Doug Noland's weekly missive " Data and a Carefree Bond Market " , plus his usual observations on markets and developments for the week.
Looks like the #Euro has topped. At least the Hedge Fund guys have cut their bullish Euro bets by another 9% to net 82,637 long positions.
Global bonds have lost $88.2bn in value this week despite yields declined around the world BUT decent US jobs data inspired dollar rally.
Global stocks have gained another $400bn in mkt cap this week to $78.5trn, equals to 104% of global GDP, mainly driven by decent Q2 reports.
The latest Bitcoin Price Index is 3,301.38 USD http://www.coindesk.com/price/
Bitcoin explodes above 3,000 USD while Bitcoin Cash crashes again...
New South Korean unilateral sanctions: What are Moon’s options? https://buff.ly/2vuSJQi
Unanimous vote at UNSC for new sanctions against North Korea...
You can check N. Korea's detailed trade statistics (exports and imports) here:
The UNSC has passed more sanctions on North Korea, prohibiting the country from exporting coal, iron, iron ore, lead, lead ore and seafood.
Well , here's this-US is preparing for a "preventive war" with North Korea among many options to deal with its missile and nuclear threats.
Will Russia and/ or China block this round of sanctions ?
Conference comes as UNSC prepares to vote on a resolution for tougher sanctions on North Korea for its recent ICBM tests.
THIS-Dr. Peter V. Pry, formerly an analyst with the CIA, and now the head of the Committee to Assess EMP (Electromagnetic Pulse) Threats 1
against the U.S., is the foremost expert on such threats and briefs Congress on them annually. Dr. Pry has assured Congress countless 2
times that North Korea not only has miniaturization capabilities regarding nuclear warheads, but also has that capability regarding 3
the deployment of an EMP weapon. 4
No member state purchases N. Korean coal for three months: UN https://buff.ly/2wgN6D0
Seoul must end its “lunacy” if it wants inter-Korean talks: N. Korean media https://buff.ly/2v30355
Moon’s five year plan for “peace and prosperity” in Korea, a summary https://buff.ly/2wcpD66
Today's Nuclear North Korea Is Yesterday's China: Lessons From History
What researchers in North Korea think about the new U.S. sanctions against the DPRK https://buff.ly/2v1Up35
Panama continues to register vessels with clear ties to Pyongyang, NK Pro investigation reveals https://buff.ly/2upKrES
What Moscow wants: Russia’s vision for North Korea’s future https://buff.ly/2v20tIZ
Seoul has only a few options left if it wants to increase pressure on Pyongyang https://buff.ly/2u991i8
Very interesting. Some observations:
1) I think the extra 900km on the apogee comes almost entirely from the extra 6 seconds on the 1st stage.
Fits our model & makes sense, esp if both launches used fully fueled 1st stages. July 4 cut off early, leaving 1+ ton of fuel in the tank.
July 28 didn’t cut off early. At the end of 1st stage, the thrust-to-weight ratio is very high, so 6 extra seconds makes a big difference.
Turkey - EU Deal Update...
Poland and EU closer to Polexit than EVER BEFORE, expert warns http://shr.gs/QOpX7ga
Britain backs down: The UK Government is prepared to pay a €40bn Brexit bill, according to the Sunday Telegraph.
EU position is 60 bn-bottom line is 50 bn. UK position is 30 billion euros- but both line is 40 billion euros. Just waiting for pols.
EU migrants under age of 30 could be given two year visas after Brexit: http://bit.ly/2vBw5X9
Nick Timothy: Tories underestimated Jeremy Corbyn but will beat him next time: http://bit.ly/2vzqdNg
Irish PM Proposes New Customs Union or “Deep Free Trade Agreement” With UK https://order-order.com/2017/08/04/irish-pm-proposes-customs-union-deep-free-trade-agreement-uk/ …
Government doesn’t want to change, but can New Democracy? http://dlvr.it/Pbyf7M
Are the capital controls easing? http://dlvr.it/Pbxwlk
Gov’t moves to settle score with Eldorado in latest chapter of tense relations http://dlvr.it/PbxGj9
Athens erasing asylum backlog http://dlvr.it/PbxGS2
Tourism-related investments hit trouble in Greece http://dlvr.it/PbxGDS
Woman mistakes WWII-era white phosphorus munition for precious stone on German beach http://p.dw.com/p/2hk1e
Merkel's SPD rivals suffer fresh blow ahead of September election http://dlvr.it/PbnPv1
Not a good look for Sarkozy !
US to join climate talks despite Paris accord exit http://f24.my/1ahq.t
Trump, Macron discuss increasing cooperation in Syria and Iraq http://dlvr.it/PbxZh9
France nets 1.3 tonne cocaine haul on boat from Brazil http://dlvr.it/PbwvcL
Sizzling summer gives Europe's south taste of the future http://dlvr.it/Pbz27R
Italy heatwave and drought spark killer wildfires http://dlvr.it/Pbhk4x
McMaster defends Trump: He's made several "important" decisions on Afghanistan http://hill.cm/OqyUUsX
Trump will meet with lawmakers, Chief of Staff John Kelly, other WH officials while on vacation over next 2 weeks, aide tells @margarettalev
Special counsel investigating if Flynn was secretly paid by Turkey during 2016 campaign: report http://hill.cm/x3Yj0li
Ryan defends journalists after Sessions threatens them: Problem is leakers, not reporters http://hill.cm/agAfM0D
Special counsel assembling grand jury in Trump-Russia probe likely indicates evidence of criminal activity http://hill.cm/FTOFoPv
Trump aide warns leakers: "Do not toy with" John Kelly http://hill.cm/B2pOSSC
Three more RNC staffers set to exit: report http://hill.cm/aYpO3vU
Impt story. Choice POTUS faces on Afghan policy cuts to the heart of whether he will go w/ traditional voices or admin's anti-estab figures.
Trump defends McMaster as conservatives seek his dismissal http://hotair.com/headlines/archives/2017/08/trump-defends-mcmaster-conservatives-seek-dismissal/ …
If the U.S. was a third-world nation, we might suspect there was a silent coup happening http://hotair.com/headlines/archives/2017/08/united-states-third-world-nation-might-suspect-silent-coup-happening/ …
"(McMaster) is a good man and very pro-Israel. I am grateful for the work he continues to do serving our country," Trump said in statement.
Trump releases late night statement pushing back on (week- or even months-old) rumors that his national security adviser is in trouble
Odds & Ends....
Mercosur suspends Venezuela....
Maduro's puppet Assembly promptly fires the Attorney General who bravely has resisted Maduro.....
CARACAS, Venezuela (AP) - #Venezuela chief prosecutor says security forces have barred her from her offices
Between skyrocketing inflation and political turmoil set to escalate after today's sacking of the dissident Attorney General , watch out !
News round up for Libya Observer for August 5th !
#Libya 2nd Italian naval vessel arrives Tripoli
#Libya New UN Libya envoy makes first visit to Libya
Where US stands on Qatar , Gulf Crisis....
Turkey angling to meet all of Qatar's needs. The 3 nations will discuss Iran route to allow trade between Turkey and Qatar.
Italy taking advantage of Gulf Rift to boost trade with Qatar.
How the Gulf crisis is boosting Qatar's local industries http://aje.io/g9w4f
The SAA & Raqqawi tribesmen liberated the villages of Al-Hardan, Salem A-Hamad, Al-'Atshanah, Maqlat Kabeera, Maqlat Saghira, & Al-Da'ama
Syrian MoD: Syrian Arab Army captured Muqlah Saghirah, Muqlah Kabirah and Atshana Map: http://syriancivilwarmap.com
BIG NEWS !!!
In a third day of fighting , SAA and allied forces seem to have broken ISIS resistance and are now entering into Al Sukhnah...
SAA & allies continue attack on Sukhnah for the 3rd day and captured al-Jihaneh policestation, most of Tantour mountain & farms in outskirts
Morocco is building big solar-powered plant for turning seawater into drinking water http://p.dw.com/p/2hW8s
Iran's Rouhani sworn in for second presidential term http://p.dw.com/p/2hjjJ