American Psycho: Sex, Lies & Politics Add Up To A Terrifying Election Season

It’s like being in the Twilight Zone. Only instead of Rod Serling’s imaginary “land of both shadow and substance, of things and ideas,” we’re trapped in an all-too-real land of politics and lies, where freedom and integrity play second fiddle to ambition and greed. Nothing is real.

Global Markets Shrug As China 'Manages' To Meet GDP Expectations

A couple of trillion dollars of freshly created debt and a collapsing currency (which did nothing for the trade balance which was described as "not very solid" by authorities) along with a dead stock market, a bond market at record low yields (unconvinced at any recovery) and a housing bubble and China's National Statistics Bureau 'nails it' with 'meets' across the board (albeit Industrial production disappointed).

Hacked Salesforce Presentation Showed No Interest In Twitter, But These 2 Companies May Be "In Play"

According to a May 2016 presentation that, paradoxically, came from a trove of thousands of former Secretary of State Colin Powell’s emails that were hacked and published in September by DCLeaks, Salesforce was looking at more than a dozen potential acquisition targets that did not include Twitter. Instead, the presentation notes two public companies, previously undisclosed, which may spike in trading tomorrow on hopes of an imminent Salesforce acquisition.

Five Main Things To Watch In Today's Chinese GDP Report

There is a reason why, when the Chinese Q3 GDP print is revealed shortly, it will be an utterly meaningless indicator - the number is a goalseeked, arbitrary political construct meant to convey not information about the economy, but about Beijing's intentions what it may or may not do in the future. Unfortunately, since it is the only official number to come out of Beijing, hours will be spent debating it for the next few days. As such, here are 5 key things to focus on...

The Absurdity Of Political Correctness Has Reached New Heights

...some bureaucrats in New York City think that it is sexual harassment for a professor to base grades in part on effort and classroom behavior. It appears that the bureaucrats decided that “effort” could be interpreted as an invitation for female students to trade sex for higher grades.

China Injects Economy With A Quarter Trillion In Debt In One Month, But The Full Story Is Much Scarier

"From a growth rate perspective, the speed of credit expansion is alarming. The current pace of credit growth in China is realistically in a range between 19% and 20%, well above the reported official TSF growth of 12.4% and new loan growth of 13.0% in September. Relative to GDP, China’s credit-to-GDP ratio currently in a range from 260% to 275% of GDP as of September 2016" - Barclays

Member Of Saudi Royal Family Has Been Executed For Murder

While we await news of the first, and quite historic, foreign Saudi bond pricing which at last check was said to be oversubscribed, in more surprising news, Al Arabiya reports that according to Saudi Arabia’s Ministry of Interior, on Tuesday it carried out the execution orders on Prince Turki bin Saud al-Kabir, a member of the Saudi Royal family.

The Sedition Act: The Bad Penny Returns

For those who still believe in the concept of individual freedom, Adolf Hitler had this to say: “Society’s needs come before the individual’s needs.” This concept has been thoroughly supported by modern day American politicians of both parties. Hillary Clinton echoes the Fuehrer’s view as follows: “We must stop thinking of the individual and start thinking about what is best for our society.” The Sedition Act has now become a permanent condition in the US, and Europe is not far behind.

WTI Surges Above $51 After Unexpected Crude Inventory Draw

Seasonally, expectations are for continued builds in inventories (following last week's biggest build in 6 months) but API reported a massive 3.8mm drawdown (against 2.1mm build expectations) sending WTI prices soaring. Distillates also saw a notable draw as Gasoline built modestly. Cushing saw the biggest draw since Feb 2014.