Europe

Submitted by Shant Movsesian and Rajan Dhall MSTA from fxdaily.co.uk

After another 'interesting' non farm payrolls report, we start the week on a quiet note as the US observes the Labour Day holiday and Canada day speaks for itself.  Plenty of volatility to expect thereafter though, as it is the ECB's turn to manage market expectations, which so far show little sign of moderating as EUR longs are keen to hold positioning into a much expected tapering signal.  

Authored by Mike Shedlock via MishTalk.com,

Many contend that self-driving trucks and cars will not happen anytime soon for numerous reasons (most of them easily refuted).

One of the reasons is of lack of approval from Congress.

That argument will go on the ash heap of history by the end of the year because a bipartisan House Panel Approves Legislation Speeding Up Deployment of Self-Driving Cars.

On Tuesday, just as Hurricane Harvey was peaking, we reported that according to ship-tracking data compiled by Bloomberg, as well as MarineTraffic real-time tracking, at least 25 tankers carrying almost 17 million barrels of imported crude oil were drifting near Texas and Louisiana ports, unable to offload because of closures from Tropical Storm Harvey.

Authored by Daniel Lang via SHTFplan.com,

Nothing epitomizes the failure of Europe’s immigration policies more than the notorious “no-go zones.”

For decades the West has opened its borders to people who don’t share their values, and the West has utterly failed to encourage these people to assimilate. To even suggest that is now considered racist in many European countries.

Authored by Patrick Buchanan via Buchanan.org,

Like 9/11, Hurricane Harvey brought us together.

In awe at the destruction 50 inches of rain did to East Texas and our fourth-largest city and in admiration as cable television showed countless hours of Texans humanely and heroically rescuing and aiding fellow Texans in the worst natural disaster in U.S. history.

On display this week was America at her best.