Authored by James George Jatras via The Strategic Culture Foundation,
They say that most of the world’s real dangers arise not because of what people don’t know but because of what they do 'know' that just ain’t so.
As a case in point, consider three things about Korea that the bipartisan Washington establishment seems quite sure of but are far removed from reality:
Delusion 1: All options, including U.S. military force, are «on the table.»
Authored by Tsvetana Paraskova via OilPrice.com,
The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports.
With payrolls looming (our full preview is here), carbon-based traders around the globe are leery of putting on any major trades and so the overnight session has been rather dull, dominated by the now traditional overnight algo-mediated levitation, which means the VIX is lower and S&P futures are once again modest higher as European and Asian shares continue their ascent.
Buyers withdrew more copper from the London Metal Exchange’s global warehouse network on Wednesday than at any time since daily records began in 1996, extending a 19-day drop.
Authored by Peter Korzun via The Strategic Culture Foundation,
China and Russia are set to sign a milestone agreement in October on joint space exploration from 2018 to 2022, sending manned missions to the Moon for the first time.
The bilateral agreement will cover five areas including lunar and deep space exploration, developing special materials, collaboration in the area of satellite systems, Earth remote sensing, and space debris research.