The Final Show Of The Greatest Country On Earth

Yesterday, the Greatest Show on Earth held its final performance in Uniondale, New York, after 146-years in the business. A century ago this would have seemed impossible... And just like how people viewed Ringling Brothers 100-years ago, it’s difficult for anyone to imagine a world in which the US isn’t the dominant superpower...

China Imposes Sugar Import Tariffs As High As 95%

China, the world's top importer of sugar, announced it would impose substantial tariffs on sugar imports after lobbying by domestic mills: after Monday's ruling, the total sugar duty will nearly double, with Beijing imposing an additional 45% tax to these imports in the current fiscal year taking the total to 95%.

Biggest Subprime Auto Lender Skipped Income Verification On 92% Of Auto Loans

We first introduced readers to the "New Century of auto finance" (aka "Santander Consumer USA") several years ago when we first took note of one of their aggressive auto ABS facilities which sported an average FICO of 595, LTV of 110%, APR of 16.2% and a term of 70 months...but don't worry too much because they verified income on at least 8% of the loans in that pool.

John Podesta Unloads On "Absolutely Crazy, Unfit" Trump

John Podesta, Hillary's former campaign manager and the target of one of the most devastating/embarrassing political email leaks of all time, sat down with Politico for a one-hour interview which served primarily to confirm that he's still a sore loser who has simply not come to terms with the fact that he backed a flawed candidate in 2016.

Manafort, Stone Give Russia Docs To Senate Intel Committee

While Michael Flynn may refusing to comply with the Senate Intel Committee's probe of Russian interference, two other former associates of Donald Trump complied on Monday afternoon, and according to NBC, Paul Manafort and Roger Stone have turned over documents to the Senate Intelligence Committee in its Russia investigation.

"Sell In May"... And Buy Bonds?

SocGen's cross-asset strategist Andrew Lapthrone has found a curious seasonally-driven pair trade which may be suitable for the next four months: sell stocks and buy bonds, as "June to September are among the weakest months for equities but the strongest for bonds."

Today's Stunted Oil Prices Could Cause Oil Price Shock In 2020

"What I don’t hear people asking is, ‘then what?’ Are the Saudis going to maintain these production cuts forever, or at some point do they have to start reversing that? I think in 2018 they will be reversing those production cuts..."

"They're Going To Get Rid Of Him One Way Or Another..."

"A sinister host of adversaries who ought to understand what is happening in this country, but don’t, or can’t, or won’t, are coming after him,... They have to. They must. And they will. And then what?"

Sinkhole Opens In Front Of Mar-a-Lago, Jokes Pour In

With Trump traveling half-way around the globe, on Monday an amusing "event of nature" took place at the president's favorite "ground zero", when a sinkhole opened up in front of Trump’s Mar-a-Lago resort.