WSJ: "The Clintons Really Do Think They Can Get Away With Anything"

After years of claiming that the Clinton Foundation poses no ethical conflicts for Bill and Hillary or the U.S. government, Bill Clinton now admits the truth—sort of. If his wife becomes President, he says the Super PAC masquerading as a charity won’t accept foreign or corporate contributions. Bill will also resign from the foundation board, and Chelsea will stop raising money for it. Now they tell us.

"It's Not Some Barbarous Relic" - Trump Adviser Urges Return To Gold Standard

".. we need a fundamental reassessment of the global monetary order... in terms of gold being involved, I see it as a sophisticated, forward-looking approach because gold is neutral, it’s universal, and it’s a well-accepted monetary surrogate that transcends borders and time. If you look at the foreign reserves of the most important countries, they keep them mostly in gold. I don’t want to read too much into it, but it proves that gold is not some barbarous relic."

Mike Rowe Slams Celebrity Political Endorsements: Election Is Like "The Final Episode Of American Idol"

"Regardless of their political agenda, my celebrity pals are fundamentally mistaken about our “civic duty” to vote. There is simply no such thing. Voting is a right, not a duty, and not a moral obligation. Like all rights, the right to vote comes with some responsibilities, but lets face it - the bar is not set very high... Donald and Hillary are there because we put them there... The electorate has tolerated the intolerable. We’ve treated this entire process like the final episode of ‘American Idol.’ What did we expect?”

A Postmodern Tragedy In One Part: "The Fed Is Observing The Market And The Market Is Observing The Fed"

The fed is observing the market and the market is observing the fed; the Fed has no maneuvering space and the market knows that, and the Fed knows that the market knows, but, in order to preserve the underlying symbolic order, both sides pretend that the other does not know it -- their gaze can never meet, there has to be an implicit agreement that this can never happen.

Obamacare Is The Welfare State's Requiem

No more. The Obamacare meltdown has destroyed the conceit that government can improve society through expansion and mandate. It turns out that large stacks of paper don’t automatically bring justice, equality, efficiency, and universal provision. Obamacare could be the last large-scale welfare program ever passed by Washington, D.C.

Goldman "Explains" Why Yellen Lost Credibility: "In Our View, The Fed Has Been Unlucky"

"The May 18 minutes surprised virtually everyone by guiding strongly toward a rate hike in June or July, and Chair Yellen reinforced this message in her remarks at Harvard University on May 27. But the weak May employment report released on June 3 and increased concern about the UK referendum again triggered a sharp pivot, putting on hold the notion of further hikes. These dramatic shifts have frustrated many market participants. In our view, the Fed has been unlucky."

Jeffrey Snider: All Signs Point To Systemic Reset

"... what’s happened in stocks is more a myth than actual reality. Investors in stocks are buying at ridiculous valuations based on the premise that the Fed can create a recovery through liquidity. And what 2014 and 2015 show us is that this simply wasn’t true! ...the longer the earnings recession lingers, the higher the risk that stock investors will realize that they’ve been following the wrong story all along!"

The Answer To Whether The Oil Market Has Rebalanced

The oil market is not rebalancing as some have suggested, in fact it appears to be still oversupplied by a large measure when taking into account the year over year additions to Total Stocks. Plus when adding in the effects of floating storage, the additions to alternative products for refined product there seems a desperate effort by the oil industry to move the commodity around from Cushing to the Gulf Coast.

Yemen Offers Russia Use Of Its Airports And Ports In "Fight Against Terrorism"

A newly-formed governing council in Yemen could work with Russia to "fight terrorism" by allowing Moscow use of the war-torn country's military bases, Yemen's former president said on Sunday.  "In the fight against terrorism we reach out and offer all facilities. Our airports, our ports... We are ready to provide this to the Russian Federation," Saleh said in an interview.

Morgan Stanley: "This Is The Most Dangerous Time As Hope And Greed Overtake Fear And Loathing"

"It is often said that a rising tide lifts all boats, but perhaps the more pertinent question just now is whether this logic works in reverse... Although equity valuations continue to look extremely attractive relative to bonds, there is always a plausible argument that the equity rally will continue; however, this is potentially the most dangerous time for investors as hope and greed overtake fear and loathing."

Oil Rally At Risk After Niger Delta Advisors Announce Ceasefire

Nigeria's militant Niger Delta Avengers announced overnight on their website, that the would cease “hostilities in the Niger Delta against all interest of the multinational oil corporations,” to support talks with govt to end conflicts adding that it promises "to fight more for the Niger Delta, if this opportunity fails."