America

Via Global Macro Monitor,

We have posted several pieces over this year noting the high correlation of gold and 10-year bond futures. See here, here and here.

Based on the number of people affected, amount of water involved, and other factors, meteorologists have warned, there may be no parallel available to any other rainstorm in U.S. history as Mashable's Andrew Freeman reports Tropical Storm Harvey has dropped more than 11 trillion gallons of water on Texas, triggering catastrophic, unprecedented flooding in the Houston area.

THE WEAPONIZATION OF HISTORY AND JOURNALISM
we don’t need no stinkin’ facts

Paul Craig Roberts

Authored by Pyotr Iskenerov via The Strategic Culture Foundation,

The European Commission is offering European consumers the so-called Southern Gas Corridor, which provides for the supply, in particular, of Azerbaijani and Central Asian gas along the Turkey–Greece–Italy route. The project’s potential participants have their own interests, however, and are divided by long-standing antagonisms that are turning the corridor into a military and political delayed-action mine.

Authored by Raul Ilargi Meijer via The Automatic Earth blog,

The Jackson Hole gathering of central bankers and other economics big shots is over. They all still like themselves very much.

Apart from a pesky inflation problem that none of them can get a grip on, they publicly maintain that they’re doing great, and they’re saving the planet (doing God’s work is already taken).