KIM

Will The ECB Buy Stocks?

With The SNB and BOJ already neck deep in their equity-buying experimentation, and even Janet Yellen hinting at it for The Fed, the most pressing question on most liquidity-hunting central-planer-watchers is - when will Draghi start buying stocks? The short answer, from ABN AMRO, is ECB equity purchases are unlikely in the near term.. and even so, The ECB would be increasing the risk on its balance sheet for uncertain, and at best modest gains in economic growth and inflation.

Frontrunning: September 28

  • Stocks Rally as Deutsche Bank Slump Ends, Oil Gains Before Talks (BBG)
  • German government prepare Deutsche Bank rescue plan (Reuters)
  • German financial watchdog not working on emergency plan for Deutsche Bank (Reuters)
  • Saudi Arabia Signals Openness to Future Oil Compromise With Iran (BBG)
  • Will Congressional Face-off Over Flint Lead to a Government Shutdown? (NBC)
  • Shimon Peres, Israel's last founding father, dies at 93 (Reuters)

One "Lifelong Socialist" Norwegian's Perspective On Trump

"Despite Norwegian mainstream media and political establishment support for Hillary Clinton (They also supported Mark Rubio and Bernie Sanders when they were running), I would like to apologize for our politicians and voice my support for Trump. I believe that Americans need to think about what is at stake from lifelong socialists’ perspective. Despite what people read about Norway being the best place to live, it comes with a price."

"Dear Mark Zuckerberg. No, I Will Not Remove This Picture..."

"Dear Mark Zuckerberg. I follow you on Facebook, but you don’t know me. I am editor-in-chief of the Norwegian daily newspaper Aftenposten. I am writing this letter to inform you that I shall not comply with your requirement to remove a documentary photography from the Vietnam war made by Nick Ut. Not today, and not in the future..."

Frontrunning: September 9

  • German jitters weigh on stocks, ECB doubts lift yields (Reuters)
  • Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert (WSJ)
  • Monte dei Paschi CEO to be replaced as cash call looms (Reuters)
  • German exports plummet in July, hit trade surplus (MW)
  • North Korea conducts fifth and largest nuclear test (Reuters)
  • Hedge Fund and Cybersecurity Firm Team Up to Short-Sell Device Maker (NYT)

"It's Bordering Chaos": $14 Billion In Cargo Stranded At Sea, Crews "Go Crazy" On Hanjin Ghost Ships

The fallout from last week's historic bankruptcy of one of the world's biggest shipping lines, Hanjin Shipping, has found little resolution with as much as $14 billion worth of cargo stranded at sea: conditions are "bordering chaos," said the CEO of SeaIntelligence Consulting in Copenhagen, while the Hanjing shipping labor union added that "our ships can become ghost ships."

Abe "Strongly Protests" After North Korean Ballistic Missile Launch Into Japan's Air Defense Zone

Just a month after Japan ordered its military to a "state of alert," and as world leaders gather in China for the G-20 summit, AP reports that North Korea fired three ballistic missiles off its east coast Monday, Japanese Prime Minister Abe "strongly condemned" the actions, as the missiles fell into Japan's air defense zone, declaring the launch a clear violation of UN Security Council resolutions.

Retired Green Beret Warns: "World Governments Are Preparing For Disaster And War"

"...the world’s economies are cascading, there is civil unrest throughout Europe, civil unrest is developing in the United States, the U.S. government and the nations’ governments are preparing for disaster and war, and powder-kegs exist in Syria, Ukraine, and with North Korea that can be touched off at any time..."

"There Will Be Blood" - The Whole Game Is About Containing Russia-China

BRICS is in a coma. What’s surviving is RC: the Russia/China strategic partnership. Yet even the partnership seems to be in trouble – with Russia still attacked by myriad metastases of Hybrid War. The – Exceptionalist – Hegemon remains powerful, and the opposition is dazed and confused. Or is it?

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)