Reality

The Real Purpose Behind The Russian/Trump Conspiracy Propaganda

"The Russian circus is going nowhere because it was never meant to go anywhere. It is distraction and drama, a soap opera for the ignorant masses. Trump will not be removed from office. If he does end up impeached, the impeachment will fail. As I have said since before the election, the establishment needs Trump as president... the US system is going to move into the next phase of collapse under Trump's watch, and the elites need their scapegoat."

Macquarie Warns OPEC Deal To Collapse In 2018

OPEC’s production cut deal is unlikely to survive beyond its current deadline in March 2018, with the agreement seen falling apart towards the middle of next year, in which case a huge amount of extra oil would hit the market, Ian Reid, head of European oil and gas research at Macquarie, told CNBC on Thursday.

One Trader Is Stunned By The "Staggering" Confusion In The Market

"The ability of people to string together utterly inconsistent arguments to describe what’s going on in markets, and the world for that matter, is staggering...what are manifesting themselves as quiet markets are actually highly unstable... "

Data Says Fed Is Making A Mistake

"While raising rates will accelerate a potential recession and a significant market correction, from the Fed’s perspective it might be the ‘lesser of two evils. Being caught near the “zero bound” at the onset of a recession leaves few options for the Federal Reserve to stabilize an economic decline. In other words, they already likely realize they are screwed."

Sears Canada Announces Bankruptcy; Fires 2,900

It's official - the US 'retail apocalypse' has moved north as Sears Canada (and some of its subsidiaries) have applied to Ontario Superior Court of Justice for protection under the companies’ Creditors Arrangement Act (CCAA), in order to continue to restructure its business.

Yield Curve Inversion Looms As Jobless Claims Hover Near 44-Year Lows

With all eyes on a collapsing yield curve and its implications - exposing the dismal reality of US economic growth expectations that The Fed would really rather you ignore - this morning's jobless claims data (at 240k, near 44 year lows) further confirms the historical pattern that suggests yield curve inversion looms...

America's Rich Are Completely Losing Touch With Reality... And That's A Really Bad Sign

"...while the average joe is forced to worry about central banks devaluing their currencies, corrupt bureaucrats eroding their civil liberties, and an economy on life support... a faction of affluent individuals has committed themselves to avoiding this turmoil, instead choosing to obsess over life extension, genetic manipulation, and creating luxurious doomsday plans. "

WTI Tumbles To $42, Brent Below $45 As Credit Crashes

High yield energy credit markets are in trouble again, with risk now at its highest level in 7 months. Despite this morning's Iran-hyped OPEC bullshit and a small draw in Gasoline, it appears the reality of surging US shale production and lagging demand is weighing down oil (and gasoline) markets...

Goldman's New Favorite Trade: Make 25x Your Money If Stocks Drop 7%

As we have pointed out numerous times, Goldman notes that elevated US policy uncertainty and geopolitical risk indicate heightened risk of more frequent political and geopolitical tail events. And given the extreme complacency in markets, Goldman suggests the following trade as a clean way to play that concept of reality emerging into market pricing once again...

Oil Bear Market Sends Global Stocks, Yields Sliding; Chinese MSCI Addition Fizzles

In an eventful overnight session which saw a historic transition in Saudi Arabia, an unexpeted Republican victory in the Georgia Special Election, China's inclusion in the MSCI EM index and Travis Kalanick's resignation, S&P futures continued to fall, alongside stock markets in Asia and Europe, while oil prices extended their drop despite a larger than expected draw reported by API on Tuesday.

Coming Apart: The Imperial City At The Brink

"...here in the imperial city in Washington DC, is that it is absolutely hollowed out... it is incapable of offering anything to its own people, the American people ... I think we have reached a point where there is no possibility of revival within the current system that exists. The current system is set upon ... is determined to eat itself out in a kind of civil war that is coming, and at the end of that, it will be done, will be finished..."