Authored by Jeff Thomas via InternationalMan.com,
For decades, in discussing the ever-increasing hegemony of the world’s principal governments (US, EU, et al.), I’ve been asked repeatedly, “When will the governments understand that this obsession they have to become all-powerful is not in the interests of the people?”
The answer to this question has also remained the same for decades: never.
The Witch Hunt for Donald Trump Surpasses the Salem Witch Trials of 1692-93
Paul Craig Roberts
We should be scared to death that Sally Q. Yates served as a prosecutor in the Justice (sic) Department for 27 years. In the New York Times Sally takes high umbrage to Trump’s criticism of his attorney general, Sessions, and blows Trump’s disappointment with Sessions into an attack by Trump on the rule of law. https://www.nytimes.com/2017/07/28/opinion/sally-yates-protect-the-justice-department-from-president-trump.html
Authored by Simon Black via SovereignMan.com,
One of the greatest investors in the world is getting worried…
Howard Marks is the billionaire founder of Oaktree Capital, one of the largest and most successful investment firms in the world.
A few times each year Marks write up his thoughts about financial markets– he calls them ‘investment memos’.
And he just released his latest one with a very clear message: it’s time to be cautious.
From Marks’ memo…
When we reported yesterday about Putin's surprisingly harsh response to last week's House legislation to launch new sanctions against Russia, which also binds Trump from unilaterally removing sanctions without getting Congressional approval, we concluded that "now we await the US re-retaliation in what is once again the same tit-for-tat escalation that marked the latter years of the Obama regime, as the US Military Industrial Complex breathes out a sigh of relief that for all the posturing by Trump, things between Russia and the US are back on autopilot."
As many traders quietly leave for summer break soaking up even more liquidity as they go, a busy US calendar unfolds in the week ahead, with ISM, PCE price data and, of course, payrolls in the spotlight.
Key Events, courtesy of RanSquawk