What Is An Algorithm?

In the modern world, algorithms do much of the digital heavy lifting... In short, society couldn’t function as-is without algorithms – and as we lean on them to run more things, it becomes more important for us to learn what they are and what they do...

America Is On Its Way To Divorce Court

"Our politics today is descending into a bitter spiral of contempt... the attack on Rep. Steve Scalise, R-La., and his colleagues should serve as a wake-up call that the demonization of our fellow Americans who disagree with us has gone too far..."

Brazilian President Temer Officially Charged With Corruption

Just over a month after O Globo newspaper first brought the world's attention to the fact that Brazil's President Michel Temer was 'allegedly' involved in "hush money" payments, then vehemently denied by him; and just a week after the police confirmed it had evidence that Temer received bribes, O Globo, reports citing court documents, that President Michel Temer was formally charged with corruption by Prosecutor-General Rodrigo Janot.

How The Fed Helps The US Spy On Foreign Governments

It's widely known that the Federal Reserve has been tasked by Congress with a "dual mandate" to maintain maintain stable consumer-goods prices, low unemployment and - oh yeah - buoyant equity prices.  However, as Reuters revealed on Monday, the central bank has another legally binding obligation that might upset some of its clients: Helping US intelligence agencies spy on foreign governments.

James Rickards: The Fed Is Going To Cause Recession

"[The Fed is hiking rates] to prepare for the next recession... they know a recession will come sooner rather than later... My estimate is that they’re not going to get there. The recession will come first. In fact, they will probably cause the recession that they’re preparing to cure."

Hindenburg Omen Reappears As Main Market Supports Get Kicked Away

In the last week, the controversial Hindenburg Omen has started to cluster ominously once again. Combined with divergent market internals and rates off the zero-bound (and global central bank balance sheets actually shrinking), John Hussman warns of the rising likelihood of an interim market loss on the order of 50-60% over the completion of the current cycle.

SCOTUS "Mostly" Reinstates Trump Travel Ban; Schedules October Hearing

It appears that Trump has been handed a 'partial' victory on his travel ban by the Supreme Court.  While SCOTUS revived a "narrowed" ban, they found that it can not be applied to people with a "credible claim of a bona fide relationship with a person or entity in the United States."  A hearing has been scheduled for October.