Why There Is Trump

It’s over! The entire model our societies have been based on for at least as long as we ourselves have lived, is over! That’s why there’s Trump.

This Is What Trump Should Do In The Second Debate

"Fuck all these skewed polls. The debate didn't matter, and it didn't change anyone's mind..Trump should have been hammering the Clintons (that's right, Hillary and Bill) on putting Wall Street in change of America's economy, but he spent far too much time defending himself...Trump needs to paint the Clintons as the tag team that gave the country away to the banksters, and forced 76% of Americans into living a paycheck to paycheck lives..."

Oil Pops After Crude Inventories Unexpectedly Drop

In the week since the last API report, oil has ripped and dipped back to unchanged following an unexpected draw and Algiers disappointment, but prices jumped higher (tagging $45.00) as API noted a 752k draw (4th week in a row). This was dramatially below the 3mm build expected. Cushing, Gasoline, an Distillates all saw inventory draws (the latter's first draw in 7 weeks).

The FT Goes Full Fearmonger: Electing Trump "Would Unravel The World"

"Sometimes history jumps. Think of the first world war, the Bolshevik revolution, the Great Depression, the election of Adolf Hitler, the second world war,... We may be on the brink of an event as transformative as many of these: the election of Donald Trump as US president. This would mark the end of a US-led west as the central force in global affairs. The result would not be a new order. It would be perilous disorder."

Russian Hackers Breached Democrats' Cell Phones: FBI

Having had most of their computers hacked, a new threat has emerged for Democrats. Reuters reports that FBI investigators believe "foreign hackers" have targeted mobile phones used by "a small number of Democratic Party figures, possibly including elected officials" according to four political and government sources said on Tuesday.

The Onion Fact-Checks Last Night's Debate

Addressing issues ranging from national security to trade to their personal controversies, Democratic nominee Hillary Clinton and Republican nominee Donald Trump squared off in the first presidential debate Monday. The Onion takes a look at the validity of their bolder claims:

Elon Musk Reveals The Spaceship For Colonizing Mars - Live Feed

For those gathered today at the International Astronautical Conference in Guadalajara, Mexico, an animated video showing SpaceX's new rocket - known as "Big Falcon Rocket" - presented in the clip below, provides a sneak peek of Elon Musk's next ambitious initiativeL colonizing Mars.

Crude Chaos Strikes: Saudis Admit "No Deal" But "Hopeful" For November

Having failed completely to consumate a freeze deal in Algiers, the Saudi oil minister throws out a bone of hope to crude bulls that November's OPEC meeting may see a freeze deal. Crude is testing its lows of the day but bouncing around like Hillary's eyes as the minister desperately tries to keep the dream alive.

It's Not Really About Deutsche Bank

It is never a good thing when official sources either named or unnamed are quoted in the media as denying bailout discussions. For any bank such rumors and denials are harmful because, obviously, they are a reflection of common perception. Furthermore, most people know all-too-well the true nature of any denials, thus reinforcing only that much more the troubling perceptions in the first place.

Deutsche Curve Inverts As Bundesbank Dismisses State Support Of "Zombie" Banks

Deutsche Bank Sub CDS closed above 500bps for only the second day in its history (and the longer-term CDS curve inverted once again) as a bad day ended worse with Bundesbank member Andreas Dombret exclaimed "state support of banking sector must end," warning that it only "props up zombie banks." His pronouncements also pushed politicians to make the hard decisions and "tell banks they need structural reform."

Is Charlotte Our Future?

Celebrating the racial diversity of the Charlotte protesters last week, William Barber II, chairman of the North Carolina NAACP, proudly proclaimed, “This is what democracy looks like.” Well, if Barber is right, so, too, was John Adams, who warned us that “democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.”

The Global Housing Bubble Is Biggest In These Six Cities

In the latest report by UBS wealth Management, which compiles the bank's Real Estate Bubble Index,  it found a new champion for the title of "world's biggest housing bubble", namely a familiar name, Vancouver, but also that as many as six cities had made the "bubble" category, up from last year's two.