Reality

Spygate: America's Political Police Vs. Donald J. Trump

The campaign to frame up and discredit Trump and his associates is characteristic of how a police state routinely operates. A national security apparatus that vacuums up all our communications and stores them for later retrieval has been utilized by political operatives to go after their enemies – and not even the President of the United States is immune.

Are We Witnessing The Weirdest Moment In Economic History?

"If you thought 2016 was weird, I suggest you get comfortable with the surreal because it is not going away anytime soon. 2017 is a veritable treasure trove of falling elevators... it seems to me that many of these events, stacked so closely together in the next few weeks, are not coincidental in their timing."

Mega-Bears Smell Blood As Mall REITs Tumble

"There has been a steady drumbeat of negative reports from anchor retailers in the mall. As a result, when we keep hearing bad news it adds to the impression that there is a problem in the malls.”

India: "No Toilets, But We'll Send Rockets Into Space"

"The worst losers were the poorest people of the country, who are lucky if they have a toilet. 50% of Indians still relieve themselves out in the open... These hungry people have indeed been asked to celebrate that India has recently sent more than 100 satellites into space in a single launch..."

Cudmore Calls It: "The Correction Has Started"

The last few days - since the post-Trump-speech spike - have seen stocks suffer the worst decline since the election (with The Dow down a 'shocking' 0.9%). But there are cracks appearing (VIX, Emerging Markets, Copper, 'hard' macro data, and now High Yield Credit are all breaking down)... And as Bloomberg's Mark Cudmore warns "excitement may ensue, the correction is here already."

Geithner's Right (For Once)

What Geithner is unwilling to say is what's obvious: now that policymakers have shot their wad and the room for maneuver is limited, there can't be a centralized, painless "fix" for the next inevitable financial crisis.

Only In Cali - Strip Poker Playing Ex-Mayor Stole Money From Kids Programs To Fund Filipino Fetish

Anthony Silva, the former Mayor of Stockton, California who we previously noted was arrested for playing strip poker with teenagers, is now facing a litany of new charges alleging that he stole hundreds of thousands of dollars from the Boys and Girls Club of Stockton to fund, among other things, trips to the Philippines and monthly payments to the dating site filipinocupid.com

Marc Hanson: "Everything Has Changed In Housing"

"Everything has changed. And the housing market will always and forever be drawn to fundamental, end-user, economics and demand, regardless of how diverged it gets during extraordinary economic, credit, or monetary policy cycles, such as Bubble 1.0 and now."

Ben Hunt's Mailbag - Life In Trumpland

"I wrote this note because I am so effin’ tired of being called a racist or a sexist because I don’t think that Donald Trump is evil incarnate... I think Trump is a narcissist and an ass, not a Fascist. Like most people in the financial services world, I deal with narcissists and asses every day … they’re not Hitler clones because the only thing they’re really true-believers about is their own self-aggrandizement."

Beware The Ides Of March

It is unfortunate that so many have forgotten what “investing” actually means. Given that investors have piled into the market since the beginning of the year, the question simply becomes who is doing the selling?