Antonin Scalia: A Despicable Architect of the American Police State
http://www.informationclearinghouse.info/article44233.htm
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Earlier today we reported that based on various internal metrics, the market-neutral quant space is suffering one of the most violent deleveraging episodes since the infamous quant blow up in August 2007.
But what is really going on below the surface to force these dramatic moves which may not seem like much to the untrained eye, but to PMs managing 10x levered market neutral funds are earthshattering. For the answer we go to the head of US cash trading at RBC, Charlie McElligott, who has given the most succint explanation yet.
Dmitry Orlov Is Always Refreshing
http://www.informationclearinghouse.info/article44226.htm
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Federal Reserve officials are split into two camps, according to Wall Street Journal's Jon Hilsenrath, those who believed that risks to the economy were materializing and those who wanted to wait and see. Either way, The Fed is confused and their 4-hikes in 2016 meme is disappearing fast.
As The Wall Street Journal reports,
A top Kurdish commander has claimed that he has documentary evidence confirming that Turkey has given support to the terrorist groups. Murat Karayılan, co-founder of the Kurdistan Workers’ Party (PKK) told Russian media that along with Saudi Arabia and Qatar, Turkey has been furnishing extremists with weapons and munitions. RT reports: Karayılan has been the acting leader of the PKK, a group considered terrorists by Turkey and the US, since its original leader Abdullah Öcalan was captured in 1999.