September 1, 2015
ISM Weaker Than Expected, Details Weak, Exports Contract Third Month
Read More: ISM Weaker Than Expected, Details Weak, Exports Contract Third Month
Hard hitting global and local news
Hard hitting global and local news
Read More: ISM Weaker Than Expected, Details Weak, Exports Contract Third Month
View post: Greece Loses 17,000 Jobs in July, Most Since 2001
View the original here: Witch Hunt Victim "Confesses": Word Police in China vs. Word Police in US
Read the original: Dallas Fed Region Activity Plunges Well Below Any Forecast
AP’s June 2015 report, " Kurds move to cut off ISIS supply lines in Syria ," would state: Syrian Kurdish fighters closed in on the outskirts of a strategic Islamic State of Iraq and Syria-held town on the Turkish border Sunday, Kurdish officials and an activist group said, potentially cutting off a key supply line for the extremists’ nearby de facto capital.  Taking Tal Abyad, some 50 miles from the Islamic State of Iraq and Syria (ISIS) stronghold of Raqqa, would mean the group wouldn’t have a direct route to bring in new foreign militants or supplies. The Kurdish advance, coming under the cover of intense U.S.-led coalition airstrikes in the area, also would link their two fronts and put even more pressure on Raqqa as Iraqi forces struggle to contain the group in their country. And while US airstrikes are credited for Kurdish advances against ISIS, one wonders why the US, whose military including a US airbase at Incirlik, Turkey and US special forces as well as the CIA are operating along and across the Syrian border in Turkey – hasn’t done more to interdict ISIS supply lines before they reach Syria and awaiting terrorists.
Link: Inventory Grows in Economic Liftoff Anticipation
In China, a massive witch hunt is underway. Beijing regulators now seek individuals who have destabilized the markets and spread rumors. Official want someone to blame after their Large-Scale Share Purchases failed to halt a huge stock market slide.
US News reports New Greek election could mean new govt partners for Tsipras and his Syriza party . Greece’s outgoing prime minister, Alexis Tsipras, is banking on his popularity to win a national election next month and strengthen his grip on power after purging his radical left Syriza party of dissenters
This Bloomberg headline " If the Options Market Is Right, China’s Stock Rescue Is Doomed " reads like something one would find in a tabloid, but the reverse is now true. Options traders have never been so pessimistic on China’s stock market, betting the government’s renewed effort to prop up share prices is doomed to fail. The cost of bearish contracts on the China 50 exchange-traded fund surged to the highest level versus bullish ones since they started trading in Shanghai six months ago
MarketWatch details Where every Fed member stands on raising interest rates . Chairwoman Janet Yellen : Not at Jackson Hole.