Buchanan: Is War With Iran Now Inevitable?

"With his declaration Friday that the Iran nuclear deal is not in the national interest, President Trump may have put us on the road to war with Iran...Indeed, it is easier to see the collisions that are coming than to see how we get off this road before the shooting starts."

How Obamacare Fuels The Obesity Epidemic

Obamacare has socialized the cost of obesity by refusing to allow insurers to give incentives to customers to remain healthy, and to price customers according to their health risks.

WTI Shrugs Despite Huge Crude Draw

A v-shaped recovery in WTI/RBOB today (amid a dollar reversal at the EU close and chatter about a big crude draw) led prices higher into the API print (but after last week's 100% incorrect API vs DOE reversal, who knows what it means). And the rumors were true - a huge crude draw (biggest in 2 months) and the first build at Cushing in 8 weeks. However WTI prices didn't move much as product builds weighed on RBOB prices.

Yes, Robot Lawyers Are Now A Thing

In China, where artificial intelligence (AI) is gradually being integrated into the court system, the latest development is a robot that helps litigants with legal advice.

Bubble-nomics

Since 1970, every time asset values have risen above 520% of households disposable income (the dashed line in the chart) then the US has been in a bubble and a subsequent crash has followed.

The 'Winners Of The New World' Redux

"This sort of 'it doesn’t matter what you pay for an asset' is the type of thinking that prevails at tops. The idea of a new paradigm also permeates market participants’ thinking..."

Senators Reach Bipartisan Deal To Keep Obamacare Subsidies, Send Healthcare Stocks Soaring

It appears that President Trump's action last week has scared lawmakers, as taking the subsidy 'punchbowl' away from healthcare providers has been suddenly met with a bipartisan deal that Republican Senator Alexander says would maintain Obamacare safeguards for two years. Healthcare stocks are soaring back from the recent weakness to new record highs...