Condo Flippers In Miami-Dade Left Twisting In The Wind

Miami-Dade’s spectacular condo flipping mania is in turmoil, with sales plunging, inventory-for-sale soaring, and new supply flooding the market. It’s not like Miami hasn’t been through this before.

McCain: "The New World Order Is Under Enormous Strain"

In a "new world order under enormous strain" and in "the titanic struggle with forces of radicalism … we can't stand by and lament, we've got to be involved," said John McCain who quoted by the EU Observer. "I trust the EU," he said, defending an opposite view from that of US president Donald Trump, who said in January that the UK "was so smart in getting out" of the EU and that Nato was "obsolete."

Pepe Escobar: Daesh, Creature Of The West

"According to Saudi intelligence, Daesh was invented by the US government – in Camp Bacca, near the Kuwait border, as many will remember - to essentially finish off the Shiite-majority Nouri al-Maliki government in Baghdad..."

There Will Be Those Who Perish In The Next Crisis, And Those "Who Survive In Underground Luxury"

The Oppidum is billed as “the largest billionaire bunker in the world.” This top-secret facility, once a joint project between the former Soviet Union and Czechoslovakia (now the Czech Republic and Slovakia), was built over 10 years beginning in 1984. The premiere apocalypse dwelling is a place that billionaires can live out the horrors of the apocalypse- be it zombie or other- in luxury with every amenity you could ever hope for.

Priebus, Price Blamed For Healthcare Failure: NYT

The NYT reports, that the blame for the legislative failure has fallen on Priebus, who was in charge of coordinating an initial plan on ObamaCare repeal with Speaker Paul Ryan, who for now appears to hve avoided Trump's direct wrath. Health and Human Services Secretary Tom Price was also blamed for the failure

Car Rams Into Pedestrians In Islington Area Of London; One Male Arrested

In what may be a copycat terrorist assault to last week's deadly car attack on Westminster Bridge which left 5 people (including the assailant) dead and dozens injured, moments ago reports hit that a car has rammed into pedestrians on Essex Road in the Islington area of London which is reportedly on lockdown.

Is This The Top? Champagne Shipments To US Reach 2007 Record Highs

Forget the deplorables; ignore the hollowing out of America's middle-class; dismiss the non-recovery in the nation's labor force; because 'everything must be awesome' in the United States - they're drinking the most champagne since the market top in 2007.

Goldman Asks "Have We Reached Peak Cash?"

The three key stakeholders in this argument, governments, businesses and consumers, all have varied benefits from shifting away from cash... although the advantages of moving away from cash are perhaps the most pronounced for governments.

Howard Marks Redux: "There They Go Again" - Why Stock Investors Develop Amnesia

"Contributing to... euphoria... is the extreme brevity of the financial memory... There can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present."

New Hedge Fund Fee Structures Reveal Traditional Model On Verge Of Collapse

While it's inevitably a slow process, over the long term, business models that no longer make sense, like paying billions in fees for returns that rarely exceed index returns (which could be accomplished for almost nothing), eventually die off...it looks like hedge funds just entered Phase 3 (a.k.a. "Bargaining") of a 7-step process.