The US Is Still A Decade Away From Breaking China’s Rare Earth Hold

Key Events This Week: Warsh Nomination Hearing, Retail Sales, Fed Blackout, Earnings As the war in Iran enters its 8th week, Deutsche Bank's Jim Reid says that recent developments can be framed in two ways: either five steps forward towards peace and three back (seems more apt than three and two), or as evidence that the two sides remain far enough apart that a lasting deal will be extremely hard to achieve and markets have become far too optimistic. Reid leans more towards the former, but the comparison with recent history...

Forward Guidance Is Gone By Philip Marey, senior US strategist at Rabobank Summary As widely expected, the FOMC kept the target range for the federal funds rate unchanged and dropped its easing bias. However, this unanimous decision was announced in an unusually short statement. What’s more, at his first press conference as Fed Chair Kevin Warsh terminated forward guidance. However, the Summary of Economic Projections had already revealed that half of the FOMC participants (who submitted a forecast) expected to hike before the end of the year. Warsh did not submit his...

Outrage As Taliban Afghan Illegal Who Sexually Assaulted 7-Year-Old Gets Just 2.5 Years In Prison Authored by Steve Watson via Modernity.news, An Afghan small boat migrant with admitted ties to the Taliban kidnapped and sexually assaulted a seven-year-old girl inside a taxpayer-funded hotel – and a UK court has handed him just two and a half years in prison. This is the direct result of open borders policies that continue to flood Britain with unvetted arrivals who bring incompatible cultural attitudes and a total disregard for the safety of local communities. The attack took place in September...