Of Bread And Circuses

"A twentieth-century repetition of the mistakes of ancient Rome would be inexcusable... no society is ever murdered - it commits suicide... I am no prophet of inevitable doom. On the contrary, I am sounding an alarm that disaster lies ahead unless present danger signals are heeded."

America's Border Patrol Budget: Spot The Obama Difference

President Trump's crackdown in illegal immigration means more wall-building, more ICE agents, and a notably bigger budget for the border patrol program. As the following chart shows, that would be an extreme departure from the stagnant spending on our nation's borders by President Obama.

Intellectual Intolerance - Stunning Speech From Stanford University Provost Exposes "The Threat From Within"

"Over the years, I have watched a growing intellectual intolerance, a political one-sidedness - that is the antithesis of what universities should stand for. It manifests itself in many ways: in the intellectual monocultures that have taken over certain disciplines...We decry certain news outlets as echo chambers, while we fail to notice the echo chamber we’ve built around ourselves."

Trump Nominee For Navy Secretary Withdraws

Philip Bilden, a senior advisor at HarbourVest Asia and President Trump’s pick to lead the Navy, has become the third Trump appointee to withdraw his nomination. "Philip Bilden has informed me that he has come to the difficult decision to withdraw from consideration to be secretary of the Navy," Defense Secretary Jim Mattis said in a statement Sunday evening.

Index Investing Unmasked: 96% Of Stocks Are Garbage

"Index investing means buying a box of garbage stocks sprinkled with a few hope and glamour stocks whose price gains are solely a result of underperforming fund managers grasping for quarterly bonuses and retail investors juicing up their portfolios in a doomed attempt to catch up on their retirement targets."

Trump Is Right: "Swedes Are Suppressed By A Religious-Cult-Like Political Correctness"

"When I lived in Stockholm in 1999-2000, Rinkeby already had a reputation as a dangerous place, especially at night for young girls... President Trump actually did some good, speaking for the Swedes, unable to speak for themselves, suppressed by a religious cult-like political correctness, impressed by a secretive establishment."

A Technical Preview Of The Week Ahead: What The Charts Say

For the technical analysis fans among our readers, we are delighted to present you with the following 9 minute summary, courtesy of our friends at RanSquawk, laying out some of the most notable charts and pattern formations among various assets classes, with an emphasis on breaking out equities, as well as rates, commodities, and of course FX.