India

"Sorry, Not Sorry" - Neither The Media Nor Their Owners Are Going To Change

The essence of American politics is “the manipulation of populism by elitism.” Don’t expect this to change in the wake of the navel-gazing mainstream’s historic whiff on the election–despite the occasional mea culpa and promise to overhaul its approach. Mostly because 90 percent of the MSM is owned and operated by six conglomerates that have little interest in changing the system that profits them, or in changing the editorial narratives that support the system.

Trump May Appoint President Of World's Biggest Hedge Fund As Deputy Defense Secretary

For those who collect stats about how many billionaires will be represented in Donald Trump's administration, prepare to make some extra room because according to Bloomberg, David McCormick, president of the world's biggest hedge fund Bridgewater, is the front-runner for the post of deputy defense secretary, according to three people familiar with the presidential transition.

What's Driving Rates?

While the bump in rates has been fastened to the recent election of Donald Trump, due to hopes of a deficit expansion program (read: more debt) and infrastructure spending which should foster economic growth and inflation, it doesn’t explain the global selling of U.S. Treasuries.