Authored by Darius Shatahmasebi via TheAntiMedia.org,
Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar was fixed to gold at a price of $35 an ounce, though the dollar could earn interest, marking one notable difference from gold.
After Democratic lawmakers exploded with outrage following Facebook's revelation that it sold some $100,000 worth of political advertising to a Russia-linked organization during the presidential campaign, the social media behemoth has agreed to release some of the 3,000 suspect advertisements that appeared on its platform with Congressional investigators, Politico reports.
In the Fed's latest Flow of Funds report, today the Fed released the latest snapshot of the US "household" sector as of June 30, 2017.
"What is THE catalyst?"
As all traders know, and as UBS repeats this morning in a new report by credit strategist Matthew Mish, one if not the mostly commonly asked questions is "what events could disrupt global corporate credit markets heading into year-end and early 2018."
As Gen. McMaster previewed earlier in the day, moments ago President Trump announced a new executive action that "significantly expands" US authority to target individuals, companies and financial institutions that finance or facilitate trade with North Korea.
“I am announcing a new executive order to sign that significantly expands authorities to target individuals, companies, financial institutions that finance and facilitate trade with North Korea,” Trump said.
While details remains scarce, among the notable big picture actions to be taken include: