New York Times

Who Lost?

Sometimes who lost is more important than who won...

"The Will Of The People" Is A Myth

While it is rarely stated explicitly, the legitimacy of the modern American electoral system is founded on the idea of majority rule. Because of this, at the conclusion of each election, the victors claim the election reflected "the will of the people" and, in many cases, also claim a "mandate" to implement the victor's policy agenda. This has always been a tenuous claim in every way...

The Death Of The Democratic Party

"Democrats knowingly chose to nominate a deeply unpopular, extremely vulnerable, scandal-plagued candidate, who — for very good reason — was widely perceived to be a protector and beneficiary of all the worst components of status quo elite corruption."

Julian Assange Issues Statement On The US Election

"In recent months, WikiLeaks and I personally have come under enormous pressure to stop publishing what the Clinton campaign says about itself to itself. That pressure has come from the campaign’s allies, including the Obama administration, and from liberals who are anxious about who will be elected US President."

This Election Has Disgraced The Entire Profession Of Journalism

We still don’t know the outcome of the 2016 election, in which our “democratic process” has produced two candidates widely despised by the American people, but we do know the race’s biggest loser: reporters and the profession of journalism, which has been reduced to surrogacy, largely on behalf of Hillary Clinton.

Frontrunning: November 4

  • Stocks Extend Pre-Vote Selloff as Treasuries Gain; Lira Weakens (BBG)
  • Fears over US election spur investors’ dash for cash (FT)
  • Republican Voters Rallying to Trump Leave Party Leaders in Awkward Spot (BBG)
  • Trump gains ground on Clinton: Reuters/Ipsos States of the Nation (Reuters)
  • Hillary Clinton take 3-point lead in the latest ABC News/Washington Post tracking poll results (ABC)

Global Stocks Drop; Futures Hints At Longest Losing Streak Since December 1980

With yesterday's, 8th consecutive decline for the S&P 500, the US equity market has now posted the longest losing streak since October 2008; and should we close payrolls Friday day with another negative print, it would be the longest negative streak since December 1980. Putting the recent slide in context, stocks are now down compared to a year ago, and are unchanged since December 2014.