An Overheating Feedback Loop

From Momentum To Mayhem: Korean 'Plunge Protectors' Meet As Leverage Unwind Sparks Chaos 'Leverage goes both ways...' That is a lesson that many are learning in a painful manner as the army that enjoyed the momentum escalator ride up are now decrying the elevator plunge lower... and the poster-child for this pain is Korea. Following anxiety over new Chinese competition, and disappointing earnings from SK Hynix overnight, Korea's stock market has plunged 44% from its record highs in June (but remains up 27% YTD still)... Triggering yet another circuit-breaker... You didn’t pray hard enough The...

Kremlin Welcomes Trump Call For Ukraine To Halt Attacks On Diesel Infrastructure, Praises 'Flexibility'  The Kremlin has welcomed President Trump's weekend call for Ukraine to stop attacking Russian diesel supply and infrastructure sites. The somewhat surprise remarks which will only serve to further pressure the Zelensky government came when pressed by a reporter on Sunday. Trump responded by saying Zelensky "has to do one thing. He has to stop knocking out diesel fuel in Russia." The US president said at the sidelines of the Irish Open on Sunday, "There are plenty of...

Houthis Threaten Strikes On Egypt, Turkey, Pakistan Interests As Yemen Intervention Looms Houthi officials have put Egypt, Turkey, and Pakistan on notice amid the ongoing Saudi-Yemen conflict, and as Riyadh urges partners to assist militarily against the Ansar Allah movement. Iran's state Nour News, which is affiliated with the country's Supreme National Security Council, has issued a report saying the three Saudi allies "will likely be targeted in the next stages"  - per a Houthi official. The Houthi official warned that "The targeting of Iran by the enemies will not be limited to the...