Corruption

When It Comes To Wall Street, Preet Bharara Is No Hero

The prominent U.S. attorney fired by Donald Trump this weekend has been justly acclaimed for his pursuit of political corruption. But his treatment of the Wall Street executives involved in the financial meltdown was far less confrontational.

"Solutions Abound" To Crush The Crony Cartels

Rather than bemoan the inevitable failure of centralized "fixes," let's turn our attention and efforts to the real solutions: decentralized, networked, localized.

The Empire Should Be Placed On Suicide Watch

If the Neocons succeed in their attempt to overthrow or, failing that, at paralyzing Trump, then the Empire will have the choice between an endless horror or a horrible end.

The Deep State Dystopia To Come

"...wealth will be institutionalized. The concept of withdrawal will fade along with the fiction of ownership... A criminal corporate commonwealth, supported by a fiat dollar as global reserve currency enforced by threat of war and economic collapse, will be deaf to protest from below..."

Welcome To Totalitarian America, President Trump!

If there had been any doubt that the land of the free and home of the brave is now a totalitarian society, the revelations that its Chief Executive Officer has been spied upon while campaigning for that office and during his brief tenure as president should now be allayed.

The Uncivil War And What You Can Do About It

"Not to be overly dramatic, but a civil war has begun in America. Everyone knows it to be true, but no one knows what comes next. Given the country is so solidly divided, with zero chance of reconciliation, the democracy is effectively broken. As with the first US Civil War, wide schisms have formed that now separate families and friends. Schisms that will take years to heal, and maybe never."

Frontrunning: March 10

  • Futures rise as investors count down to jobs report (Reuters)
  • Individuals Tiptoe Further Into Long-Running Stock Rally (WSJ)
  • American Diplomats’ Comfort With Tillerson Gives Way to Unease (BBG)
  • EU leaders grope for unity as Britain walks out  (Reuters)
  • Trump's disputes with local governments could create fresh conflicts of interest (Reuters)
  • May Hears Hard Truths About Brexit as EU Prepares for Talks (BBG)

S&P Futures, Global Stocks Jump Ahead Of US Payrolls As Global Bond Rout Continues

European and Asian shares rise along with a jump in S&P futures which are pointing to a solidly green open on US payrolls day. The dollar, trading somewhat weaker against the euro was stronger against the yen, and was on track for its firth week of gains, while the rout in global Treasuries continued following a Mario Draghi conference that was interpreted as more hawkish than expected.