North Korea

North Korea Claims 5 Million New Soldiers Enlisted Ahead Of "Imminent Provocation"

In what we imagine is an exaggerated figure, North Korea claimed Thursday that some 4.7 million students and workers have volunteered to join or re-enlist in the North Korean army since Dear Leader Kim Jong Un called US President Donald Trump a “dotard” and vowed to retaliate against US threats of destruction during a televised speech last week.

Global Bond Rout Accelerates Even As Dollar Rally Fizzles

In a continuation of trading patterns observed over the previous two days, on Thursday the global bond rout deepened in the aftermath of the release of President Trump’s tax-cut plan, Janet Yellen's recent hawkish comments and renewed optimism over the health of the U.S. economy.

Brandon Smith Rages: "NFL Players Have A First Amendment Right To Act Like Little Bitches"

"If you are going to use race and social inequality as a crux for your theatrical displays of 'defiance' as you are cashing checks for millions in sponsorship deals paid for primarily by white people, then I think you will find most of America laughing at you in the end...understand that you have delusions of grandeur. You are NOT Jesse Owens proving your worth in the face of Hitler's Aryan dystopia..."

TDB's picture

Time is the most precious of human resources, and morbidly limited. The media is robbing you, they are stealing your time. But unlike the actions of football players and Presidents, you can control your own time. Spend it wisely.

Frontrunning: September 27

  • Trump Will Let Congress Decide on Tax Rate for Top Earners (BBG)
  • Conservative firebrand defeats Trump pick in Alabama primary for U.S. Senate (Reuters)
  • U.S. Commerce Secretary says market access, protectionism top China issues (Reuters)
  • U.S. slaps steep duties on Bombardier jets after Boeing complaint (Reuters)
  • Dismayed Britain chides Boeing over Bombardier ruling (Reuters)

Dollar Surges, Bonds Dump Ahead Of Trump Tax Plan

S&P futures are set for a higher open (+ 0.1%) despite the expected hit to the Dow from Nike, as European stocks gain while Asian shares dropped. Like yesterday when the big story was the jump in the USD ahead of Yellen's (rather hawkish) speech, so today the greenback's levitation has continued, this time propelled by the imminent unveiling of Trump's tax plan.