Meanwhile, Rioting Breaks Out In Sweden

Just a day after 'fake news' criticizes Trump’s comments on Sweden, a riot in so-called "Little Moghadishu" - the Swedish borough of Rinkeby - occurs. 100s of young people throw stones at police, set fire to eight cars forcing police to fire warning shots...

Alan Greenspan: Ron Paul Was Right About The Gold Standard

"When I was Chair of the Federal Reserve I used to testify before US Congressman Ron Paul... we had some interesting discussions... We would never have reached this position of extreme indebtedness were we on the gold standard, because the gold standard is a way of ensuring that fiscal policy never gets out of line."

How Many Euro Crises Will This Make? It's Getting Hard To Keep Track

Every few years, it seems, one or another mismanaged eurozone country falls into one or another kind of crisis. This leads to speculation about the end of the common currency, which in turn spooks the global financial markets. Then the ECB conjures another trillion euros out of thin air and calm returns for a while. At least, that’s how it’s gone in the past. The latest crisis has more than the usual number of flash-points and could, therefore, be something new and different.

Government Knows Best - Junk Food Ban Goes Global

One small problem has emerged as a Nanny State in the Pacific islands considers banning imported sugary foods to combat their obesity epidemic..."No country in the world has been able to demonstrate reductions in its obesity prevalence, so we’re not that different...It’s just that our levels are higher to start with.”

People Are Suddenly Worried About China (Again)

While Trump seemingly remains the only topic worthy of discussion blanketing the airwaves, as the following chart from Goldman demonstrates, it has been China where policy uncertainty has stealthily exploded in the past three months.

Exposing The 9 Fakest Fake-News Checkers

"Trust us," they say. "We’ll help you navigate Facebook and filter out the fake news stories,” they promise. But just who are these self-appointed gatekeepers who claim to be the ultimate arbiters of what is or is not “fake news”?

Trump Names Lt. Gen. HR McMaster As National Security Adviser

President Donald Trump has named Lieutenant General Herbert Raymond McMaster to be his new national security adviser, again turning to the U.S. military to play a central role on his foreign policy team. Trump also named Keith Kellogg, a retired U.S. Army General, as chief of staff to the National Security Council.

Fight Of The Century

Is it possible that the US is following a similar path to that of 1930s Germany?

Kim Jong Nam Assassination Caught On Tape

Chilling closed-circuit security footage has emerged of the killing of Kim Jong Nam last week, showing two attackers took less than three seconds to carry out the assault on the half-brother of North Korean dictator Kim Jong Un.

US Shale Production To Soar By 3.5 Million Barrels/Day Over Next Five Years: BofA Explains Why

Shale oil output in the US may grow significantly over the next five years due to increased activity in oil rigs and fast productivity gains, Bank of America predicts. The key reason: breakeven costs for key major US plays now stand around the $55/bbl mark. Assuming a gradual recovery in oil prices, annual US shale oil growth is expected to rise by 700 thousand b/d annually by 2022: a total increase of 3.5mmbpd.

Red Hysteria Engulfs Washington

It’s sickening watching the arrant hypocrisy and windbaggery in Washington over alleged Russian espionage and manipulation. The US has been buying and manipulating foreign governments since 1945. We even tapped German Chancellor Angela Merkel’s cell phone. This week Wikileaks issued an intercept on CIA spying and manipulation of France’s 2012 election. We live in a giant glass house.

Hedge Funds Have Never Been This Long Crude Oil

Despite record gluts in crude and gasoline amid resurgent US crude production, hedge funds boosted their net long position in WTI last week to a new record high.  For the first time ever, hedge funds hold more than a billion barrels of bets that crude oil prices will rally.