August 25, 2015

Market Mania, Pax Koreana, Ashley Madison, Joe Biden and Kiwi Birds

PNUT GALLERY

“Fear has taken over” – no we’re not talking about the North Korean crisis, the EU disintegrating or this picture. These were the words of one analyst after yesterday’s global market volatility.

IN A NUTSHELL: MUST READ

Manic Monday For The Markets

Panic, turmoil, and carnage are just a few of the words to describe the global markets as bad economic news out of China reached a tipping point. Here is how yesterday went down (summary it was very, very bad):

China released bad economic news last Friday.
On Monday, the Shanghai exchange fell 8.5%, erasing all gains for the year.
Oil fell below $39 a barrel and emerging market currencies took a hit.
European markets followed suit with the London FTSE and the Frankfurt DAX down 4.7% and the Paris CAC down 5.4%.
America was also hit with the Dow Jones ending down 3.6% percent after opening down 6.6%.
Aaaand back to Asia this morning as Shanghai opened down over 7%…

China’s government has been uncomfortably silent… Meanwhile, Larry Summers sounded a warning that the US Federal Reserve should avoid raising rates too soon and Presidential hopefuls were quick to use the crash to their advantage. Donald Trump warned on Instagram that China “will bring us down” and Bernie Sanders tweeted that Wall Street had rigged the system against average citizens… very helpful.

Pnut’s Nutshell on China

NUTS AND BOLTS: SHOULD READ

North And South Korea Put Away Missiles And Apologize

After days of tense negotiations, North and South Korea have agreed to de-escalate threats against each other after the North expressed “regret” over an incident that killed two South Korean soldiers near the border. The North agreed to end its “semi-state of war” and the South agreed to stop playing Korean pop music over the border. Now the countries go back to a “quasi-state of war“…well what a relief.

Good Deed: Tourism In North Korea..An Inside Look

Democrats Finally Get Round To Backing Iran Deal

Senate Minority Leader Harry Reid (D-Nev) came out in support of the Iran Deal over the weekend (what took him so long). His support gives the pro-deal side (all Democrats) a much needed boost as they seek to stop Republican attempts to block the deal. Senator Stabenow (D-Mich) also came out in support, putting the Dems just six votes short of securing the Deal. Whenever you guys are ready…

Pnut’s Nutshell on the Iran Deal

Ashley Madison Data Breach Leads To Suicide

Hackers thought they were doing society a favor by exposing the list of members on Ashley Madison, a website that helps people have affairs, but things took a dark turn as two suicides related to the data breach were reported in Canada. The site’s parent company has offered a $380,000 reward for information on the hackers. It is probably safe to say that what goes on in other people’s bedrooms is none of our business…

#pnut4prez: VP Biden “Thinks” About Running

Joseph Robinette Biden, the VP gaffe-machine who called President Obama the “first mainstream African-American who is articulate and bright and clean” has been exploring a third bid for the Presidency after Hillary’s approval ratings dipped in the wake of “e-mail” scandals. Biden, whose late son Beau, encouraged his father to run for president, met with everyone’s favorite banker-basher Elizabeth Warren for discussions on “what the country is telling us” (code for “I’m going to run”). Hillary should be worried, Trump doesn’t care, Biden is well….just Biden.

FUNNY VIDEO: J oe Biden’s Greatest Hits

Keeping Our Eye On…

Heroes: The courageous efforts of three Americans and a Brit were rewarded with the highest honor of France, the LÃ©gion d’Honneur. In what almost seems like a movie plot, the four men tackled a gunman and prevented a possible massacre on the Thalys train.
Trump Tactics: After offering Lindsey Graham’s number to the world, Donald Trump posted a video on his Instagram (yes he has one) of Barbara Bush, Jeb Bush’s mother, in which she firmly states that another “Bush” should not run for office. Might be an awkward family reunion…
Oil Price Gap: Prices for oil hit a record low since 2009. Interestingly, gas prices are not following suit. Economic and industrial factors are at play in the largest gap between crude oil and consumer gas prices.

LOOSE NUTS: FOR YOUR ENJOYMENT

Kiwi Government Assassinates Endangered Birds…..Oops

New Zealand was left mourning this weekend after four of its flightless, endangered Takahe birds were accidentally shot when they were mistaken for another species. Hunters (hired by the Department of Conservation….irony at it’s best) had been looking to cull up to 600 of another Pukeko bird species but despite differences in color, height, size and every other detail they culled the wrong species (only 296 left). The Head of the Hunter’s Association apologized “to the nation“.

Good Deed: Donate To Save The Takahe

How Did North Korea Get Quite So Belligerent

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