Reality

"All-Time-Highs"

"...central bankers seem to view elevated security valuations as “wealth.” The longer this fallacy persists, the worse the subsequent fallout will be. I have little doubt that future generations will look at the reckless arrogance of today’s central bankers no differently than we view speculators in the South Sea Bubble and the Dutch Tulip-mania. Unfortunately, there is no mechanism by which historically-informed pleas of “no, stop, don’t!” will penetrate their dogmatic conceit. Nor can we change the psychology of investors."

More Questions Emerge About Skewed Hillary Polls

One glimpse at the massive variance between the last two days polls in swing states suggests something very odd is going on. Simply put, given the post-Email-gate disapproval ratings, Pro-Hillary Clinton polls simply don't make sense... "The American public is far more pissed off than even you’d like to admit. Part of the reason you refuse to admit it is that this reality is truly terrifying."

Too Many Laws: Why Police Encounters Escalate

If we want to be serious about scaling back the degree to which police interactions with the public can lead to violent escalations, we must first scale back the number of offenses that can lead to serious fines and imprisonment for members of the public, while shifting the concentration of police efforts to violent crime and property crime. The emphasis must return to crimes that have actual victims and which are reported by citizens looking for stolen property and violent criminals. Not only will this increase the value of policing, but will also improve relations with most of the public while reducing the footprint of the state in the lives of ordinary people.

Elon Musk Is The Face Of This Bubbling Stock Market (But Maybe Not For Long)

Simply put, Musk is supporting the system’s determination to strip people of various forms of self-reliance. It’s one thing for government agencies to promote “clean” energy. Many are immediately suspicious. But Musk’s overriding talent is to make federal authoritarianism seem positively sexy. He is the rock star of alternative energy... "Elon Musk is an obvious fraud. Something that all of his companies rely upon is continued gub’mint cheese. Without the largesse of the state, his entire empire would have already collapsed."

The Myth Of The "War On Terrorism"

Remember We’re fighting them over there so we don’t have to fight them over here”? That was the justification for the worldwide war on terrorism the Bush administration trumpeted in the early days of the post-9/11 era. But now we hear that the latest iteration of the Terrorist Threat – ISIS – is losing ground in Syria, its home base. So let’s see if I have this straight: we fought them over there so we don’t have to fight them over here, but now that we’re winning over there they’re coming over there.

Why Helicopter Money Won't Push Stocks Higher

In effect, helicopter money turns the entire economy into a Ghost City. Things look busy and productive until the day the helicopter money runs out. From that day on, everything crashes back to reality and tumbleweeds are soon blowing down empty streets.

Oil Plummets After Gartman Covers Crude Short, Goes Long

"Following the “reversal” to the upside, we wish firstly to cover this short position AND we wish to go long of crude oil at the same time. So we are buying two units of crude this morning; one to cover the short and the other to go long. We trust we are clear."

Greater Fools Have Stormed The Casino

Since last Friday’s phony jobs report the casino has become so unhinged that analysis is beside the point. It is not surprising at all that the robo-machines are now gunning for the 2200 point on the S&P 500 charts. That’s what they do. What defies explanation, however, is that the several dozen humans left on Wall Street who apparently talk to Bob Pisani are actually attempting to rationalize this “breakout” of, well, madness.

UK Fund Managers Start Dumping Properties, Admit "Real Estate Needed Re-Pricing"

The uncomfortable moment of truth has arrived for property funds in the UK (and their investors). Following the initial tumble of the post-Brexit dominoes - eight major funds so far either gating redemptions or forcing massive haircuts on to investors who want out - contagion concerns even woke up Britain's regulators (and central bank) as fears of Bear-Stearns-esque forced liquidations spread; and now, as The FT reports, that is what has just started.

Islamization Of France: Stabbing Policemen, "Slut-Shaming" & New Death Threats

Islamization is gaining ground in the Muslim community of France. For a long time, this trend remained restricted to the cultural sphere and created strong controversies between Islamists and secular intellectuals (such as the ban on face-covering veils in schools and public places). But the debate stopped being a debate. Sometimes Islamic intolerance takes on the appearance of a civil war. The violence, which was mostly concentrated in the suburbs prior to the January 2015 terrorist attack on the satirical magazine, Charlie Hebdo, is spreading now to the heart of French cities. Murders, assaults, death threats and "slut-shaming" happens almost every day here and there.

An Ordained African-American Minister Asks "What If Whites Strike Back?"

America has figuratively bent over backward to assuage its perceived guilt but for many blacks that is not good enough. They accuse and self-alienate but do nothing to incorporate the greatness of America into their lives. How much longer will America allow blacks to vilify those who have done them no harm – even as blacks attack, terrorize, and condemn those who truly do just want to get along?