Wall Street Journal

The Untold Story Behind The "Mutiny At The State Department" Where Dozens Demand War With Syria

Confirming once again that the entire US Middle-East campaign over the past 4 years has been one ongoing plan to destabilize and eliminate Syria's president Bashar al-Assad from power, overnight the WSJ reported that dozens of State Department officials this week protested against U.S. policy in Syria, signing an internal document that calls for "targeted military strikes against the Damascus government and urging regime change as the only way to defeat Islamic State."

Is Islamic Terror America’s Future?

The crushing of the Islamic State in Iraq and Syria is a necessary but not a sufficient condition of victory in this war, for ISIS is not just an organization but a cause, a movement, an idea. ISIS believes that by repeatedly wounding and provoking the West, it can reignite a war of civilizations. For some few Muslims, as we saw at Fort Hood, San Bernardino and Orlando, ISIS offers a dream worth dying for. And as they kill and die for ISIS, they will push America where they are pushing Europe — to the right.

Will Brexit Give The US Negative Interest Rates?

One of the oddest things in this increasingly odd world is the spread of negative interest rates everywhere but in the US. One answer is that the Bank of Japan and the European Central Bank are buying up all the high-quality (and increasing amounts of low-quality) debt in their territories, thus forcing down rates, while the US Fed has stopped its own bond buying program. The other answer is that this is just one of those periodic anomalies that persist for a while and then get arbitraged away. And Brexit might be the catalyst for that phase change.

Tyranny Of The PhDs

Sad to say, you haven’t seen nothin’ yet. The world is drifting into financial entropy, and it is going to get steadily worse. That’s because the emerging stock market slump isn’t just another cyclical correction; it’s the opening phase of the end-game. That is, the end game of the PhD Tyranny.

"Summer Of Shocks" - 6 Scenarios That El-Erian Sees Slamming Stocks

Most agree that there is a limit to how far central banks can decouple asset prices from fundamentals. With an increasing number of billionaire investors from George Soros to Stan Druckenmiller calling for that reality gap to collapse (amid BofA's "summer of shocks"), it is the timing of that convergence that matters -- particularly when it comes to pinpointing events that could be catalysts for a correction....

What Could Possibly Go Wrong?

So we have a booming market in opaque, complicated financial instruments involving layers of risk, leverage and maturity mismatches.  We have unsophisticated investors and issuers, both seeking to avoid government regulations and expecting to be bailed out in the worst case. We have cross-holdings and backdoor exposures to regular credit channels.  We have all of this taking place in an environment of booming credit expansion, a deteriorating economy and financial repression. We hate to repeat ourselves, but really... WHAT COULD POSSIBLY GO WRONG?

It's Time To Blame Obamacare For Losing So Many Full-Time Jobs

Had a sinking feeling about the economy of late? It may not be your imagination. Economic indicators have flashed yellow for much of 2016, and the latest jobs report shows further depletion of the work force and a dearth of job creation. That trend, says one major bank, may be attributable to President Barack Obama’s signature legislation.

Paul Craig Roberts: "Fellow Americans, Wake Up & Escape The Matrix"

Fellow Americans, if you care to avoid vaporization and, assuming we do avoid it, live a life other than serfdom, you must wake up and realize that your most deadly enemy is Washington, not the hoax of “Russian aggression,” not the hoax of “Muslim terrorism,” not the hoax of “domestic extremism,” not the hoax of welfare bankrupting America, not the hoax of democracy voting away your wealth, which Wall Street and the corporations have already stolen and stuck in their pockets. If you cannot wake up and escape The Matrix, your doom will bring the doom of the planet.

Baby Bust: US Fertility Rate Unexpectedly Drops To Lowest On Record

Economists figured the recovery would bring about increased confidence and a rise in the birth rate. Instead, the rate dropped into a tie with the lowest birth rate on record. This is yet another surprise for economists to ponder. Time for Janet to start printing babies?

How California's Primary Was Rigged Against Independent Voters

Rigging a primary can and does take many different forms. The most effective form of rigging actually takes place in subtle ways via long-exisiting Stalinist rules that normally don’t swing an election, but serve as an effective firewall against outsider candidates when they eventually do pose a threat. That way the establishment can claim “it’s always been this way,” as if that’s a justification for shadiness. This was the type of rigging we saw in New York, and the type we saw yesterday in California.

The New "Hope"

What you think about the market doesn’t matter. What everyone thinks about the market (the consensus) doesn’t matter. What matters is what everyone thinks that everyone thinks about the market, and the way you get ahead of this game is to track the “Missionary statements” of politicians, pundits, and bankers made through the four media microphones where the Common Knowledge of markets is created: The Wall Street Journal, The Financial Times, Bloomberg, and CNBC. Today the investment hope that has crystalized into an investment theme is the notion that soon, just around the corner now, perhaps as a result of the next mystery-shrouded meeting of the world’s central bankers, perhaps as a result of the U.S. election this November, we will enjoy a coordinated global infrastructure spending boom.