Submitted by Dromeus Capital
Tampering with free markets is rarely successful, including in foreign currency exchanges—and The Kingdom of Saudi Arabia may be the next nation to discover the limits of sovereign power. The oilexporting monarchy is burning up reserves in an expensive effort freeze a dated, 31-year-old currency peg of 3.75 Saudi riyals to the strengthening U.S. dollar.
Noah Berlatsky thinks I’m overly confident that the “establishment” candidates will continue squabbling among themselves after New Hampshire:
Larison’s hope for the establishment’s fall is based not on Trump or Cruz or any outsider, but on the dream that boring establishment candidates will suddenly transform into mavericks, acting against the interests of the Party.
We’ve all had fun smirking at the awful poll numbers of Jeb “Please Clap” Bush, but these new results for New Hampshire are startling:
Donald Trump is atop the GOP presidential field in New Hampshire by 17 points, according to a new poll.
Trump earns 31 percent support, compared with 14 percent for his closest competitor, former Florida Gov. Jeb Bush, according the Harper Polling survey released Wednesday.
While many have observed that instead of pleading the Fifth, Martin Shkreli should have at least commented on his pricing practices which have been the cause of much consternation, one thing is clear: the young indicted CEO just declared war on Congress by tweeting that it is "Hard to accept that these imbeciles represent the people in our government."
Hard to accept that these imbeciles represent the people in our government.
— Martin Shkreli (@MartinShkreli) February 4, 2016
Yesterday it was chatter of 6 (non-Saudi) OPEC members agreeing to an emergency meeting (to do what exactly?) that ramped crude (despite dismal production, inventories, and demand data). Today it is talk of Turkey potentially invading Syria from the Russian defense minister...
“We have serious grounds to suspect intensive preparations by Turkey for a military invasion on the territory of the sovereign state of Syria,” Major General Igor Konashenkov, Defense Ministry spokesman, told journalists.