The US Government Will Spend $1.25 Million To Develop A Propaganda Cartoon For Pakistan

As the US government cuts into people's social security payments in order to reduce costs, it is not lost on everyone that the US is simultaneously jacking up expenses for things such as massive warships that cost taxpayers $4.4 billion, and extending the war in Afghanistan which will cost another $10 billion. However, it's not only the massive defense spending projects that the government does that bleeds US taxpayers dry, it's little one's as well.

Has Trump Found The Formula?

Stripped of its excesses, Donald Trump’s Wednesday speech contains all the ingredients of a campaign that can defeat Hillary Clinton this fall. The specific charges in Trump’s indictment of Clinton: She is mendacious, corrupt, incompetent and a hypocrite.

After Brexit: The System Cannot Hold

The overwhelming underlying principle that we see at work here is that centralization is dead, because the economy has perished. But that is something we can be sure no politician or bureaucrat or economist is willing to acknowledge. They’re all going to continue to claim that their specific theories and plans are capable of regenerating the growth the system depends on. Only to see them fail. It’s high time for something completely different, because we’re in a dead end street.

Fed Credibility Collapses - Rate-Cut Now More Likely For Next Year

Just when you thought The Fed's credibility could not drop any further... it does. For the first time since the financial crisis, the market now sees a greater probability of a rate cut than a rate hike... for the next year. In fact, "bets" on an eventual dip into NIRP have surged to record highs, and we suspect even higher today...

Hillary Clinton Omitted One Key Email From The State Department Review

Before turning over emails to the State Department for review and potential public release, Hillary Clinton and her lawyers withheld thousands of emails Clinton said were clearly personal, such as those involving what Clinton described as "planning Chelsea's wedding or my mother's funeral arrangements, condolence notes to friends as well as yoga routines, family vacations." As it turns out, Clinton missed a category that was also withheld that could potentially be referred to as "Communications about work related emails sent from my personal server that are being blocked by the State Department"

When Fearmongering Fails

Fear is the go-to emotion that government preys upon. It's so reliable. The fear of the unknown causes most individuals to give away and sacrifice every liberty that they were naturally born with. A population that is perpetually afraid ultimately ends up fearing liberty itself! Government's sales pitch is that you need them. It is they who will protect you from a never-ending carousel of fears. A gigantic lesson can be learned from today's historic event. It proves that fear-mongering has its limits. It's not fool-proof.

Derivative Strategist Warns Of $150 Billion In Quant Selling Over The Next Three Days

“The bigger the down move today, the more they have to sell, which would basically create a vicious cycle,” Cheong, head of Americas equity derivatives strategy at UBS, said in a phone interview. “We’ll see front-loaded selling in the range of $100 billion to $150 billion over the next two to three days. It could be very similar to August in terms of model-based selling.”

Nomura Warns "Do Not Underestimate The Global Contagion" From Brexit

In a nutshell, Nomura expects the global impact of the Brexit to be more through the financial, confidence and psychology channels than simply through trade. Their warning is to not underestimate the depth and reach of global financial market contagion, which seems to have increased since 2008.

US Oil Rigs Decline Most In Six Weeks

After 3 straight weeks of rig count increases, US oil rigs declined 7 to 330 this week - the biggest drop in 6 weeks - sparking a very modest rise in WTI Crude.

Goldman Tells Clients To Start Buying Gold; Raises Price Target By $100

"We are raising our gold price targets to $1300/toz, 1280/toz and $1250/toz on a 3/6/12 month basis from $1200/toz, $1180/toz and $1150/toz respectively. We also upgrade our year average forecasts to $1260/toz, $1261/toz and $1250/toz from $1202/toz, $1150/toz and $1150/toz for 2016/17/18 respectively."