Corporate America

The Elites Have Destroyed The Status Quo's Ability To Self-Correct

Systems that lose their ability to self-correct collapse. The self-serving elites and fiefdoms that have crippled the system's feedback mechanisms to protect their power, wealth and income think they're "winning" by imposing a new neofeudal order. But all they're really doing is ensuring the demise of the entire system.

Seven Charts For Bullish Investors To Ignore

Wall Street still exudes widespread optimism that 2017 will provide another year of solid gains for stocks amid stable albeit unspectacular economic growth and only gentle interest rate rises. However, as The FT details, all is not well in reality, and the following seven charts will hearten investors of a more bearish persuasion...

"No One Knows How This Is Going To Work" Trader Warns

"With all due respect to everyone with an opinion on this subject, no one knows how this is going to work in practice, let alone what it will do to markets.. If stability of financial conditions is the unofficial third mandate then buckle up."

Second Foundation: Empire Crumbling

Unusually gifted individuals come along once in a lifetime to disrupt the plans of the existing social order. Despite the forlorn hope Donald Trump or some other savior can reverse our course, decades of missteps, dreadful decisions, ineffectual leadership, and unconcealed treachery have paved a path to destruction for the American Empire.

David Stockman Offers "More Proof Of Janet Yellen's Idiocy"

"Anyone buying stocks based on confidence that the Fed has their back notwithstanding Wednesday’s action surely deserves the pounding just ahead. What Yellen had to say doesn’t even reach the status of babbling; it was flaming incoherence..."

US Government Revenues Suffer Biggest Drop Since The Financial Crisis

In the 12 months ended Feb. 28, total federal revenues were $3.275 trillion. This amount was 1.1% lower than the $3.31 trillion reported one year ago, and is the third consecutive month of annual receipt declines. This was the biggest drop since the summer of 2008.