It is the 20th of August 2017

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Russian Lawyer Natalia Veselnitskaya Slams Congress: "They Don't Want The Truth"

Congressional investigators have dragged Jared Kushner, Donald Trump Jr. and Paul Manafort to grill them about a now-infamous June 2016 meeting at Trump Tower that is at the center of the Democrats’ dubious narrative that the Trump campaign somehow colluded with the Russian government to tilt the election in Trump’s favor.

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Two-Thirds Of Rising Global Growth Is Due To Emerging Markets, And 9 Other Interesting Facts

For all the talk about a "coordinated global recovery", it may come as a surprise that 57% of the acceleration in global GDP this year has come from a handful of commodity exporters (those whose food/metals/fuel exports are > 40% of total), which together combine for just 17% of global GDP growth. A slightly different way of looking at the same data, is that 66% of the global acceleration in GDP is due entirely to emerging markets.

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In Epic Letter, Elliott's Singer Rages Against Everything From Passive Investing To "Safe Spaces"

We've frequently warned about the myriad of potential risks arising from the massive capital flows from active to passively managed accounts which will eventually, and inevitably, wreak havoc upon the markets.  It is, in fact, this transition which is inextricably linked to the market's apparent disregard for traditional valuation metrics as it surges to all new highs with each passing day.

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