China Launches First Domestically-Built Aircraft Carrier

China launched its second aircraft carrier Wednesday morning in northeast China's Dalian shipyard in Liaoning Province. The new carrier, the first built domestically, was transferred from dry dock in Dalian into the water at a launch ceremony on Wednesday morning.

San Francisco Judge Blocks Trump's Sanctuary City Order

To our complete 'shock,' a federal judge in San Francisco, U.S. District Judge William Orrick, has blocked Trump's Executive Order intended to withhold funding from communities that limit cooperation with U.S. immigration authorities.

Fannie Introduces "Innovative Solutions" Allowing Student-Debt-Laden Millennials To Buy A Home

So what do you do when a massive student loan bubble results in crippling leverage for an entire generation of your population rendering them financially unqualified to obtain mortgage financing and their 'God-given right' to a slice of the 'American Dream'?  Well, you simply change the rules to allow mortgage lenders to ignore all that pesky student debt...

Feudalism And The "Algorithmic Economy"

"Welcome to the Algorithmic Economy, a future which uses machines to determine how effective you can be and how little they can pay you in the process."

Chinese Stocks Give Up Trump Gains As $1.7 Trillion Source Of Funds Unwinds

The Chinese and U.S. stock markets are going in opposite directions, as an intensifying crackdown against leverage has slammed the recently 'stable' Shanghai Composite over the past week, erasing all post-Trump gains. The relatsionship between the two markets is the weakest since August 2008 - just before the collapse of Lehman unleashed chaos on the global financial system.

Here We Go Again: Another Futures Fund Is Caught In A "Short Gamma" Trap

"we are now getting closer to ‘launch’ as the same situation is speculated to be ‘out there’ again.  There was some covering in 2330s and 2370s yesterday, while most of the size seemingly sits at the 2400 level.  As the market is sniffing out the upper strikes that such a strategy might be short, there is a self-fulfilling ‘short gamma’ as we push ever-closer to the pain-points."

Cataclysm

Collapse generally comes as a surprise, even to those who predict it.