Reality

"What If Market Consensus Is Wrong" - A Hedge Fund Ponders The Alternative

"What if consensus is wrong: what if rates are rising due to the end of Quantitative Easing and not because of reflation/escape velocity on growth? Rates then rise without growth, perhaps even without much inflation. Indeed, rates started rising back in August, on momentous shifts in policy by BoJ (forced by capacity constraints and collateral damage). Such scenario is not good for equities, contrary to what currently believed by markets."

"Obama Set Up The Next President For A Major Recession"... And A Giant Crash Is Coming

The past many months have carried a lot of noise about the coming crash, about a tipping point that may be fast approaching. The economics are simply giving way, and they can’t hold the illusion forever. Now that Donald Trump will be calling the shots, the money powers can usher in collapse if they wish, and have ready their scapegoat.

Welcome To The "Melt-Up"

As Wile E. Coyote always discovers as he careens off the edge of the cliff, “gravity is a bitch.”

When It Comes To Fake News, The U.S. Government Is The Biggest Culprit

There’s the garden variety fake news that is not really “news” so much as it is titillating, tabloid-worthy material peddled by anyone with a Twitter account, a Facebook page and an active imagination. Anyone with an ounce of sense and access to the Internet should be able to ferret out the truth and lies in these stories with some basic research. Then there’s the more devious kind of news stories circulated by one of the biggest propagators of fake news: the U.S. government.

Minimum Wage Protesters Call For "Day Of Disruption" In 340 US Cities

In what may be an early crisis test for the president-elect, on November 29, the nationwide campaign to increase the federal minimum wage in the United States has calling for a "Day of Disruption", namely strikes and civil disobedience, on November 29 in the latest push to raise the minimum wage in the US to $15.

As Maduro Seeks "Best Relations" With Trump, Meet Venezuela's Currency Crisis' Arch-Nemesis

The value of the Venezuelan Bolivar has crashed by 50% in the last two months, breaking above 2000/$ on the black market today for the first time ever. We know this thanks to Gustavo Díaz, a Home Depot employee in central Alabama, who runs one of Venezuela’s most popular and insurgent websites, DolarToday.com, which provides a benchmark exchange rate used by his compatriots to buy and sell black-market dollars.

Is Obama's World A Utopian Myth?

In 2008, Obama talked of Middle Pennsylvanians as poor losers clinging to their bibles, bigotries and guns as they passed from the scene. Yet, now, it’s looking like it may be Obama’s world headed for the proverbial ash heap of history.

The Age Of Disintegration: Political Disunity And Elites At War

The fading elite will render the nation ungovernable rather than concede its power, wealth and global influence. This is the inevitable result of profound political disunity, which arises when the ruling elite has lost the consent of the governed...