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The Game (Theory) Of Trump - "Not Every Tweet Is A Constitutional Crisis"

"It’s the oldest saying in poker, and one I can’t repeat often enough. If you’ve been playing poker for 30 minutes and you don’t know who the sucker is … it’s you. We are - all of us, without exception - being played. That doesn’t mean we stop playing the game, whether it’s the game of markets or the game of citizenship. It means, though, that we resolve not to be the sucker."

"Traders Got It Wrong Before The Election, And Continue To Get It Wrong Today"

"Traders got it wrong before the election, and continue to get it wrong today.” The VIX touched 10.50. “You see the tweets, the media battle, illegal voters, conspiracy theories, Mexican feuds, European taunts, border walls, fake news, and lies,” said Roadrunner, looking left, right, up. “But be careful what you watch. There is only one thing that doesn’t lie, and that’s the price."

Fiat Money, Fiat News

Gresham’s Law: bad money drives good money out of circulation.

Hunt’s Law: fake news drives real news out of circulation.

Nassim Taleb Explains "How To Go Bankrupt & Be Loved By The Many"

"The detractors of Donald Trump failed to realize that, by advertising his episode of bankruptcy and his personal losses of close to a billion dollars, they removed the resentment one may have towards him. There is something respectable in losing a billion dollars, provided it is your own money... your 'skin in the game'."

Communism Again Gets A Free Pass - Setting The Record Straight On Castro

This week with the passing of Fidel Castro - another “distinguished” ‎butcher comrade with all the assorted hypocrisies - we were reminded of how that scourge of humanity got a free pass yet again. The world by and large missed a great opportunity to set the historical record straight.

"We're Players In Several Giant Games Of Chicken..."

"The half-life of whatever OPEC does or doesn’t do is measured in days... weeks at most... Dollar up is bad. Dollar down is good. I don’t know how to say it more plainly than that, and all the Belief in the world about tax reform and repealing Dodd-Frank and all that doesn’t change this reality... Maybe you see that and maybe you don’t. I can promise you, though, that China sees it."

Fed Holds, Says Case For December Hike "Strengthens"; No Mention Of Election; 2 Dissent

While the statement itself contained 7 fewer words than in September, there were virtually no changes. The most notable change in the wording was the remove of the phrase: "Inflation is expected to remain low for the near term"  and its replacement with "Inflation is expected to rise to 2 percent over the medium term."  The FOMC also said that "The Committee judges that the case for an increase in the federal funds rate has continued to strengthen" strongly hinting that a December hike is now almost inevitable absent a market crash.