What analysts out there need to understand, whether they are independent or mainstream, is that a great shift in central bank policy and attitude is coming. Christine Lagarde at the IMF calls it the “economic reset,” some Fed officials, like Atlanta Fed President Dennis Lockhart, state that central banks are entering a “brave new world.” These are highly loaded phrases that represent a drastic overhaul of the global financial system; an overhaul that is quite deliberate and inevitably destructive for certain nations and economies, including the U.S.
Even before the FBI identified new cyber attacks on two separate state election boards, the Department of Homeland Security began considering declaring the election a “critical infrastructure,” giving it the same control over security it has over Wall Street and and the electric power grid.
A Superior Court judge in California has refused to halt the state’s assisted suicide law amid a legal challenge from several local doctors and a Christian organization that represents physicians nationwide.
Canada’s economy shrank in the second quarter in its worst showing in seven years, hurt by a drop in exports and a disruption to oil production caused by wildfires in northern Alberta, data from Statistics Canada showed on Wednesday.