A Bearish Positive Carry Trade?

The Eurostoxx outperformance of the past month has garnered a lot of attention, but there is another similar trade many investors are missing. Not only that, but it has a positive carry, something that is sorely lacking in this day and age of NIRP.

Outrage Ensues As Rambling Maxine Waters Has Her Mic Cut By Democratic Party

African American Caucus leaders are outraged today and wondering whether racism played a role in the attempted silencing of Maxine Waters as he microphone was cut at speech before the California Democratic Party African American Caucus.  But, after a series of seemingly nonsensical interviews over the past several months, like the time she blasted Putin for "continuing to advance into Korea", most people are wondering why anyone still cares what Maxine Waters has to say in the first place?

Trump Retains Marc Kasowitz As Private Attorney For Russia Probe

As reported earlier by Charles Gasparino of Fox News and subsequently confirmed by ABC, President Trump has reportedly retained Marc Kasowitz to assist with Special Counsel Mueller's probe of alleged collusion between the Trump campaign and Russian officials.

Illinois Democrats In Senate Pass 33% Hike Of Personal And Corporate Income Taxes

Senate Democrats in Illinois are pushing ahead with a new budget proposal that includes a massive personal and corporate income tax hike and an expansion of the state's sales tax, after saying they are no longer willing to wait for a broader deal with Republicans.  In all, the package is expected to cost Illinois taxpayers an incremental $5 billion.

Ron Paul Exposes The Presidential Budget Charade

Presidential budgets are pure hocus-pocus. The politically-connected get their share of the loot, and the mainstream media gets to scream and shout about "cuts" that aren't really cuts at all.

WTI/RBOB Pop-n-Drop After Mixed Inventory Data

More OPEC jawboning and continued (modest) draws in crude inventories beat production increases and SPR sales headlines heading into tonight's API data and with inventory drawdowns across the entire crude complex sending both WTI & RBOB prices jumped higher. However, prices quickly reversed lower as traders realized the Crude draw was smaller than expected...

Does The World End In Fire Or Ice?

Japan has managed to offset decades of deflationary dynamics, but at a cost that is hidden beneath the surface of apparent stability. Do we implode in a deflationary death spiral (ice) or in an inflationary death spiral (fire)?