In a diplomatic tit-for-tat the Netherlands on Monday recalled its ambassador to Iran after members of its diplomatic staff at its embassy in Tehran were expelled, Foreign Minister Stef Blok announced on Monday.  “[We] Have decided to recall the ambassador in Tehran for consultations,” Blok said in a tweet. “The decision follows the expulsion ofRead More →

Authored by Lance Roberts via, Earlier this month, I penned an article asking if we “really shouldn’t worry about the Fed’s balance sheet?” The question arose from a specific statement made by previous New York Federal Reserve President Bill Dudley: “Financial types have long had a preoccupation: What will the Federal Reserve do with allRead More →

Submitted by Michael Every of Rabobank No stop signs, speed limit; but the US wants to slow me downBad PR? gonna spin it; Nobody’s gonna mess me aroundHey Justin, you’ll pay your dues; I’m selling 5G to the foreign landsHey Xi-dada, look at me; I’m on my way to theRead More →

Authored by Charles Hugh Smith via OfTwoMinds blog, Rounding up the usual suspects won’t restore a vibrant middle class. What killed the middle class? The answer may well echo an Agatha Christie mystery: rather than there being one guilty party, it may be that each of the suspects participated in theRead More →

The second Democratic governor entered the increasingly crowded 2020 primary field on Monday when former Colo. Gov. John Hickenlooper announced his plans to run – as was widely expected. Hickenlooper follows Washington Gov. Jay Inslee, who announced his campaign late last week. Hickenlooper, who is best known for overseeing theRead More →

As the international money laundering scandal that started with revelations about Danske Bank’s Estonian branch and has since spread to taint Swedbank and other Scandinavian and Baltic lenders spreads, a Finnish broadcaster on Monday was reportedly preparing to publish a report detailing Nordea’s role in laundering billions of euros flowingRead More →