Reality

Is This Why Deutsche Bank Is Crashing (Again)?

Deutsche's dead-bank-bounce is over. The last few days have seen shares of the 'most systemically dangerous bank in the world' plunge almost 20%, back to record lows as the DoJ fine demands reawoken reality that the €42 trillion-dollar-derivative-book bank is severely under-capitalized no matter how you spin asset values. However, another question looms - Is Deutsche Bank cooking its derivatives book to hide huge losses...

Obama Explains Why The Presidential Race Is Such A "Nail-Biter"

The President of "the most transparent administration ever" is shocked at how close the election has become. Having seemed to be try to shame the black community into voting for Hillary (calling it a "personal insult"), CNN reports that President Obama has found another scapegoat  - blaming "misinformation" from right-wing websites for the "nail-biter."

Traders Worry As Divergence Deja Vu Looms

While 'everything was awesome' this morning in stock market land (economic data, Fed uncertainty, and domestic terrorism aside), the more troubling reality under the surface of the equity market's gains is a plunge in 52-week highs... a divergence which spelled big trouble the last time it occurred.

Buy-The-F**king-Terror-Attack Rally Falters On Exploding iPhone Chatter

Thanks to overnight exuberance in oil (via Venezuela) and the seemingly ubiquitous buying that occurs after every terror attack (see Paris for the best example), US equities have retreated back into the red - led by NASDAQ (AAPL batteries' exloding rumors) - as quad-witching shenanigans have given way to pre-Fed anxiety (despite a 9% chance of a rate hike this week)...

Slowly... Then All At Once

We’re on a collision course with these stark realities. The rackets and swindles unleashed in our futile quest to keep up appearances have disabled the financial operating system that the regime depends on.

US Desperately Pumps "Humanitarian" Smokescreen For Failing Syria Ceasefire

Washington’s lie about seeking a genuine ceasefire in Syria is in danger of being exposed for the world to see. So, hilariously, a charade is being hurriedly orchestrated in order to hide this ignominy. As usual, the Syrian government is being scapegoated for the real cause of violence in the country. That real cause is Washington’s state-sponsored terrorist-fueled war for regime change.

Deplorables, Delusionals, & Demagogues United By A Flawed Foreign Policy

If you are an alien, terrestrial or extraterrestrial, looking at our nation these days, you would be scratching your head trying to figure out why our country is known as the USA and not the DPA (Disunited Peoples of America).  Only thing that appears to unite us –  not all but most – is the love of empire and pride in a corporate-military war machine that mercilessly sucks a great part of our economic, intellectual and moral resources; truly impoverishing our people and making Americans, friends of some but enemies of most people around the world.

Wells Fargo: Who Says Crime Doesn't Pay

As scandalous as the Wesll Fargo debacle was, what is far more insidious, is the damage it inflicts (once again) upon the very fabric of free market capitalism, trust in laws, and last but not least: trust and belief in actual contrition.

Why The EU Is Doomed

We are accustomed to looking at Europe’s woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis. We normally survive financial crises, thanks to the successful actions of central banks as lenders of last resort. However, the origins and construction of both the the euro and the EU itself could ensure the next financial crisis commences in the coming months, and will exceed the capabilities of the ECB to save the system.

Russia Cuts Interest Rates Whilst Maintaining Tough Monetary Policy

At a time when Russia has suffered a recession any other G20 Central Bank or government finding itself in such a position would surely focus on ending the recession, not on further reducing inflation from what is by Russian standards an already historically low level. Russia however is different.