Chinese Contagion Risks Surge: Banks' Reliance On Each Other For Funding Hits All Time High

China’s smaller banks have never been more reliant on each other for funding, prompting rating companies to warn of contagion risks in any crisis.  "Contagion risks are definitely rising," according to S&P: "The pace of the development is concerning. If this isn’t stopped in time, the central bank will lose some control and flexibility of its monetary policy."

A Turning Point In The US Presidential Campaign. What Happened?

If Hillary Clinton’s illness had not materialized, someone would probably have had to have made one up for her. The Democratic presidential candidate’s dramatic drop in popularity just over the course of the last month has been attributed to her sudden health issues and pneumonia. Of course they’re claiming that Clinton will recover and that her extraordinary determination to keep fighting will make voters even more sympathetic to her. The biggest US media outlets are helping her spin that.

Amazon "Tweaks" Its Hillary Book Stats: Doubles '5-Star' Reviews Overnight

Two short weeks ago, we exposed the gaping difference between Amazon reader reviews of Hillary Clinton's "Stronger Together" book (14% 5-Stars) and Donald Trump's "Great Again" book (74% 5-Stars) as The New York Times described Clinton's propaganda as a "flop." So, as with everything else in this 'new normal rigged' world, something had to be done and WaPo-owner Jeff Bezos' Amazon reviews appear to have been 'tweaked' - more than doubling Hillary's top reviews.

Knave Dave's picture

Trump's corporate tax cut is the largest in US history, but it's another giveaway to the top 10%, including himself. It comes with no constraints so it will be spent on more stock buybacks and bigger bonuses. If you want a place at the table, you're going to have to fight for it; otherwise, you can stay below with the rest of the dying middle class and lick up the crumbs.

Libyans Who Once Opposed Gaddafi Now Regret US-Led Regime Change

Who actually benefits from American-led wars across the globe? The aftermath of American-led conflicts shows it is not the common people, though the military and politicians vow they are liberating and protecting them... "Before 2011, I hated Gaddafi more than anyone. But now, life is much, much harder, and I have become his biggest fan."

Global Central Bank-Driven Stock Rally Fizzles; Crude Rebounds On Saudi Oil Production Cut Report

Until minutes ago, this week's rebound in global equities appeared to be running out of steam as oil retreated from a two-week high and a dollar slide ended.  However, as noted just around 6am, Reuters reported, citing as it usually does various "anonymous sources", that in a radical departure from its long-held policy of not cutting production, Saudi Arabia was prepared to cut production on condition that Iran freezes output, which led to an instant spike in crude.

The "Deplorables" - Who We Are And What We Want

If you really want to know who we “deplorables” are it’s rather simple - we are the ones who refuse to participate in the operation of the machine. We are the cogs who refuse to cooperate. We will not grease the gears. We will not stoke the furnace. We will stop the whole damn thing in it’s tracks, because, for the sake of future generations, we must.

"The Big Short's" Steve Eisman Reveals What The Next Big Short Is

Asked to name the next big short, Eisman initially declined. “I’m not in such a rush to do it again,” he said. “It took years off my life.” Then he relented, saying, “The only big short out there is when the world loses confidence in QE.”

After Disastrous Berlin Election, Angela Merkel Admits "Mistakes Were Made" On Migrant Crisis

Angela Merkel said on Monday afternoon she was “fighting” to make sure that there would be no repetition of the chaotic scenes on Germany’s borders last year, when “for some time, we didn’t have enough control” adding that “No one wants this to be repeated, and I don’t either,” Ms. Merkel said of last year’s refugee influx at Germany’s borders. “We have learned from history."

How About Presenting The Facts & Letting Voters Decide Who's "Fit To Serve"?

This simple two-step process would greatly diminish the Ministry of Propaganda's influence. It isn't that hard to understand, people: the voters should be able to review the candidates' medical exam results (i.e. the facts of the matter) so they can decide who's "fit to serve" in an informed fashion. Isn't that the core of democracy?

Mexican Peso Crashes To Record Lows As Trump Odds Surge

While correlation is not causation, it is certainly a wink and a nudge in this case. As Donald Trump's poll numbers soar so the Mexican Peso has been collapsing against the US dollar, and just broke to fresh record lows...

US Futures; Euro Stocks Slide On Deutsche Bank Liquidity Fears; Bonds Bid

Following yesterday's paradoxical US stock surge catalyzed by a bevy of bad macroeonomic news, the overnight session has seen some good old "risk off" mood which hit European shares as a result of the previously reported $14 billion DOJ claim against Deutsche Bank, which sent Europe's biggest bank tumbling, dragging the banking sector lower, while a continued drop in the price of oil pushed energy companies lower.