European Taxpayers Now On The Hook For Junk Debt As ECB Bond-Buying Debacle Builds

"Picking winners" was never a good idea for policymakers - no matter what the economics textbooks say - and now the 'market' has given the ECB a big headache. Draghi's corporate-bond-buying scheme has backfired as the European Central Bank finds itself holding junk bonds in its so-called 'stimulus' plan after K+S AG was downgraded by S&P (sending its price plunging).

US Oil Rig Count Spikes To 8-Month Highs

For the 21st week of the last 22, US oil rig counts rose - spiking by 11 (most in 2 months) to 8 month highs at 443. Oil prices are modestly lower on the print...

"The Game Is Up" - Why Exporters Are In Double Trouble

Most of the worlds largest exporters are facing declining domestic populations (0-64yr/olds) and demand.  But now these exporters are also facing the prospect of declining global demand as the core population among the world's primary importers is set to peak.

Russia Wants To Monitor "Rigged" US Presidential Elections

In what can only be described as an epic attempt to troll both Obama and Hillary, and an apparent move to embarrass the United States over Trump's claims of that the upcoming presidential election will be "rigged", Russia has asked to send monitors to US polling stations for the Nov. 8 vote, according to reports by Russian media.

Welcome To Neocolonialism, Exploited Peasants!

The U.S. peasantry has been stripmined exactly like the powerless colonial peasantry in the old colonial model, and they are finally identifying their oppressors: the ruling Elite of the U.S.

Canada Walks Out Of European Trade Talks, "Deal Impossible"

With 'trade' at the center of any substantive differences between US presidential candidates, 1000s protesting 'trade' deals across Europe, 'trade' collapsing in China, and lame-duck Obama trying to push his 'trade' agenda, it is perhaps shocking that Canada’s trade minister walked out of talks to finalize a trade pact with the European Union, saying it now seems the bloc is incapable of reaching such agreements and that Canadian officials are returning home.

Half Of American Adults Exist In A Government Accessible Facial Recognition Network

One of the key aspects of an increasingly pervasive use of facial recognition technology is the total lack of regulation or informed consent that goes along with the collection and use of this intimate personal information. It’s a total wild, wild west environment where both corporations and government basically think they can do whatever they want. Indeed, they will continue to do exactly that until we the people make enough of a stink about it.

Frontrunning: October 21

  • Trump, Clinton trade barbed jokes for charity (Reuters)
  • Islamic State retaliates as Iraqi forces push on Mosul (Reuters)
  • Hedge Fund Managers Struggle to Master Their Miserable New World (BBG)
  • Woebegone Stock Pickers Vow: We Shall Return! (WSJ)
  • Madonna pledges oral sex for Clinton voters (The Hill)