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Wrightson ICAP
Fed officials at Jackson Hole gave every impression of wanting to tighten
at the first available opportunity. It remains uncertain, however, when that opportunity will materialize. Our forecasts for the indicators due out between now and September 21 would allow the Fed to raise rates at its next meeting, but it would not take much noise in the data to force the FOMC to punt – again.    at 10:00

Consensus is for an increase of 175,000 non-farm payroll jobs in August | CalcRisk
down from the 255,000    at 09:58

Across the Curve
Central Bankers Despair
This Reuters story carried by the NYTimes website details the frustration of central bankers who see less and less return from monetary policy and who pine for some sort of fiscal action to stimulate inflationary expectations amongst the hoi polloi.    at 09:05

Hawkish Fed and Stronger Macro = Bear Steepening    at 08:58

Excellent Chart
Bear steepening occurs when a stronger economy raises rates on long end of curve
It is bearish for bonds and bond proxies, but very bullish for economically sensitive stocks and banks. We saw some hints of this shift on Friday. Strong economic data, especially tighter labor markets, may (finally) move interest rates higher.    at 08:53

Great Orators of the Democratic Party
“One man with courage makes a majority.”—attributed to Andrew Jackson
“The only thing we have to fear is fear itself.”—Franklin D. Roosevelt
“The buck stops here.”—Harry S. Truman
“Ask not what your country can do for you; ask what you can do for your country.”—John F. Kennedy
“It’s like Ghostbusters, man. When there’s a problem anywhere else, call Ghostbusters. We’re Ghostbusters; so it makes sense that we are there to help them because it helps us.”—Joe Biden    at 08:24

UK markets will be closed Monday 29th for the August Bank Holiday    at 07:51

Automatic Earth
Jim Rogers is always interesting, and this 50 min interview is no exception
Zero Hedge has a lot of quotes from it.

The Sinister Side of Cash (Rogoff)
Wow. and I thought Rogoff was a reasonable smart man. Saying that cash causes crime is not smart. It’s nonsense.    at 07:49

Most of the preseason polls are out, and Alabama is the consensus No. 1
There are two SEC teams in the top four, that is not a prediction two SEC teams will make the final four.    at 07:40

Zero Hedge
The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing
KR: International buyers sense the US will no longer by a safe haven in the years ahead.    at 07:36

naked capitalism links
Oregon State Fair To Host Marijuana Exhibit: Just As It Does For Cattle And Pumpkins
Oregon’s state fair was not new to controversial shows and exhibits. Twenty years ago, the fair garnered considerable surprise to many when it featured a tattoo competition and exhibit.    at 04:30

Beat the Press
Bernstein and Krugman are worried the Fed may not have enough ammunition
to combat the next recession when it comes. I am not as pessimistic as Bernstein and Krugman because I don’t accept that fiscal policy is off-limits. The key point is that Republicans don’t really give a damn about deficits; they just hate to see money going to someone who is not rich.    at 03:31

Turkish Troops in Syria 'as Long as It Takes'    at 02:25

Syrian Kurdish militia commanders are flouting ultimatum Biden handed them
to retreat to east of the Euphrates or else forfeit US support. Instead, debkafile’s military sources report, they decided to stand their ground and fight it out with the Turkish army.    at 02:06

New Eastern Outlook
Will a Kurdish State be Born Under the “Guise of Fighting ISIL?”
Turkey has everything to gain from this illegal intervention. It repairs relations with the US by helping it fulfill its plan and at the same time does not compromise its new friendship with Russia, as it is merely fighting terrorists, not the Syrian government which Russia supports. It will go after a number of Kurdish targets outside its borders and within and then come out of it as the joint architect of a new Kurdish state, a gift from the benevolent Turkish people, which doesn’t include any of Turkey and ensures Turkish control of the regional oil trade and a pretext for stripping Turkey’s Kurds of their remaining rights.    at 02:00

Informed Comment
US Syrian policy is in disarray
US allies on the ground– the Turks, the fundamentalist Syrian rebels, and the leftist, pro-US Kurds and their Arab allies– are now actively combatting one another, and a group backed by the Pentagon has just killed a Turkish soldier, which is to say, a NATO soldier.    at 02:00

"Daybreak" Poll
This poll is updated daily just after midnight.
Clinton 44.2%
Trump 43.6%    at 01:00

28 de Agosto    at 00:00

Zero Hedge
Barney Frank Tells Yellen Not To Hike Before Election, "It Risks Destabilizing Markets"

Assange Promises "Most Interesting And Serious" Hillary Emails Are Yet To Come    at 16:09

A "Victory For Eurosceptics"
British PM Will Begin Brexit Negotiations Without Parliamentary Vote    at 13:35

Confidence in the Fed Sinking Fast from Greenspan to Bernanke to Yellen
Once-revered central bank heads failed to foresee the housing bubble and the great financial crisis that followed. As a result, faith in the Fed has plunged. The following chart shows the shift in confidence under the last three Fed chairs.    at 12:35

Clinton 39% vs Trump 36% in the four-way poll in latest Reuters/Ipsos poll
With 7 percent for Libertarian candidate Gary Johnson and 3 percent for Green Party nominee Jill Stein.    at 09:18

Nature News
Majority of mathematicians hail from just 24 scientific ‘families’ 
Evolution of mathematics traced using unusually comprehensive genealogy database.    at 09:02