Via FFWiley.com, July auto sales (released today and charted below) remained weak and should trigger a few recession forecasts. In fact, over the past few months we’ve read about half a dozen … [Read more...]
It’s Not The Economy, Stupid – Trader Warns “It’s All About The Euro”
With the dollar set for its worst year in 32 years (and if that trend continues, a considerably bigger drop from here), the euro is at its strongest since January 2015 - to Draghi's dismay - as no … [Read more...]
Two US Troops Killed In Afghanistan After Taliban Suicide Attack
Two U.S. troops were killed in Afghanistan on Wednesday according to Reuters when a NATO convoy came under attack in Kandahar province, Pentagon spokesman Navy Captain Jeff Davis said, with NATO … [Read more...]
Electric Car Fever
Authored by Eric Peters via EricPetersAutos.com, Maybe you remember Disco Fever. Mid-70s, United States. For no apparent reason, suddenly everyone seemed to be singing in a high-pitched falsetto voice … [Read more...]
Venezuela Bolivar Loses A Third Of Its Value In The Past Week
With events in Venezuela now well into the endgame, following US sanctions that named "dictator" Maduro personally and a likely subsequent sanction that will cripple Venezuela's oil industry promptly … [Read more...]
Why the Government Hates Your Car
Via The Daily Bell How could The Daily Bell be so clueless and naive about autonomous vehicles? A lot of you pointed out in the comments of a recent article called 5 Huge Benefits of Self Driving … [Read more...]
Turks Panic-Buy The Most Gold Ever In July
A funny thing has happened in Turkey since President Recep Tayyip Erdogan installed himself as 'Sultan for life'... The Lira collapsed... And Turks have been importing gold at an unprecedented … [Read more...]
RBC Warns Of Looming “Cocktail For Fall Volatility”
As the world watched with bated breath for any dovish tilt from Draghi this morning, RBC's head of cross-asset strategy Charlie McElligott laid out his game-plan. While the EUR is higher (hawkish), … [Read more...]
US Official Admits North Korean Missiles Aren’t Threat To America
Authored by James Holbrooks via TheAntiMedia.org, Geopolitical moves are being made on the issue of North Korea. A day after South Korea’s new government offered to hold military talks with its … [Read more...]
The “Wipeout Scenario”: 250% Losses If VIX Spikes To 20
By Francesco Filia of Fasanara Capital How Bad a Damage If Volatility Rises: The Bear Trap of Short Vol ETFs As if there was any need for any more threats to financial stability in a world … [Read more...]