United States

In the aftermath of the latest Chinese near-panic intervention to keep its currency from an out of control collapse when as reported yesterday, the PBOC announced it would raise the RRR for offshore Yuan deposits, a move which would reduce the amount of the currency available in the market, squeezing supply further (and breaking Hong Kong HIBOR markets again in the process) and making it more difficult and expensive for speculators, the Chinese stock market went exactly nowhere, closing up 0.44% suggesting that when it comes to manipulating asset classes, China can do either stocks or

How can we stop the Islamic State?

Imagine yourself shaken awake, rushed off to a strategy meeting with your presidential candidate of choice, and told: “Come up with a plan for me to do something about ISIS!” What would you say?

What Hasn’t Worked

by Ron Paul

This has been the most dramatic week in US/Iranian relations since 1979.

U.S.-Iran diplomacy produced another good result over the weekend as four Americans detained in Iran were released as part of a prisoner exchange:

The negotiation over the prisoners began on the sideline of the nuclear talks, intensified after the deal was completed last April and heated up even further in recent months, senior administration officials told CNN.

It's not just stocks have a terrible start to the year, in fact the worst start in history: so is the amount of US Treasuries held in custody at the Fed, a direct proxy for the holdings of foreign central banks, reserve managers and sovereign wealth funds who park owned TSYs at the NY Fed for convenience.