Brent Tops $100 As Gulf Conflict Escalates; UBS Warns US-Iran "Off-Ramp Remains Elusive"

Korean Bubble Mania: Retail Investors Max Out On Margin Debt, Choose To "Risk Complete Collapse" Than Miss Stock Rally For many years, Koreans were bitcoin's best friend. After bitcoin emerged about a decade ago as the asset class with the most pronounced momentum - both to the upside and the downside - Korea's daytrading army, famous for being totally unable to do any fundamental valuation analysis but legendary for its wilnningness to piggyback on any momentum with suicidal leverage, became enamored with bitcoin and the result were face-ripping meltups and heartstopping...

"Doom Loop" Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame It took the US 200 years to reach its first $1 trillion in debt. It took 95 days to add its last. After several weeks of build up, today the Treasury announced that total public debt surpassed $40 trillion for the first time, after jumping by over $60 billion in one day, and has now surged by $1 trillion in just over three months, and by a third of the total in less than five years, as US lawmakers...

In his address to the UN General Assembly on Tuesday, President Trump threatened Iran with “annihilation” and “hell,” but said he believes there would be a deal after the midterm elections, and said later in the day that his envoys held talks with Iranian officials. Trump told the General Assembly that he has a “big […]