When nearly half Americans view the Government as an "immediate threat" what are the odds they'll be honest during employment surveys?
Politics today is not about Republicans and Democrats. Nor is it about healthcare, abortion, higher taxes, free college tuition, or any of the other buzzwords that have become campaign slogans for individuals who have mastered the art of telling Americans exactly what they want to hear. Politics today is about one thing and one thing only: maintaining the status quo between the Controllers (the politicians, the bureaucrats, and the corporate elite) and the Controlled (the taxpayers).
If the cure for higher prices – as the saying in commodity markets goes – is higher prices, then the cause of lower rates is almost certainly lower rates!
The Great Illusion of the two-party system is that it allows the voter a choice – usually between a liberal and a conservative government. The reality is that, whichever party wins the election, the government is, in truth, a totalitarian one. The “choice” is a mere distraction from the true objective.
This will not end well...
Someone Is Very Wrong On The US Dollar: Hedge Funds Most Bullish In One Year, 'Real Money' Most BearishSubmitted by Tyler Durden on 02/29/2016 11:57 -0400
As JPM explained 10 days ago, before one can form a definitive view on the future direction of the S&P500, aside from BTFD "just because", one first has to decide what the USD will do from here. And that's where we run into a problem, because according to the latest Commitment of Traders data, the outlook of the "smart" money managers has never diverged as much as it does right now.
If you think Tinder for dogs and talking fridges are poised to reap billions in profits, by all means invest your own capital in these ideas. But don't expect any of the current batch of wanna-be's to ever scale up and generate billions in profit. Put another way: if tech no longer powers the stock market's central narrative, then we've run out of bubble-engines. And if we run out of bubble-engines, the system can no longer depend on "the wealth effect" to power consumption, fund property taxes, and everything else the current arrangement depends on for its financial survival.
As long as taxation exists, there will be tax havens. The wealth will flow to those that are most likely to honour their commitments over the long term.
The closure of borders in the north of Greece has created chaos: thousands of refugees and migrants wandering from Athens to Idomeni without knowing where to sleep and what to eat, where to lay their kids and elderly to sleep.
It happens at the top of every tech cycle – everyone wants to be a tech company. We’re there now. Tech is clubby - if you’re not inside, you’re outside. But before you try to argue for a higher valuation for a public company just because it claims to be 'Tech', consider our seven point checklist – "You might be a tech company if..."
America is crossing into a new era. Trump seems to have caught the wave, while Clinton seems to belong to yesterday. A note of caution: This establishment is not going quietly.
What motivates a populace to rebel against a regime?
Amid the biggest weekly drop in GBPUSD (cable) in 7 years, a surge in UK credit risk, and a spike in cable volatility, Brexit risk has never been higher, but, as Citi notes, is only 30% priced in at current levels (while polls are more 50-50) even as The British Pound is plumbing 30-year lows versus the U.S. Dollar.
A Teachable Moment: The Young Person Complaining About Her Job At Yelp Discovers Real Minimum Wage Is $0Submitted by Tyler Durden on 02/26/2016 00:57 -0400
This open letter from a young customer support employee of Yelp in San Francisco to her CEO has garnered a variety of comments that display a common bifurcation: some are sympathetic to her struggle to get by in a very costly region on a modest salary, while others wonder if the letter is an Onion parody of clueless entitlement: An Open Letter To My CEO.