"The indictment undertakes to describe in detail four counts of bank-fraud conspiracy, false statements on credit applications, and unlawful monetary transactions, yet leaves out the most damning evidence of guilt.  There is something very strange going on here."

Investors overseeing a total of over $1.1 trillion have been cutting exposure to junk bonds amid growing concerns about rising rates, central bank policy and general geopolitical uncertainty.

Amid Libya headlines and contract rollover, WTI prices were wild heading into the inventory data tonight. Following two weeks of surprising builds in Gasoline inventories, API reports a surprise 3rd weekly build in gasoline inventories, and crude drawing only modestly (in line with expectations). The initial reaction was a kneejerk lower, breaking down the day's wedge.

In the latest propaganda video warning from North Korea, released just as the US and South Korea begin their massive 10-day military drill, President Trump is shown overlooking a sprawling Guam graveyard cluttered with crosses in a crudely photoshopped image.

"War is the health of the state, but the death of empires... The German, Austro-Hungarian, Russian and Ottoman empires all fell in World War I. World War II ended the Japanese and Italian empires — with the British and French following soon after. The Soviet Empire collapsed in 1989. Afghanistan delivered the coup de grace... Is it now the turn of the Americans?"

"For the past couple of centuries technology empowered the state, put more things under its control... Now, you simply can't hold financial assets in a form where 'The Man' can grab it if he finds you an enemy of the state, which in many states includes righteous men..."

Does ISIS have the capability of taking out a civilian passenger jet? According to an alarming new report by Reuters the answer appears to be yes.

The U.S. shale industry has had a rough few weeks, with a growing number of reports suggesting that the industry is facing much more financial trouble than many analysts had expected. Now, a new report adds further evidence to the notion that shale is losing its luster in a $50 per barrel market, with producers forgoing shale in favor of older wells.