"Short Everything That Guy Has Touched" - San Fran's Lending Standards Put The Last Housing Bubble To Shame

The $0 down, 30-year, adjustable-rate, jumbo mortgage backed by illiquid stock options in tech start-ups, a loan which the San Francisco Federal Credit Union has coined POPPY (Proud Ownership Purchase Program for You), because "Steaming Pile of $h!t" just didn't seem appropriate and messaging really is everything when you're trying to dump loans overseas, has made a huge come back in Silicon Valley.  We know what you're thinking but it's probably fine.

The Law Of The Jungle Is Far Superior To The Ideology Of Globalism

While the law of the jungle is not easy or carefree or eternally "safe", I think there are many virtues to a “natural”, unfettered and decentralized way of life far above the mindless homogenization and collectivism of the globalist ideal. Here are just a few examples on why humanity would be much better off living wild and free rather than living an inhibited and micromanaged existence under a global authority.

Richard Koo: If Helicopter Money Succeeds, It Will Lead To 1,500% Inflation

"if businesses and households were to resume borrowing in earnest, the US money supply could balloon to 15 times its current size, sending inflation as high as 1,500%. The corresponding ratios are 28 times for Japan and Switzerland, five times for the eurozone, and 11 times for the UK. Once private-sector demand for loans recovers in these countries, confidence in the dollar, euro, and yen will plummet."

Democrats Question "Loyalty To US" Of "Treasonous, Traitor" Trump

In a full court propaganda press, enabling by a liberal media that can read polling data as well as anyone else, the 'wild conspiracy theory' that Donald Trump coordinated with Putin to hack and expose DNC emails (that prove the level of rigging and collusion that is too much to bear for many democracy-seeking citizens) has now become confirmed fact... entirely lacking any actual facts. In a desperate bid to regain the narrative, as any convention bounce is erased for Hillary Clinton, her surrogates, as The Hill reports, have now stepped it up, calling Trump "treasonous" and a "traitor," questioning "his loyalty to America."

Insanity In Japan

Of all the developed countries, Japan is in the worst condition economically. Most others, including the United States, are following the same path to insanity though. Unlike Japan, other countries may have time to implement policy changes that will allow them to avoid Japan’s desperate circumstances.

Trump: "I Hope Russia Has All 33,000 Emails That Hillary Deleted"

In yet another statement that is certain to spark outrage among Democrats, moments ago Donald Trump said he hopes that Russian hackers accused of breaching the DNC have obtained the tens of thousands of emails that Hillary Clinton deleted from her private email server.  "If they hacked, they probably have her 33,000 emails. I hope they do," Trump told reporters on Wednesday at a press conference at his Miami-area hotel.

Doug Casey On President Hillary Clinton, World War III, & The Deep State

"The Democrats can be viewed as the evil party and the Republicans as the stupid party. But they’re really just two sides of the same coin, at least when it comes to their leadership - they’re all Deep State members. The Libertarians once had a claim to being the party of principle, back in the days when people like John Hospers, Harry Browne and Ron Paul were their candidates. But now, the Libertarians can be viewed, at best, as the smart wing of the stupid party. It’s a sad testimony to the nature of politics..."

"Ask Donald Trump Anything": Reddit Begins AMA Session With Presidential Candidate

While the Democratic Convention is warming up ahead of tonight's headline speakers, including Tim Kaine, Joe Biden and president Obama, Donald Trump is set to host an “Ask Me Anything” question-and-answer session on a Reddit board run by and for his supporters. The “Ask Me Anything,” or AMA, will be held Wednesday evening, starting at 7:00pm.

Why A "Dollar" Should Only Be A Name For A Unit Of Gold

"A general acceptance of the principles of the flexible standard must therefore result in a race between the nations to outbid one another. At the end of this competition is the complete destruction of all nations’ monetary systems."

Facebook Soars After Smashing Expectations: The Quarter In Charts

So much for any worries about FANGs rolling over. After yesterday's modest AAPL beat which nonetheless resulted in one of the biggest intraday jumps in its stock in history, moments ago Facebook reported results which simply crushed expectations. The street was expecting $6.01 billion in revenue and EPS of $0.82. Instead it got $6.44 billion - 84% of which came from mobile - and EPS of $0.97 cents.

DNC Day 3: Bloomberg, Biden, BlackLivesMatter, & Obama - Live Feed

With Donald Trump stealing the headlines once again, amid surging poll numbers, the Clinton campaign will unleash its entirely non-divisive racial equality platform tonight with Jesse Jackson and the Congressional Black Caucus putting everyone straight. Billionaire Mike Bloomberg, VP Biden and VP-hopeful Kaine are also speaking, but today's headliner, closing out the night, is the economic-climate-change-denier-in-chief himself - President Barack Obama.

One Reader's Reaction To Bill Clinton's Speech: "A Harlequin Romance Novel"

Donald Trump, perhaps unsurprisingly, was among the first to criticize former President Bill Clinton's speech at the Democratic National Convention last night, saying he left out "the most interesting chapter." As one eloquent Zero Hedge reader pinpointed: "That anyone still sees Bill’s performance art as sincere is proof of the gullibility of the Democratic electorate. He ‘admires and respects’ Hillary, yet he schtupped anything without a Y chromosome in the Oval Office."