The Simple Reason Why A Second American Civil War May Be Inevitable

"America has always had its divisions, and Americans have never really been a monolith. We’ve always been a nation of many nations... However, something has changed. You can feel it in the air... the truth is that these divisions have been deepening for decades, and they’re just now reaching a very noticeable breaking point... It used to be a war of words, but it’s turning into something very dark."

Fitch Downgrades Italy To BBB From BBB+

"Italy's persistent track record of fiscal slippage, back-loading of consolidation, weak economic growth, and resulting failure to bring down the very high level of general government debt has left it more exposed to potential adverse shocks. This is compounded by an increase in political risk, and ongoing weakness in the banking sector which has required planned public intervention in three banks since December."

When Low-Wage Workers Are Better Than Robots

Automation is not always the best course of action and, as cost effective as automation has proved in many areas of our life, we are finding a rise of businesses beginning to automate for reasons other than improved productivity or cost effectiveness.

Corporate Debt To EBITDA Hits All Time High

"When using the aggregated data, both gross and net corporate debt/EBITDA are at or near record leverage levels, well above prior cycle peaks." - Morgan Stanley

WTF Just Happened?

Just as VIX broke back above 15.00, The Dow and USDJPY suddenly air-pocketed seemingly out of nowhere... no news/fundamental catalyst as usual.