Europe

Authored by Patrick Buchanan via Buchanan.org,

If a U.S. president calls an adversary “Rocket Man … on a mission to suicide,” and warns his nation may be “totally destroyed,” other ideas in his speech will tend to get lost.

Which is unfortunate.

For buried in Donald Trump’s address is a clarion call to reject transnationalism and to re-embrace a world of sovereign nation-states that cherish their independence and unique identities.

Authored by Steven Vannelli via Knowledge Leaders Capital blog,

Earlier this week, the Federal Reserve officially signaled the beginning of its balance sheet run-off. At this point, that’s old news. But, yesterday, the Fed released the Z.1 Flow of Funds, which adds to the intrigue of the balance sheet run-off. Why?

The tech scare, which hit earlier this summer, is long forgotten and clearly over because according to the latest EPFR data compiled by Bank of America, the past week saw the second largest week of inflows to tech on record ($1.0bn) and the largest week of inflows was late Jan'17.

S&P futures retreated along with European and Asian shares with tech, and Apple supplier shares leading the drop while safe havens such as gold and the yen rose, as the war of words between U.S. President Donald Trump and Kim Jong Un escalated and North Korea threatened to launch a hydrogen bomb, leading to a prompt return of geopolitical concerns. Trade focus now turns to a planned speech by Theresa May on Brexit (full preview here).

Authored by Mike Krieger via Liberty Blitzkrieg blog,