’s missile research facility.

Russia's Arms Sales To Middle East Countries Spike To Record-High Levels

"It’s not S-400 only. Russian weapons, especially aircraft and air defense systems, have proven to be a cost effective alternative to much more expensive Western systems...All in all, the spike in Middle East arms sales is a success story for Russia’s defense industry. "

Golden Catalysts

"The physical fundamentals are stronger than ever for gold...There’s just not that much gold available. But in the paper gold market, there’s no limit on size, so anything goes."

Is America In Terminal Decline?

"The cut-off point is 2009... Before that, borrowing could create the illusion of a rising standard of living. Those days are gone. And it’s very hard to see, when you take a good look, what could make them come back."