AsiaPac Stocks Tumble After Japan GDP As China Trade Data Looms

Following a modest revision to Japanese GDP (still -1.1% and recession-y) and with all eyes glued to China's trade data, Chinese and Japanese stocks are not folowing the panic-buying short-squeeze-driven lead of US equities. Both are down hard in the early AsiaPac trading (with China down for the first time in six days post-G-20).

The Danger Of Media Blackout

The overall message that’s received by the Western public is essentially that there are good countries (the US, EU, and allies) and bad countries whose governments and peoples seek to destroy democracy. Western propaganda has it that these bad countries will not stop until they’ve reached your home and robbed you of all your freedoms. The view from outside this cabal is a very different one. The remainder of the world view the attacks by US-led forces (Afghanistan, Iraq, Yemen, Libya, Somalia, Syria, etc.) as a bid for world dominance. In examining the Wolfowitz Doctrine, this would seem to be exactly correct.

China Goes Full "Minority Report", Creates "Pre-Crime" Program

Xi's "Tigers and Flies" campaign may have been reasonably effective when it came to rooting out corruption in the Party and the "crackdown" on "manipulators" might served to strike fear in the hearts of any Chinese who thought about shorting stocks last autumn, but that's not good enough for China. No, a true police state needs "pre-crime."

The Birthing Of Trump's America: The Swindlers Vs. The Swindled

The effects of all this fundamental dishonesty have thundered through our national life to the degree that American society is now divided into the swindlers and the swindled, loosing the monster of collective Id known as Trump on the public. This is what comes of attempting to divorce truth from reality, which has been the principal business of American life for several decades now. When truth and reality become de-linked, a society literally doesn’t know what it is doing.

Goldman Gives Draghi An Ultimatum, But The ECB May Be Finally Ready To Snap

"The ECB needs to surprise this week, not because of markets, but because – given the trend in core inflation – the existing policy mix is behind the curve."- Goldman FX strategist Robin Brooks

"There is a refugee crisis; what could the ECB do? There is climate change; oh, the ECB needs to do something. I have the hiccups; oh, the ECB should do something ... it's crazy. I find this completely ridiculous and irresponsible. But we got ourselves into this" - ECB source.

Iran Billionaire Who Pioneered "PetroGold" Sentenced To Death

Two months back, in a series of lengthy exposes we profiled the ins and outs of the “petrogold” trade that allowed Iran to skirt international sanctions that froze Tehran out of the banking system by way of conduits and shady go-betweens in Turkey and Dubai. Now, the man behind the Iranian side of the sanctions end-around has been sentenced to death in his own country. Did he really embezzle nearly $3 billion? Or was his demise preordained?

Mike Bloomberg Won't Run For President: "I Won't Risk Helping Trump"

"We cannot 'make America great again' by turning our backs on the values that made us the world’s greatest nation in the first place. I love our country too much to play a role in electing a candidate who would weaken our unity and darken our future -- and so I will not enter the race for president of the United States."

Average Wall Street Bonus Drops 9%; Lowest Since 2012

When it comes to concerns about their professional future, few things faze Wall Streeters: mass layoffs - no big deal, someone else will hire; empty steakhouses - that's ok, Hustler Club is packed (and expense accounts are accepted just fine). But lower compensation and all hell breaks loose. Which is why quite a few hearts must have been pounding today when New York state Comptroller Thomas DiNapoli released his annual Wall Street compensation report in which we revealed that average Wall Street bonuses for 2015 will drop by a quite substantial 9% to "only" $146,200, the second consecutive year of declines, and the lowest since 2012 when average bonuses were $142,860.

How China Is About To Unleash A Monster Housing Bubble, In Six Easy Steps

What is worrisome is that since this trick can be applied basically anywhere in China, it will be and the elite in Shanghai and Beijing will catch on as will tier 2-4 cities, whose governments are even more desperate to rescue the housing market. With the elite and smart money milking the existing banking system in this way and moving money out, China's 3.2 Trillion (and declining for 4 consecutive months) official reserves doesn't look all that impressive.

Ron Paul: Do We Need To "Rebuild The Military"?

We must adopt a policy of non-intervention and a strong defense of this country. The neocons will weaken our country and our military by promoting more war. We need to “rebuild” the military by restoring as its mission the defense of the United States, not of Washington’s overseas empire.

This Is What JPM Meant When It Said The "Market Is Trapped"

As the dollar weakens, it supports the most beaten down, energy, sector (which has now undergoing a record short squeeze), but it ultimately will pressure the broader market lower through Tech and Momo. As Kolanovic called it: "a market trapped by the USD."