Reality

"The Case For Donald Trump Is Simple"

The alternative is President Hillary Clinton... Fair enough to argue that Mr. Trump represents a huge risk. But honesty requires that this risk be weighed against a clear-eyed look at the certainties a Hillary Clinton administration would bring.

This 'Market' Discounts Nothing Except Monetary Cocaine

In short, the market is not trading on a rebound in GDP, revenue growth or a breakout of already elevated profit margins. It’s just high on one more dose of monetary cocaine that in short order will prove to have been not even that.

RNC Day 1: Make America Safe Again - Live Feed

While the 'main event' is not until Thursday, Day 1 of the Republican National Convention's sub-theme is "Make America Safe Again" with Melania Trump headlining (introduced by her husband) along with Duck Dynasty's Willie Robertson, 'Lone Survivor' Marcus Luttrell, Governor Rick Perry, outspoken Milwaukee Sheriff David Clark, and Mark Geist & John Tiegen (Benghazi security team members).

How Aristocracies Benefit Both From Racism And From Anti-Racism

In theocratic Iran, the clergy determine what final choices the public will have; in aristocratic-dictatorial US, the aristocracy do. Bigotry, and its natural response – anti-bigotry – both advance the cause of the aristocracy, anywhere. It’s not just divide-and-conquer. It’s also redirect-and-distract.

After Eight Years Of "Hope And Change", Voters Are Angry

Eight years ago, Barbara Conley was one of the millions of Americans swept up in Barack Obama's promises of hope and change when he accepted the Democratic nomination at a packed football stadium a few miles from her home in the Denver suburbs. But those optimistic days are unrecognizable to Conley now.

Don't Reform The Fed, Fed-Exit!

Opponents of a central bank should take advantage of the post-Brexit vote revival of secessionist sentiments to promote a secession from central banking, or “Fed-exit.” Ending the Federal Reserve's monopoly on money is the key to restoring and maintaining our liberty and prosperity.

Why Oil Prices Might Never Recover

Two years into the global oil-price collapse, it seems unlikely that prices will return to sustained levels above $70 per barrel any time soon or perhaps, ever. That is because the global economy is exhausted. The current oil-price rally is over and prices are heading toward $40 per barrel. Oil has been re-valued to affordable levels based on the real value of money. The market now accepts the erroneous producer claims of profitability below the cost of production and has adjusted expectations accordingly. Be careful of what you ask for.

Herbalife: Media Materially Misstates FTC Outcome, Icahn Files Potentially Questionable Statement with SEC

In the classic "pyramid" scheme, participants attempt to make money solely by recruiting new participants into the program. The hallmark of these schemes is the promise of sky-high returns in a short period of time for doing nothing other than handing over your money and getting others to do the same. But, like most news that goes out incorrectly, nobody noticed the retraction and nobody cared. Here’s what Dow Jones’ official retraction of the morning’s news looked like when it was issued later in the morning, with Herbalife stock already trading up nearly 15%

Why Hillary Clinton's Email Case Is Still Not Closed

Normally, when the head of the FBI under one President says something like "no reasonable prosecutor would bring such a case" as the FBI reported regarding Hillary Clinton's emails, that would be the end of the matter; but Clinton actually still isn’t off the prosecutorial hook of this criminal case, unless and until she becomes President herself.

Grant Williams: The Rising Danger Of A Bidless Market

"Through life, behavior is reinforced by consequences. And since 2008, everything possible has been done to avoid the consequences... and now we've got a bunch of people now who are essentially paid to believe central banks...we will see all the unintended consequences of these actions come out when people want to hit a bid and there's not a bid there. It could get ugly."

Trump Narrows Clinton's Lead But Latest Polls Show Voters "Hate Them Both"

The last few weeks have seen Hillary Clinton's lead over Donald Trump reduced notably from over 8pts to below 3pts as her poll numbers tumbled post-Comey. While variance (discussed here) across the polls remains yuuge, Clinton remains the clear winner among African-Americans and younger Americans while Trump leads among whites and men; but as one pollster noted with regard the unfavorables, "Let me summarize the poll into four little words: 'They hate them both'."

"Janet Yellen Sounds Like A Fumbling Idiot No Matter What She Does"

"No matter what Alan Greenspan did he was taken as a genius. Whereas 20 years later, Janet Yellen sounds like a fumbling idiot no matter what she does. All her actions come across as desperate because the credibility has been blown away. The Fed has been forced into action and by being forced into action it has only highlighted what the Fed can’t do."