Trump's Border Wall May Force Government Shutdown

Trump's initial $3.8 billion border wall request is expected to complicate lawmakers’ negotiations to prevent a government shutdown. Senate Republican leaders said that they are unlikely to seriously pursue Trump’s supplemental border wall funding to avoid a potential government shutdown, courtesy of Senate Democrats who have vowed to block any funding of the 30-foot southern border wall.

Global Stocks, S&P Futures Little Changed On Brexit Day

Brexit day has finally arrived, and despite this major "risk event", European and Asian stocks are trading mixed, while S&P futures are just fractionally lower as a bounce on optimism over the American economy appears to have fizzled and President Trump continues to struggle to pass his legislative agenda. The pound first dipped then rose as the U.K. is set to begin its life outside the EU. 

Brexit Day Arrives: Why One Trader Thinks It Will Lead To A "Hefty Rally" In Sterling

"The data shows that speculative sterling shorts are at a record. At some point, those positions have to be unwound. After Brexit is officially triggered, there are no other concrete dates on the horizon for bad news, so many shorts will be closed. As a result, from Thursday, it’s logical to assume that the dominant flow in the coming weeks will be pound purchases. That could lead to quite a hefty rally."

DNC Asks Entire Staff For Resignation Letters

New DNC Chair Tom Perez:  "What we're trying to do is culture change.  We're repairing a plane at 20,000 feet. You can't land the plane, shut it down, and close it until further notice."

Former Ukrainian Prime Minister Faces Russian Arrest Warrant

As the Russia versus Ukraine gas war continues, former Ukrainian Prime Minister Arseniy Yatsenyuk now faces a Russian arrest warrant in addition to the international arrest warrant that has been active against him since February 21st...

Visualizing NAFTA's Mixed Track Record Since 1994

Bill Clinton: “NAFTA means jobs. American jobs, and good-paying American jobs..."

Ross Perot: "Americans will hear a giant 'sucking sound' as jobs go south of the border to Mexico."

"The End Of Truth" - Hayek Saw It All Coming Over 70 Years Ago

"...the beliefs must be chosen for the people and imposed upon them, they must become their beliefs... the minority who will retain an inclination to criticize must also be silenced. ...... the disinterested search for truth cannot be allowed...."

The Top Countries For U.S. Visa Refusals

If you're a Cuban focused on visiting the United States for tourism of business purposes, it's probably going to be a case of "close but no cigar".

Giulio Meotti: Islam, Not Christianity, Is Saturating Europe

Everywhere, Europeans see signs of fracture. Jihadists seem to be leading an assault against freedom and against secular democracies. Fears occupy the collective imagination of Europeans. A survey of more than 10,000 people from ten different European countries has revealed increasing public opposition to Muslim immigration.

Foundation & Empire - Is Donald Trump 'The Mule'?

"I don’t see Trump as an evil Mule character in this Shakespearian tragedy, as it progresses towards its ill-fated denouement...  It’s like jockeying for the best seat on the Titanic as it sinks into the frigid ocean depths of the Atlantic. The American Empire is in shambles and no one can reverse its course at this point."

New Study Says Robots Took All Of Detroit's Jobs, Not Mexico

"We are being afflicted with a new disease of which some readers may not have heard the name, but of which they will hear a great deal in the years to come—namely, technological unemployment." - John Maynard Keynes (1930).

Morgan Stanley Finds A "Stunning Divergence" In The Economic Data

"The divergence is stunning. Upside surprises appear to be completely driven by the soft data... we would not necessarily expect 'hard data' surprise indices to start racing higher if the factors behind the 2Q growth rebound remain narrowly confined to a few sectors as we expect..."