Our "Gaslight" Financial System

Perhaps the ultimate gaslighting in human history is our current fiat money creation system that benefits the few at the expense of the many.

Colorado "Hamilton Electors" Sue To Block Trump, Void Vote Mandate

Just a day after a Texas Republican "faithless elector" explained why he will not cast his vote for Donald Trump, The Denver Post reports two Democratic Colorado electors are filing suit challenging a state law requiring them to vote for the winner of the state’s popular vote. Their hope is to set a precedent enabling Republican electors in other states to vote for a third-party candidate to keep Trump from receiving 270 electoral votes.

The Equation That Explains It All

There’s only one word for it now as to explain just how beholden the market is adhering to, and repeating the below calculus. And it just so has it, Einstein said it best: “Insanity.”

WTI Pops Despite Biggest Cushing Inventory Build Since 2008

With OPEC behind us, perhaps the market's focus will swing back to fundamentals (as opposed to headlines) and following last week's huge build across products, API reported the second week in a row of crude inventory draws (bigger than the expected 1.37mm drop). However, Gasoline and Distillates saw major builds but Cushing inventories rose over 4mm barrels - the most since 2008. WTI seemed to focus on the crude draw at first...

Trader Exclaims "Markets Are In An Alternate Universe"

"This has been a momentum-driven market rather than one driven by well-reasoned fundamental analysis... It’s amazing what pseudo-intellectual havoc can be caused by a couple hundred points bounce in the markets..."

Is Trump Calling Out Xi Jinping?

Across Asia, every capital is waiting to see how Xi Jinping responds, for a matter of face would seem to be involved.

Not Remotely Data Dependent

Should the FOMC “hike” in December, it will again have nothing to do with economy or recovery.