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Why Are We So Bad At Solving Problems?

While our problems tend to evolve in exponential ways, our attempts at solving them move in linear fashion. That is true as much for the problems we ourselves create as it is for those that – seem to – 'simply happen'. "...we are going to evolve through crisis, not through proactive change..."

Oil "Rebalancing" In Jeopardy After Iran Output Soars To Pre-Sanction Levels, Russia "Pours Cold Water" On OPEC Forecast

The biggest non-OPEC member disagreed with OPEC's latest rosy - if only for OPEC countries - assessment, when Russia poured cold water on the notion that recent falls in production in the Americas, Asia and Africa had wiped out a global production and storage overhang.  Russian Energy Minister Alexander Novak told reporters on Thursday that the global oil surplus stood at 1.5 million bpd and that the market might not balance out until the first half of 2017.

Texas Secession Looms As "Independence Resolution" Nears Vote

If the nationalists get their way, this November might be the last time Texans vote for a US president. On Wednesday, the Platform Committee of the Texas Republican Party voted to put a Texas independence resolution up for a vote at this week's GOP convention, according to a press release from the pro-secession Texas Nationalist Movement. The resolution calls for allowing voters to decide whether the Lone Star State should become an independent nation.

Fossil Stock Plummets 25% On Abysmal Results As US, Global Consumers Choose To Save Instead Of Spend

This was the latest confirmation that something is very badly broken with not only the US but also international consumer, who as the WaPo "determined" earlier is actively seeking to sabotage the Obama recovery by not spending on such products as Skaggen watches, but instead selfishly is saving away all available funds. Expect even more weakness in the coming quarters, especially among comparable consumer companies, if this unpatriotic saving behavior does not revert back to what made the US consumer class the most beloved across the entire world.

The Inevitability Of Unintended Consequences

Why central planning efforts will ultimately backfire - Anyone involved with managing projects, people or systems knows that the only thing that can be planned with absolute certainty is that things will never go 100% according to plan. History is full of examples where governments' best-laid plans failed in spectacular fashion, exacerbating the very problems they were intending to solve. Here are a few of our favorites...

Key U.S. Events In The Coming Week

In the traditional post payrolls data lull, we’re kicking off what’s set to be a much quieter week for data this week with nothing of note due to be released in the US on Monday, however the week picks up with notable economic dataon NFIB small business cofidence, Import prices, PPI and culminates with Friday's retail sales report, UMichigan sentiment and business inventories.

For Russia & China, It's "Accept American Hegemony" Or "Go To War"

In the United States truth-tellers are persecuted and imprisoned, or they are dismissed as “conspiracy theorists,” “anti-semites,” and “domestic extremists.” The entire Western World consists of a dystopia far worse than the one described by George Orwell in his famous book, 1984. That Russia and China permit Washington to operate in their media, in their universities, in their financial systems, and in “do-good” NGOs that infiltrate every aspect of their societies demonstrates that both governments have no interest in their survival as independent states. They are too scared of being called “authoritarian” by the Western presstitute media to protect their own independence. We predict that Russia and China will soon be confronted with an unwelcome decision: accept American hegemony or go to war.

How El Chapo Used Gold To Move Money Out Of The U.S.

With blue lights flashing and a SWAT team in front of the warehouse, a black sedan pulled up. A man got out, popped the trunk, grabbed a briefcase and headed for Natalie Jewelry. Once there, the man was heard to say "I just need to drop off this gold and get a receipt. I need a receipt..."

What Wall Street Expects From Today's Payrolls Report And How To Trade It

In what may be one of the least relevant payroll reports in a long time as the Fed already knows the labor market is doing better quantiatively (qualitatively it has been all about low-paying jobs gaining at the expense of higher paying manufacturing and info-tech positions) and as has further demonstrated it is no longer jobs data dependent, here is what Wall Street consensus expects: total payrolls +200,000, down from 215K in March; a 4.9% unemployment rate; average hourly earnings rising 0.3% (last 0.3%) M/M and 2.4% Y/Y (last 2.3%); on labor force participation of 63%.

Knave Dave's picture

Establishment Republicans have a plan to help workers because they hear you after all the clamor that has formed around Donald Trump. That is how they bill it anyway — a plan to help laborers. They have heard through their marble walls that some of you are not happy with wages that have been stagnant for decades. So, they have hatched a brave new plan that has only your best interest at heart.

How Jeff Gundlach Is Preparing For A Trump Presidency

How is Gundlach preparing and trading in advance "Trump presidency"? "Look at arms manufacturers, said Gundlach. He would avoid companies that are susceptible to global trade slowdowns, particularly those related to Mexico and China.... As he gets the nomination, the markets and investors are going to worry about it more. You will see a downgrading of global growth based on geopolitical risks. You must factor this into your risk-management."