The Latest Red Flag For U.S. Shale

The U.S. shale industry has had a rough few weeks, with a growing number of reports suggesting that the industry is facing much more financial trouble than many analysts had expected. Now, a new report adds further evidence to the notion that shale is losing its luster in a $50 per barrel market, with producers forgoing shale in favor of older wells.

Phoenix Police And FBI On "High Alert" Ahead Of Trump Rally Tonight

There is no shortage of controversies surrounding Trump's appearance tonight in Phoenix that could turn what is supposed to be a peaceful political rally into complete chaos.  With Trump's reaction to the Charlottesville tragedy still fresh in the minds of political activists on the left, there are expected to be as many protesters outside the Phoenix Convention Center as there are inside watching the President's speech.

More Peak Shale: World's Largest Miner Is Selling Its Shale Assets

Overnight we got the clearest indication yet that the US shale sector may have indeed have peaked, when BHP Billiton - the world's largest miner - said it was in talks with potential buyers of its U.S. shale assets, purchased during a frenzied $20 billion buying spree in 2011, just as the price of oil peaked.

The Truman Show Markets

"Fake news, fake economies (based on fake demand dependent on asset bubbles), fake markets (dependent on QE and low interest rates). It’s the Truman Show, folks."

Google Folds, Restores Accounts Of Banned Statistics Professor

"Thank you all very much again, in recent days, for the outpouring of support in my Google predicament. I love you, and together we can and will always achieve great things. Have also spoken with the leadership there, and they restored accounts."

Ron Paul Urges America "Oppose Fascism Of The Right & The Left"

Following the recent clashes between the alt-right and the group antifa, some libertarians have debated which group they should support. The answer is simple: neither. The alt-right and its leftist opponents are two sides of the same authoritarian coin.

Are We Fiddling While Rome Burns?

Solutions abound, but they require the retirement of obsolete systems that defend entrenched interests and soul-crushing inequalities.

Frontrunning: August 22

  • Trump commits to a 'fight to win' in Afghan war (Reuters)
  • Stay or Go? Some Trump Aides Are Pressed From All Sides (WSJ)
  • Futures higher as traders pick up beaten-down stocks (Reuters)
  • Divers Search Compartments of Ship for Missing Sailors (WSJ)
  • Why Do U.S. Navy Ships Keep Colliding? (BBG)

Stocks Rebound As Europe Ends 3-Day Losing Streak; VIX, Gold, Bonds Slide

S&P futures are modestly in the green, following gains in European and Asian shares, after the cash index climbed on Monday for the first time in three days as volatility tumbled amid abysmal trading volumes. European stocks joined an Asian stock rally following three days of losses. Bonds, gold, VIX and the yen declined despite another warning from Ray Dalio who said he was "reducing risk."