Venezuela Surpasses Weimar: Hyperinflation Expected To Hit 1,000,000% By Year End

"The IMF also expects the Venezuelan economy to contract 15% this year, leading to a cumulative GDP decline since 2013 of 50%. Venezuela's collapse, while contained, is so profound it is now holding back the rebound of the entire region: while Latin America is expected to grow 1.9% this year, the number would be 2.5% without Venezuela according to Bloomberg."

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Oil Spikes Higher After Trump Threatens Allies With Sanctions For Buying Iranian Oil

"The U.S. government is calling on its allies to zero out imports of oil from Iran by November 4, or else face sanctions, and Washington is leaning towards granting no waivers at all. An official from the U.S. State Department said on Tuesday that it had plans to follow up on the matter with Turkey, India and China, even as the U.S. is trying not to 'adversely impact' these countries, Bloomberg reports."

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Retaliatory Tariffs Push Harley Offshore; Enraged Trump Threatens Punitive Taxes

"A day earlier, Harley-Davidson announced that it would shift some of its production overseas in response to the European Union’s new 31 percent tariff on its imported bikes, which was imposed in retaliation for Mr. Trump’s steel and aluminum tariffs."

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