Waking Up In Hillary Clinton's America

With less than two weeks to go before E-day -- despite the Trumptilian upheaval of the last year -- the high probability of a Clinton win means the establishment remains intact. When we awaken on November 9th, it will undoubtedly be dawn in Hillary Clinton’s America and that potentially means four years of an economic dystopia that will (as would Donald Trump’s version of the same) leave many Americans rightfully anxious about their economic futures.

US Taxpayers Pay AT&T Millions A Year For The Privilege Of Being Spied Upon

AT&T’s in house, for-profit surveillance operation called Project Hemisphere has nothing to do with information sharing legally required under a warrant, but rather consists of a business line through which the telecom giant stores customer data longer than peers in order to turn around and sell it to government agencies (no warrant required). This allows law enforcement to use secret and never disclosed evidence to build a cases against citizens via a shady and unaccountable practice known as parallel construction.

Amazon Plunges After Missing Earnings, Guides Below Expectations

After several quarters of smashing expectations, moments ago Amazon tumbled as much as 9% after reporting EPS of $0.52, far below the $0.85 expected, on revenue of $32.7 billion, in line with estimates, and up 29% from a year earlier.  Operating income also missed, printing at $575 million, below the $690.5 million expected.

"If Trump Loses, I'm Grabbing My Musket": Former Congressman Ready To Go Full Revolution

At this point, no one can say for certain what will happen in the aftermath of November 8, but it is clear that millions and millions of Americans are dissatisfied with the status quo, troubled about the economic realities perpetuated by the Fed and angry that Hillary may be put in the Oval Office rather than a jail cell, despite a trail of corruption with virtually no end. How far will things go? And will things ever be reset without a new American Revolution?

KKR Calls The Top: PE Giant Selling Distressed Debt It Bought Earlier This Year

“We are in a very significant monetization cycle, particularly in more of the distressed investments that we made,” said Nat Zilkha, who oversees the 40-year-old firm’s credit investments, adding that “we got involved in some situations in energy and coal and other commodities earlier in the year, and those have played out quite well -- frankly faster than we thought.”

French 'Shocked' As Power Prices Spike To 8-Year Highs On Nuclear Reactor Probe Shutdown

The scale of forced closures in nuclear power-reliant France - 19 reactors offline and 12 more due to shut - is the biggest since the Fukushima disaster in 2011, after French nuclear safety watchdog ASN warned its sprawling probe into forged quality control reports on reactor parts would turn up more irregularities. These deepening setbacks have sent French power prices soaring to 8 year highs and are expected to spike more into the winter...

7 Year Auction Prices On The Screws As Foreign Central Bank Demand Returns

Following two poor auctions, with both the 2 and 5 Year issue earlier this week pricing in wobbly conditions, many had expected today's 7 Year, and last for the week, sale of $28 billion in Treasurys to tail as well. Instead, as we learned moments ago demand for the belly of the curve was the strongest among this week's auctions, perhaps as a result of today's sharp selloff in global rates.

Venezuela Throws In The Towel On Hyperinflation: Will Print 200x Higher-Denominated Bills

Venezuela’s government, defeated by hyperinflation, has finally thrown in the towel and plans to issue new bills in December with larger denominations—up to 200 times higher than the current biggest bill. The new coins and notes will go up to 20,000 bolivars, compared to the current higest denominated bill, 100 bolivars, worth about 8 cents on the black market.