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BofA's MacNeill Curry warns that "several major FX, commodity, and bond markets are flashing warning signals of a change of trend." Specifically, he notes that JPY is set to resume its devaluation path (USDJPY bullish) with a 106.00 target; US 10Y Treasury bonds are "at risk" of a bullish turn on a break back below a yield of 2.802%. This would suggest the charts are beginning to price in a
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Read more: Zero Hedge

Much has been said about the recently announced (with the release of the Fed's July Minutes) proposal for a full-allotment overnight reverse repo facility, some of it confused, some of it desperate to read deeply into what the Fed is suggesting with this superficially tightening process, and most of it just plain wrong. The premise is as follows: under such a facility (call it O/N RRP), a
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WASHINGTON (Reuters) - The United States said on Sunday it was alarmed by an escalation in fighting in eastern Democratic Republic of Congo between M23 rebels and Congolese soldiers, and again called on neighboring Rwanda to stop its support for the rebels.

Read more: Reuters: Top News

BEIRUT (Reuters) - U.N. weapons experts are due on Monday to inspect a site where poison gas killed many hundreds of people in Damascus suburbs, amid calls from Western capitals for military action to punish the world's worst apparent chemical weapons attack in 25 years.

Read more: Reuters: Top News

It seems that those who must be obeyed are sticking to the plan (that we outlined in our tweet from Friday). Only levels that matter AAPL over $500, DJIA over 15,000, gold under 1400 — zerohedge (@zerohedge) August 23, 2013 Sure enough, minutes after ramping above the critical $1,400 level, gold has been slammed lower instantaneously, twice in the last hour, as a result of a rumored trade
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Events over the past 48 hours have shown beyond a reasonable doubt that the US may have the most confused, conflicting foreign policy of any western nation, on one hand banging the populist drums and demanding loudly that Syria allow UN inspectors, while on the other demanding even louder that no inspectors be allowed because they won't find anything. And while the US population has already
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CAIRO (Reuters) - The leader of Egypt's Muslim Brotherhood was beaten by police during his arrest, and his trial is part of an attempt by the military to eliminate its political foes, a defense lawyer said on Sunday.

Read more: Reuters: Top News

Earlier today, Hugh McLeod tweeted: “Reading business books. About as much fun as drinking tepid sea water.” To which I responded: “You are reading the wrong ones.”   Hugh’s complaint sets up an interesting question: What are your favorite business books that are also fun reads? They can’t be boring, must be Business or Investing...Read More

Read more: The Big Picture

Perhaps in an effort to numb themselves of the daily grind of a delusional dictator amid widespread starvation, North Koreans have turned en masse to the 'bingdu' or ice. As the WSJ notes, a study in the Spring of 2013 found that "Almost every adult in that area (of North Korea) has experienced using ice and not just once," and the author noted that "at least 40% to 50% are seriously addicted to
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On the heels of continued volatility in key global markets, today 40-year veteran, Robert Fitzwilson, put together another tremendous piece.  Fitzwilson, who is founder of The Portola Group, warns KWN readers around the world what now lies ahead is a terrifying panic & collapse. Below is Fitzwilson’s outstanding and exclusive piece.

Read more: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/25_What_Now_Lies_Ahead_Is_A_Terrifying_Panic_&_Collapse.html

Submitted by Chris Becker via the Ludwig von Mises Institute, As Western economies start to regress in earnest following decades of failed and destructive monetary inflation and debt accumulation, as we warned previously, yield-starved investors are allocating real capital to the one industrially untapped continent in the world: Africa. However, we’re not seeing industry moving to Africa to set
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SHANGHAI (Reuters) - Global milk powder firms are scrutinizing Chinese social media reports up to four times a day to gauge consumer reaction to a high-profile pricing probe and food safety scare that threaten their squeaky-clean image in the $14.5 billion China market.

Read more: Reuters: Top News

Better hurry. There's "only" 121 shopping days left before Christmas. If you think that sounds ridiculous so do I. But all it takes is for one major retailer to start Christmas promotions a few days earlier than last year, and all the lemming fall in line. Thus, retailers en masses started bombarding customers with Christmas promotions three days sooner this year than last. What to Expect This Holiday Season MarketWatch says Wal-Mart’s free layaway launch foreshadows a competitive

Read more: Mish's Global Economic Trend Analysis

WASHINGTON (Reuters) - President Barack Obama discussed a possible coordinated international response to the reported use of chemical weapons against civilians in Syria with French President Francois Hollande, the White House said on Sunday.

Read more: Reuters: Top News

In September 2010, Guido Mantega coined the phrase "currency war" as he proclaimed the world's central bank's FX interventions were dangerous for citizens' purchasing power and would lead to a vicious circle of competitive devaluations. In March, Mantega unleashed a mini-war by taxing foreign borrowings and threatening capital controls. But this week, after the BRL devalued over 26% since March
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The follow up to the NYT”s Snowfall, this one looks at how the city has changed over the course of 12 years with Mayor Mike at the helm.   click for ginormous interactive site Source: NYT  

Read more: The Big Picture

BAQUBA, Iraq (Reuters) - Car bombs, roadside bombs and shootings killed at least 47 people in Iraq on Sunday, police and medical sources said, as tensions intensify between Sunni and Shi'ite Muslims across the Middle East.

Read more: Reuters: Top News

BERLIN (Reuters) - The U.S. National Security Agency has bugged the United Nations' New York headquarters, Germany's Der Spiegel weekly said on Sunday in a report on U.S. spying that could further strain relations between Washington and its allies.

Read more: Reuters: Top News

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