"This is an insane escalation. It tells every country that the US government believes in the first use of nuclear weapons against any and every country. Those responsible for this document should be committed to insane asylums, not left in policy positions where they can put it into action."
"The Defense Department is preparing for possible preventive attacks on North Korean nuclear and missile facilities, supposedly intended to prevent the Kim Jong-un regime in Pyongyang from developing an intercontinental ballistic missile (ICBM) capable of delivering nuclear warheads to the continental United States. There are many indications that the Pentagon is putting in place the means to conduct such an attack—and recent enhancements to the GBU-57 bomb are among the most alarming of those."
"Someone started arbitrarily and aggressively buying stocks and the decline was halved. Monday will still go down as a Wall Street massacre, but that anonymous superhero buyer or buyers made it a lot less bloody. Who was the market’s superhero? I’m going to tell you a story and then you decide."
"Overnight, realizing it is facing an avalanche of lawsuits even though it explicitly laid out the possibility of the ETN getting 'terminated' should VIX explode, Japan's biggest brokerage issued an apology after investors in its $300 million vol-linked ETN were all but wiped out during this week’s stock-market turmoil."
"Multiple exchange-traded securities that are also supposed to be bets on calm markets were halted Tuesday after losing the majority of their value overnight."
"The next election season, already well underway here, will showcase a younger generation of Democrats that is more liberal and personally invested in standing up to President Donald Trump's Washington than those leaving office. That means staking out the most liberal stance on issues such as single-payer health care in California, a highly expensive initiative that failed in the legislature last year. The push is in response to the uncertainty surrounding health-care revisions in Washington, but it is estimated to cost twice the state's annual budget."
"The First Circuit Court affirmed last week without a doubt that government promises aren’t worth the paper they’re printed on."
"ATM 'jackpotting' — a sophisticated crime in which thieves install malicious software and/or hardware at ATMs that forces the machines to spit out huge volumes of cash on demand — has long been a threat for banks in Europe and Asia, yet these attacks somehow have eluded U.S. ATM operators. But all that changed this week after the U.S. Secret Service quietly began warning financial institutions that jackpotting attacks have now been spotted targeting cash machines here in the United States."
"Anxiety is only increased by the latest report from Reuters that cash withdrawals at Hong Kong ATMs have surged, prompting scrutiny from monetary authorities, the banking industry, and police amid media reports that mainland Chinese are withdrawing hundreds of thousands of dollars using up to 50 cards at a time. China has battled to curb capital outflows for years. A move that took effect on Jan. 1 caps overseas withdrawals using domestic Chinese bank cards."
"The annual deposit war is particularly fierce this year. The last day of January in the [WeChat] friend groups, bankers 'beg' for deposits one after another. 'There are more than 20 banks looking, every one is asking for deposits.' a listed company's small partner told reporters that he had been too busy to reply, however. The banker's nickname is 'Guixie.' [a combination of beg and thanks] 'Perhaps because the New Year approached, company payments are more numerous, bank account capital is less, bank competition for deposits is even more intense.' A banking source told reporters bluntly, these days are quite difficult."