Paul Volcker Explains Why The Fed Can't Raise Rates

"Our current debt may be manageable at a time of unprecedentedly low interest rates. But if we let our debt grow, and interest rates normalize, the interest burden alone would choke our budget and squeeze out other essential spending. There would be no room for the infrastructure programs and the defense rebuilding that today have wide support."

Losses Hurt More Than Gains

Thanks to 'Prospect Theory', we actually know how much more we hate losses than we like gains. So, in today's over-inflated, over-leveraged, over-manipulated markets, why on earth would a rational person not be prioritizing protecting their financial wealth? Pursuing incremental gains at this point is downright dangerous

Prepare For The Unthinkable

Over the last 40 years, the deception of funny money and rapid credit creation is what kept the illusion of growth and prosperity alive.  But over the last 8 years that illusion has been shattered by the following realities: Oceans of red ink, an over indebted economy, a debauched currency, a debased culture, a despoiled political process, criminal leaders, budding civil unrest, and much, much more. Welcome to France circa 1788.  The unthinkable is about to happen.


Trump "Truthers" Versus Hillary's "Hysterically Hyperventilating Hypocrites"

One can measure the validity of Trump’s utterances by the volume of squeals emanating from the pigs he’s stuck. Judging from the deafening din on this one, Trump scored a bullseye. If America’s faith in its elections is undermined, as so many hysterically hyperventilating hypocrites claim, it won’t be because of anything Donald Trump says or does, but because the racketeers rig elections and not all the people stay fooled all the time.

Risk Of "Mass Exodus" Of Doctors From Medicare Looms

If faced with increased reporting and administrative burdens, declining reimbursements and new payment arrangements that put their income at risk, many doctors - especially independent practitioners - may feel that they simply can't afford to participate in Medicare any more. One recent survey of physicians found nearly 40-percent expect a "mass exodus" from Medicare over MACRA. Given the predicted shortage of doctors over the next decade and an aging population, this would be disastrous.

Cashless Society - Is The War On Cash Set To Benefit Gold?

If governments allow banks to shut down bank accounts of individuals or companies without a fair trial and due legal process, it will create a very dangerous situation indeed. In this environment, buying gold is rational behaviour to even the biggest paper-bugs out there. The current monetary experiment of massive QE is no longer the main concern of prudent investors and institutions, it is now combined with negative interest rates and bail-ins.

Taliban Release Drone Film Of Suicide Attack In Afghanistan

Demonstrating their recent technological advancement, over the weekend Afghanistan's Taliban released drone footage showing a suicide bomber driving a Humvee into a police base in Helmand province and blowing it up this month.

SNL Mocks Third Presidential Debate; Trump Silent On Twitter

Just as it did a week ago, in its latest episode, "Saturday Night Live" mocked the third and final debate between presidential rivals Hillary Clinton and Donald Trump. However, unlike one week ago, Trump has refrained from slamming SNL on Twitter as he did last Sunday, a comment which, as expected, reverberated with the media who accused him of not having a sense of humor.

Statistician Warns Americans To "Ignore The Capricious Polls"

"We're in a sea of faulty polls... At this point it makes sense for Americans to ignore the capricious polls, and simply vote their conscious on Election Day.  The numbers in the polls don't add up to the significance the polling conclusions convey..."