Stop Drinking The Kool-Aid, America: Political Fiction In An Age Of Televised Lies

Make no mistake: Americans only think they’re choosing the next president. In truth, however, they’re engaging in the illusion of participation culminating in the reassurance ritual of voting. It’s just another Blue Pill, a manufactured reality conjured up by the matrix in order to keep the populace compliant and convinced that their vote counts and that they still have some influence over the political process. Stop drinking the Kool-Aid, America.

Yen Plunges On Yet Another Strawman Headline About Stimulus, Then Surges On Denial

That didn't last long - Japan Ministry of Finance say it is not true they are considering 50yr bonds - debunking earlier WSJ story --Rtrs

USDJPY just spiked back over 106.00 after headlines suggesting Japanese PM Shinzo Abe will unveil new stimulus as soon as today. News reports on 27t yen fiscal stimulus and issuance of 50-year bond, both spur yen selling, says David Lu, HK-based director at NBC Financial Markets Asia. We suspect there will be some disappointment after the algos are finished as FNN reports the package will include 13t yen of low-interest loans (so a smaller helicopter than expected) and besides, it's not like the Japanese are suffering from rate being too high.

New Legislation Proposes To "Bail-In' Social Security

Even Social Security knows that they’re bankrupt and unable to keep their promises to taxpayers... Well, the government has figured out a solution. And it’s genius. Meet The SAVE-UP Act - “Secure, Accessible, Valuable, Efficient Universal Pension Accounts Act”.

DNC Day 2: Raucous Roll-Call & Bubba Speaks - Live Feed

If you thought yesterday was chaos - with Debbie down, moaning media, booing Bernie fans - today could start with another raucous rabble as the state roll-call vote will take place. Debbie Wassserman Schultz's just-as-biased replacement Donna Brazile will address the crowd (grab the popcorn), as will Nancy Pelosi, but the headliner of the night - surely there to doom-and-gloom more evil Trumpiness - is Bill Clinton.

"We Live In A Dystopic, Orwellian Ball Of Crazy"

"Make no mistake, humanity is being put into a state of constant vertigo; a psychological daze meant to keep us completely distracted from the reality that our cultural collapse is by design and serves the interests of a select elitist minority. Think things are strange now? They are about to get far worse in the coming months, I guarantee it..."

Might The Donald Be Good For Peace?

Trump says that the US has to "fix our own mess" before "lecturing" other nations on how to behave. No matter how extreme he may be in some of his statements, that one strikes a truly sensible note. Why does America consider that it has the right to hector and lecture China and Russia and so many other countries? It is, of course, because, as Obama announced, America considers itself the "one indispensable nation in world affairs."

Dead 'Market' Walking: Chinese Stock Volatility Crashes Near Record Lows

When Chinese authorities took over the day-to-day management and support of their collapsing stock market in August 2015, it was not just volume that died. From over 110, short-term volatility in China's major stock market - Shanghai Composite - has collapsed to single-digits this week. This is among the least volatile period in the index's history, despite increased uncertainty around stimulus and economic transition.

"Too Simple" Energy-Economy Models Give Misleading Answers

The common lay interpretation of simple models is that running out of energy supplies can be expected to be our overwhelming problem in the future. A more complete model suggests that our problems as we approach limits are likely to be quite different: growing wealth disparity, inability to maintain complex infrastructure, and growing debt problems. Energy supplies that look easy to extract will not, in fact, be available because prices will not rise high enough. These problems can be expected to change the shape of the curve of future energy consumption to one with a fairly fast decline, such as the Seneca Cliff.

What The Sudden Spike In The TED-Spread Really Means

Due to the latest government intervention, differentiating between the signal of real market stress and the noise resulting from the shift due to 2a-7 reform, will now be impossible, and thus it will also be impossible to gauge if there is something truly broken with the market, at least until such a "breakage" becomes all too apparent for everyone to see.

"An Extraordinary Development": Record Swiss Gold Flow Into The United States

There was a huge trend change in U.S. gold investment in May.  Something quite extraordinary took place which hasn’t happened for several decades.  While Switzerland has been a major source of U.S. gold exports for many years, the tables turned in May as the Swiss exported a record amount of gold to the United States.

Apple Surges After Beating Expectations, Despite Forecasting Third Straight Revenue Decline

While the plunge in Twitter share moments ago put those looking forward to AAPL's earnings on edge, Tim Cook delivered, beating on both the top and bottom line, reporting Q3 revenue of $42.4 billion, above the $42.1 billion expected as a result of better than expected iPhone sales, with the company selling 40.4 million units in the quarter, above the 39.9 million expected.

Oil Extends Losses After Surprisingly Large Cushing Build

With all eyes now focused on Gasoline inventories, API's report surprised with a modest draw (-420k) but a considerablyless than expected draw in Crude (-827k vs -2mm exp) and major build at Cushing (+1.4mm vs 750k exp). Crude had faded into the close after testing stops at $43, and extended losses after the API data hit.