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Frontrunning: August 14

  • Korea tensions ease slightly as U.S. officials play down war risks (Reuters)
  • Pence Plays Down Trump Threat on Venezuela (WSJ)
  • Trump Pressed to Reject White Nationalist Groups (WSJ)
  • White House Says Trump Abhors Neo-Nazis (BBG)
  • Charlottesville, and the World, Take Stock of Violent Episode (NYT)
  • Car Attack Suspect Had Shown Troubling Behavior (NYT)
  • U.S. Default? Unlikely, But Bond Traders Are Taking No Chances (BBG)
  • Voters sense betrayal in Britain's Brexit heartlands (Reuters)

Fourth Turning's Neil Howe Fears "Strong Parallels" Between 1930s And Today: "It's Going To Be A Rollercoaster Ride"

Fourth Turning's Neil Howe Fears "Strong Parallels" Between 1930s And Today: "It's Going To Be A Rollercoaster Ride"

This week on the MacroVoices podcast, host Erik Townsend interviewed Neil Howe, co-author of The Fourth Turning, an investing tract that’s found renewed relevance thanks to White House Chief Strategist Steve Bannon, who’s cited it as an inspiration for his (and by extension, President Donald Trump’s) worldview.

CIA Director: "We Are Not On The Cusp Of A Nuclear War"

How close is the US to war with North Korea? That was the question several top military and national security advisors struggled to answer over the weekend, mitigating fears of an imminent nuclear war even as Trump raises geopolitical tensions and boosts bellicose rhetoric with every public appearance.

Speaking on "Fox News Sunday", and walking a fine line of backing Trump's tough talk but not wanting to raise the alarm at home, CIA Director Mike Pompeo said there’s no indication war will break out.

How the big banks are banking off FX stupidity

How the big banks are banking off FX stupidity

We all know that the majority of people don’t know FX (Foreign Exchange) so this topic should come as no surprise.  (For those who haven't already, checkout Splitting Pennies for a quick guide on this topic) However, it’s important for traders and investors to understand how the US banks are ripping off their clients, and the only reason they do it is because clients allow them, because they don’t understand how they’re being scammed.  What we are talking about is the retail deliverable foreign exchange market.

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