"Things Are Worse" - Dollar Stores' Startling Admission: Half Of US Consumers Are In Dire Straits

"I know that when we look at the overall U.S. population, it seems like things are getting better. But when you start breaking it down and you look at that core consumer that we serve on the lower economic scale that's out there, things have not gotten any better for her, and arguably, they're worse because rents are accelerating, healthcare is accelerating." - Dollar General CEO, Todd Vasos

Assange Assassination Attempt? Cops Took 2 Hours To Respond To Embassy Breach

The Wikileaks Twitter account reported early this week that an unidentified man attempted to scale the wall of the Ecuadorian Embassy in the U.K. at 2:47 am. The “cat burglar” escaped security and managed to flee to safety while embassy security waited two hours for U.K. police to take the two minute walk from the police station to the embassy housing internationally-known whistleblower Julian Assange

Risks Of Loose Money - Exposing The Link Between Monetary Policy And Social Inequality

... what we are looking at is a flawed system that penalizes saving and encourages reckless spending and printing money. Although we all appear to be stuck in the same environment that combines negative interest rates and price inflation, we have the lower strata of society that is doomed to lose, as they end up spending more, discouraged by negative rates, and instead accumulate debt to keep up with the increasing prices. And then we have the “winners”, who know how to take advantage of the system and thrive in it...

Jackson Hole Conference Schedule And List Of Attendees Released

The Kansas City Fed has released the schedule of its two day Jackson Hole symposium which, officially kicked off with dinner on Thursday night, hosted by dissident regional Fed president, and dissenter, Esther George (she voted against Yellen's decision to keep rates unchanged in March, April and July). The highlight is tomorrow's 10am ET Janet Yellen speech titled "The Federal Reserve’s Monetary Policy Toolkit."

At least 1 Dead, Multiple Injured In Major Explosion At Belgian Sports Complex

A powerful explosion went off just after midnight local time at the Plaine Chalon sports facility in Chimay, Belgium, partially destroying the building and burying an unknown number of people under the rubble, local media report. At least one person is reported dead and four were injured (two seriously) after the building collapsed, Belga News Agency reported citing emergency services spokesperson.

Restaurants In D.C. Slash Jobs After Minimum Wage Hike

In yet another stunning example of the unintended consequences of minimum wage hikes, restaurants in Washington D.C. are slashing jobs.  "The last time DC experienced restaurant job losses in five out of six consecutive months was 25 years ago in 1991, and the last time 1,400 jobs were lost over any six-month period was 15 years ago during the 2001 recession."

The Disgusting Silence Fueling Crony Capitalism

Free market capitalism - the very heart, soul, and driving engine that has propelled technology, medicine, transportation, manufacturing, efficient markets, and so much more - is not only under assault; it is being left out to hang like some dried, dead leaf by the very people who should be at the forefront for its defense. i.e., CEO’s and business leaders of all stripes. Yet, so far – the silence is deafening.

Nuke Miniaturization Threat Emerges Conveniently As Pentagon Seeks $1 Trillion

DHS has been attempting to secure wearable nuclear detection devices and this is the next wave of atomic propaganda. We are supposed to be frightened by the continued miniaturization of nuclear weapons. Conveniently, one new threat is emerging in North Korea just as the military-industrial complex is seeking a $1 trillion nuclear arms upgrade...

Black-Out Days

Dear Louisiana, America is behind you 100%... except...

Chart Of The Day: Which Socialist Utopia Has Seen Car Sales Drop 99%?

It appears that the citizenry of Venezuela - shining example of socialist utopian endgames - are too busy slaughtering black stallions for food, lining up for toilet paper, and dying from lack of medicines to go out and buy cars (even at 0% rates for 10years?)...

'Last Economist Standing' John Taylor Urges "Less Weird Policy" At Jackson Hole

Infamous rules-based economist John Taylor attended the first monetary-policy conference in Jackson Hole in 1982, and he may be the only person to attend both the 1st and the this year's 35th. With Fed policy the easiest (relative to economic fundamentals) every in history, Taylor has one wish for an outcome... "less weird policy"

Treasury Vol Crashes To 2016 Lows

With all eyes focused on the collapse in equity risk over the last few months, it seems Treasuries have been ignored. This week has seen intraday trading ranges for 10Y Treasury yields crash to 2016 lows. The last time the volatility was this compressed was early June, which pre-empted a major surge in risk, slide in stocks, and drop in rates...