Trump Meeting With Rosenstein, Wray On Spying Concludes: Congress To Get All “Highly Classified” Requested

As previewed earlier, on Monday afternoon president Trump met with Deputy Attorney General Rod Rosenstein, FBI Director Chris Wray and the Director of National Intelligence Dan Coats, in a discussion of the latest developments in the bombshell report that the Obama administration used a longtime…

US Scrapped B-52 Military Drill With South Korea After Kim Jong Un Complained

Earlier this week we reported that in response to North Korea’s decision to suspend talks with the South and threatening to cancel the historic June 12 summit between Kim Jong-Un and Donald Trump, the US was considering withholding its B-52 bombers from joint exercises with…

IG Horowitz Finds FBI, DOJ Broke Law In Clinton Probe, Refers To Prosecutor For Criminal Charges

As we reported earlier Thursday, a long-awaited report by the Department of Justice’s internal watchdog into the Hillary Clinton email investigation has moved into its final phase, as the DOJ notified multiple subjects mentioned in the document that they can privately review it by week’s end, and…

BofA: “January 2, 2019, Is The Day The Markets Go Back To Basics” – Here’s Why

Earlier today, when discussing the potential threat facing Italian bonds now that a “populist, anti-establishment” government consisting of the Five Star Movement and the League appears inevitable, we pointed out the elephant in the room, first highlighted by Citi last December, when the bank observed…

China Unveiling Next-Generation Stealth Bomber

Earlier this month, the magazine cover for Chinese aerospace magazine Aviation Knowledge highlighted an artist’s rendition of the next-generation strategic stealth bomber Xian H-20, which Beijing is currently developing. According to The Diplomat, a small number of English-language newspapers in the region have commented on this secret…

WTI Soars Above $69, Gold Jumps After Bibi Alleges “Secret Iran Nuclear Weapon Plan”

WTI has just broken above $69, spiking from as low as $67 earlier, following accusations from Israeli PM Netanyahu  that Iran had a secret plan to build nuclear weapons… Bibi says that Israel has secret files from Iran’s nuclear program showing the project has all…

Hedge Fund CIO: The Investing Story For The Next 7 Years Is Profit Destruction

Following up on our earlier post on the latest musings by One River CIO Eric Peters, here is a bonus anecdote from his latest Weekend notes, looking at why the future may be exactly the opposite of what conventional wisdom believes. Anecdote “Where will we…

Foreign Buyers Return As Treasury Sells 7Y Paper At Highest Yield Since April 2010

After a poor 2Y and an average 5Y auction earlier this week, the Treasury concluded this week’s issuance with a strong sale of $29BN in 7Y paper. The auction priced at 2.952%, 23bps above the March stop of 2.72%, but stopping through the When Issued…

IRD: “The System Will Have To Collapse”

Via InvestmentResearchDynamics.com, The public pension fund system is approaching apocalypse.  Earlier this week teachers who are part of the Colorado public pension system (PERA) staged a walk-out protest over proposed changes to the plan, including raising the percentage contribution to the fund by current payees and…

Russia Threatens To Halt Critical Rocket Engine Exports To The U.S.

Despite earlier reported hopes that Putin seeks a deal with Trump, as opposed to escalating tensions, it appears Russia is planniong to do just that. Last Friday (the 13th), just before the US, UK and France launched 105 Tomahawk missiles at Syria, we noted  that…