New Poll Finds That 80% Of Americans Oppose Sanctuary Cities

"While there is broad support for comprehensive immigration reform, there is overwhelming opposition to sanctuary cities.  The public wants honest immigrants treated fairly and those who commit crimes deported and that's very clear from the data."

Australia Central Bank Warns "High Debt Levels Are Affecting Household Spending"

"It is possible that continuing rises in indebtedness, partly as a result of low interest rates, increase the fragility of household balance sheets. If so, then at some point in the future, households having decided that they had borrowed too much, might cut back consumption sharply, hurting the overall economy."

The Hope For A "Greater Fool"

The “Greater Fool Theory” surmises there is always a “greater fool” than you in the market to sell to. For Wall Street, that greater fool is you. Haven’t you ever wondered why Wall Street never tells you to “sell and raise some cash?”

Blind Faith Everywhere

Beware of academics bearing models. Knowing prices are wrong and knowing when they are going to correct are two very different things - being able to survive until and through the correction is vital.

Biggest Gasoline Glut In 27 Years Could Crash Oil Markets

It would be one thing if crude stocks were rising, perhaps because refiners were going offline for maintenance. But if that were the case, then gasoline stocks would draw down on lower refining runs. But if both crude and refined product inventories are going up at the same time, then there should be some reasons for worry.

A History Of The US Stock Market From 1899 To 2017 In Three Charts

Here are three charts highlighting the dramatic transformation of the US stock market starting in 1899 and continuing through today, showcasing its relative domination of all global equity markets, the relative sizes of world markets, and how dramatically the equity composition has changed over the past 117 years.

Milo Yiannopoulos Resigns From Breitbart News

"Today, Milo Yiannopoulos, Senior Editor at Breitbart News, announced his resignation from the company. "Breitbart News has stood by me when others caved. They have allowed me to carry conservative and libertarian ideas to communities that would otherwise never have heard them. They have been a significant factor in my success. I'm grateful for that freedom and for the friendships I forged there."

CSX To Fire Over 20% Of Management-Level Employees

CSX announced on Tuesday that alongside the retirement of the company's CEO and President, it would also lay off 1,000 of about 4,500 management employees by the end of March, a side-effect of a dramatic activist investor fight.