If yesterday's selloff had a specific catalyst, namely some of the worst consumer retail earnings seen in years, it merely undid the Tuesday rally which levitated global risk with no fundamental driver, aside for a 200 pip spike in the USDJPY. Some central bankers may even say it was a "magical" levitation.
Assessing The Latest Bank Participation Report
Posted with permission and written by Craig Hemke, TF Metals Report (CLICK HERE FOR ORIGINAL)
Donald Trump’s anti-Muslim stance has gained favor among some of India’s right-wing Hindus who share his views about Muslims. Members of the Delhi-based Hindu Sena are asking for divine intervention to help Donald Trump become the next U.S. president. Hindu Sena organised a Hawan (prayer ritual) on Wednesday at the popular monument Jantar Mantar in New Delhi, chanting invocations, asking for the Republican nominee’s success in the 2016 US elections.
India are filing 16 cases against the US for violating WTO treaties, according to local media reports. Delhi say that some U.S. programs in the renewable energy sector violate global standards. RT.com reports: When asked whether Delhi is planning to “to file 16 cases against the US for violating WTO treaties,” Commerce and Industry Minister Nirmala Sitharaman replied positively.
Zionist Israel Hides Its Crimes Behind Its Smears of Truth-Tellers
Paul Craig Roberts
Several years ago two very distinguished American scholars wrote a book, The Israel Lobby.
The book made a very understated case that the Israel Lobby has far more power over the US government and media than is good for America or Israel, as it silences constructive critics who are Israel’s friends. The two scholars were demonized by the Israel Lobby as advocating the return of the Holocaust.