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Trump Nomination Odds Hit Record High As Rubio Urges GOP Not To "Ignore The Will Of The People"

The probability of The Donald becoming the Republican Presidential nominee has surged up to a record high 85% this week (as the odds of a brokered convention collapse) as a more mild-mannered and "can't we all get along" Trump begins to creep out of the shadows. As the inevitable event looms - no matter what the establishment tries - increasing numbers of #NeverTrump-ers are slowly but surely moving over to what they pictured before as the dark side. The latest, as The Hill reports, is none other than Marco Rubio who said "[Trump's] performance has improved significantly," urging GOP "let’s not ignore the will of the people or they’re going to be angry." Additionally, Rep. Jimmy Duncan (R-Tenn.) on Saturday endorsed Donald Trump for president, giving the GOP front-runner his 12th lawmaker endorsement.


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The Real Story Behind The True Magnitude Of The New Home Sales Collapse

Comparing the growth in the number of full time jobs versus the growth in new home sales starkly illustrates both the horrible quality of the new jobs, and how badly ZIRP has served the US economy.


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Gold And Negative Interest Rates

In Japan, the European Union and Switzerland, where negative nominal interest rates have already been adopted, it was observed that demand for safes and cash increased. At the same time, we learn that negative rates have boosted demand for gold in Japan (sales of gold to Japanese consumers rose to 32.8 metric tonnes in 2015 from 17.9 tonnes a year earlier). According to Takahiro Ito, chief manager at Tanaka Kikinzoku Kogyo K.K.’s store in Tokyo’s Ginza shopping district, “Many customers are wagering that it’s better to turn their savings to gold as a safe asset rather than deposit money at banks that offer low interest rates." 


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WTF Chart Of The Day: Speculative Frenzy '101'

In the new normal, where bad news is good news, stagnation is growth, and depression is a buying opportunity, it should be no surprise that the so-called "safety stocks" of the Consumer Staples sector have never been more risky. At a P/E valuation of 22x, food, beverage, and tobacco companies have never been more expensive. But, "safety stocks" are not the most expensive stocks in the US equity market...


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Let's Stop Pretending Nuclear Power Is Commercially Viable

Nuclear power is not commercially viable but has become a state-sponsored technology. There is nothing wrong with state supported technology. But we could save a lot of time and money by not pretending that it is something else.


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Trump Responds To California Protesters: "Felt Like I Was Crossing The Border, But I Got Here"

"That was not the easiest entrance I've ever made. We went under a fence, and through a fence. Oh boy, it felt like I was crossing the border actually..."


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The Cult Of Central Banking Is Dead In The Water

So what is to be done, as Lenin once queried? In a word it is this. Fire the Fed. Attend to supply side policy. Let market capitalism do the rest. The cult of central banking is dead in the water.


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Caught On Tape: The Last Minutes Of Life Of A Bumbling ISIS Fighter

"I need a rocket for firing at people! .. Careful not to shoot at our brothers! ... I've been shot!"


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Bernie Sanders' Wife: "It Would be Nice If The FBI Moved Along Hillary's Email Probe"

"We said right from the beginning, right after the debate where he said, 'enough of your damn emails,' he also said, 'there's a process...it's going forward,'" Jane Sanders said Thursday on Fox Business. "It's an FBI investigation...we want to let it go through without politicizing it and then we'll find out what the situation is and that's how we still feel. I mean, it would be nice if the FBI moved it along," she said with a laugh.


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The Full Story Behind Bloomberg's Attempt To "Unmask" Zero Hedge

Over the years, Zero Hedge has proven to be a magnet for media attention. Today, it is Bloomberg's turn.


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Why We're So Unhealthy

..because our system makes (and keeps) us sick.


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"Don't Fly Near Our Borders" - U.S. Spy Plane Again Intercepted By Russian Jet

Yet another close encounter took place between the U.S. and Russia yesterday, as a Russian SU-27 allegedly conducted a barrel roll over top of a U.S. Air Force RC-135 reconnaissance plane flying over the Baltic sea. There appears to be more to the story however, as Russia's defense ministry claims that the U.S. plane had turned off its transponder, which is needed for identification.."The US Air Force has two solutions: either not to fly near our borders or to turn the transponder on for identification."


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Lies, Lies, & OMG More Lies...

"I have certain rules that I live by... My first rule - I don't believe anything the government tells me." - George Carlin


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Berkshire Hathaway Annual Meeting Live Stream

For the first time ever, Berkshire Hathaway's annual meeting in Omaha goes digital and is being webcast live on Yahoo Finance. Those so inclined can watch Warren Buffett and Charlie Munger's deep thoughts in real time from the Woodstock of Crony Capitalism at the webcast link below.


Do NOT follow this link or you will be banned from the site!