Cash Funding Shortage Soars To Highest Since Financial Crisis In Repo
Two days ago we noted that as we approached the quarter end’s window dressing, when the financial system’s balance sheet most closely approaches what it would be like without Fed…
Greece Says It’s “Safe” From Deutsche Bank Turmoil
“We now have the tools, which didn’t exist in the past, to tackle difficult situations,” Bank of Greece Governor Yannis Stournaras tells reporters in Athens, when asked about developments in…
Did Trump Support The Iraq War Or Not?
The way Lester Holt “corrected” Donald Trump at Monday’s debate (as he was clearly instructed to do) regarding the Iraq War, you’d think the answer to whether he supported it…
Congress Gets “Case Of Rapid-Onset Buyer’s Remorse” One Day After Passing 9/11 Bill
Apparently Congress will never learn that “passing a piece of legislation so you can see what’s in it” is never a good strategy. It certainly didn’t work out well with…
The Fed’s Monetary Politburo Is Finally Catching Some Flack
Submitted by David Stockman via Contra Corner blog, Now that’s more like it. Echoing Donald Trump’s Monday night bull’s-eye regarding the Fed’s thoroughly political essence, Rep. Scott Garrett put more…
US Oil Rig Count Rises Most In Q3 Since 2009
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Project Mayhem – Man Calmly Enters Apple Store And Crushes Every iPhone In Sight With A Ball Bearing
It is unclear what caused this Frenchman to walk into an Apple store and crush every single iPhone in site with a metal ball bearing but that is exactly what…
Inside France’s “The Jungle” Migrant Camp
Submitted by Soeren Kern via The Gatestone Institute, In 2001 alone, 54,000 people “attacked” the Channel Tunnel terminal in Calais and 5,000 had gotten through. Migrants evicted from Calais moved…
Satellite Imagery Reveals China’s Strategic Petroleum Reserve Is Vastly Greater Than Disclosed
At the end of August, we did a follow up article on what we believe is a far bigger marginal driver to the price of oil than OPEC production (which…
Tax Reform: Committee Recommends Tax Relief For SMEs
Small and Medium Scale enterprises as well as budding entrepreneurs can start heaving a sigh of relief if the words of the Minister of Finance, Mrs Kemi Adeosun, is anything…