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"Strongly Dissatisfied" China Warns US "Accident" Is "Highly Likely" In South China Sea

"China said on Friday it was 'strongly dissatisfied' after a U.S. military plane flew over part of the South China Sea near where China is building artificial islands, and called on the United States to stop such action or risk causing an accident."



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Adult FriendFinder Hacked - Federal Employees Allegedly Among 3.5 Million 'Exposed'

More than 3.5 million people’s sexual preferences, fetishes and secrets have been exposed after dating site Adult FriendFinder was hacked.

“I went straight for government employees because they seem the easiest to shame.”



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A Vision of Monetary Hell Troubles Our Sleep...

A vision of Hell troubles our sleep. It is the vision of what the United States will be like when the authorities have obliterated almost three millennia of monetary progress and have their boots on our necks.



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In No State Can A Minimum Wage Worker Afford A One Bedroom Apartment

Earlier this month we learned that in 21 out of the 26 OECD member countries that have a minimum wage, working 40 hours per week at the pay floor would not be sufficient to keep one's family out of poverty. Now, we discover something even more shocking...



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It Is Mathematically Impossible To Pay Off All Of Our Debt

Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt?  Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year. Many believe that if we paid it off a little bit at a time that we could eventually pay it all off, but as you will see below that isn’t going to work either.



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Our Crazy-Making Economy's Endgame: Festering Frustration Seeking An Outlet

The consequence of policies that exacerbate injustice, inequality and double-bind demands is a madness that will find a social and economic outlet somewhere, sometime.



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Apple Watch: Epic Dud?



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5 Things To Ponder: Everybody's Got One

No matter what investors SAY they will do, they will almost always succumb to the emotional investment mistakes caused by being human.



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Hill-nochio

"I got no strings on me..."



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And The Market Breaks (As VIX Hits 2015 Lows)



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Clinton Benghazi E-mails Released, Show "Sensitive" Information Was Sent From Personal Server

The State Department has released 850 pages of e-mails from Hillary Clinton’s private e-mail address. Clinton has been under fire for using a private e-mail server (as opposed to an official government account) to discuss potentially sensitive matters of national security and foreign policy during her tenure as the nation’s top diplomat. Specifically, there are big questions about who knew what and when about an attack on US outposts in Benghazi that killed US ambassador J. Christopher Stevens.



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China's Tulipmania Full Frontal: Shenzhen's Parabolic Stocks Just Hit 67x P/E

Forget Shanghai and its roaring stock market, there's a new centre for speculative excess in China. Nothing says sustainable capital formation like a stock index that trades at a valuation of 67.2 times earnings, is up 166% in the last year and whose components regularly see 500% rallies (and recently epic collapses). Welcome to Shenzhen.



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Weekly Wrap - 22nd May 2015



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Oil Prices Unmoved By Oil Rig Count Decline Of Just 1

The total rig count dropped by just 3 last week - the smallest decline since December - to 885, tracking perfectly with the 4-month lagged oil price we have been showing for 4 months. Oil rigs dropped just 1 on the week to just 659 - the lowest since August 2010. Oil prices are unch.



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