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“Catching” a U-2 fresh back from America’s air wars

It may not sound possible to “catch” an American spy plane while driving a Dodge Charger. But that’s precisely what we did on a sweltering August afternoon at Al Dhafra Air Base in the United Arab Emirates. In a US Air Force safety maneuver that hardly felt like one, our car raced onto the military runway just as a U-2 spy plane approached for a landing. The plane itself was designed in the 1950s to grip the lightest parts of the atmosphere some 70,000 feet above the Earth, so, in the words of one of the U-2 pilots, “it really doesn’t want to stop flying.” Enter the Dodge Charger, which along with another so-called “chase car” helped guide the spy […]

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US press (politics): Bannon readies his revenge – war on Kushner is about to go nuclear

Like it or not, we’re gonna have to keep an eye on US politics. The disarray and White House turmoil looks set to continue and will impact markets.
Adam had this over the weekend:

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More detail on the US Navy ship collision: 10 sailors missing

The news is here from earlier:
US navy ship collides with merchant ship near Strait of Malacca
More now:
– There are currently 10 Sailors missing
– Five injured
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Spanish police: Terror cell was planning more attacks

The terror cell that carried two attacks in Catalonia this past week were in possession of 120 gas canisters, a sign that it was planning a bigger attack, said Spanish police on Sunday. Josep Lluis Trapero, chief of the Catalan regional police, told a news conference Sunday that the twin terror attacks, which killed a total of 14 people in Barcelona and Cambrils, were the result of a six-month preparation period. “It is understood that they planned one or more terrorist attacks in Barcelona,” Trapero said. On Thursday evening, 13 people were killed and more than 100 others injured when a white van ploughed into a crowd in central Barcelona. The next day, a woman was killed in another vehicle attack in the town of Cambrils. The […]

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PBOC sets USD/CNY central rate at 6.6709 (vs. Friday at 6.6744)

People’s Bank of China reference rate for the CNY against the USD for the trading day.
The Bank allows a plus or minus 2% fluctuation for USD/CNY from this rate
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Adversaries agree to buffer zone in northeast Syria

The US-led coalition, its principal Syrian ally, Russia and the Syrian regime have agreed to a geographical “deconfliction line” or buffer zone in northeastern Syria meant to prevent clashes and focus military efforts on Daesh, the Pentagon confirmed Sunday. Spokesman Eric Pahon told Anadolu Agency the line “runs in an irregular arc” from a point southwest of Tabqa along the Euphrates River toward Deir ez-Zour. It does not touch the city itself, however. Some Syrian forces have held out within Deir ez-Zour after the Daesh terror group laid siege to the city beginning in 2014. “The purpose of the line is to de-conflict and enable counter-Daesh operations by all parties,” Pahon said in a statement. Read More: 3 Lebanese soldiers killed […]

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Alice in Wonderland, in Izmir

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Gold: “$1,300 beckons … but if EUR/USD weakens, this could stall the gold rally”

Comments from HSBC on gold, the euro and the European Central Bank
– USD1,300/oz beckons
– the market looks robust
– The most likely roadblock is a recovery in the USD
More, this on the EUR and ECB:

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Lebanon: More than half of Daesh-held region recaptured

The Lebanese army said Sunday it captured more than half of a region held by Daesh militants on the second day of an offensive launched in a mountainous area bordering war-torn Syria. “On the second day of the operation, the army managed to control 66 percent of the region held by Daesh,” said military spokesman Col. Fadi Boueid in a press conference at the defense ministry. In a separate statement, the military said three soldiers were killed and one severely injured Sunday after a mine exploded while a vehicle carrying soldiers was passing through. The operation aims to expel militants holed up in the towns of Ras Baalbek, Al-Fakhah and Al-Qaa, army commander Gen. Joseph Aoun said Saturday. Read More: 3 Lebanese soldiers killed in […]

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