Cisco CEO Chuck Robbins: An Idiot Or A Liar, You Decide...

"...these are the type of moronic and asinine thought processes coming out of corporate America that are killing the American middle class... If Chuck truly believes what he says, well he is an idiot. If he has even a shred of economic acumen then he is a liar. I’ll leave it to you to decide."

This Is What Happens When A Buying Algo Gets Excited

At 13:21:15 this afternoon, as the Dow Transports was pushing towards its record highs (for the first time in 2 years), S&P futures and the SPY ETF suddenly exploded in volume and ramped higher. In those few seconds 2 million SPY shares went through (around $450 million) and 32,000 e-mini contracts (around $3.5 billion notional) screamed through the markets...

Italy Threatens ECB With Blackmail; Demands More Time For Monte Paschi Rescue

Rome is demanding the ECB give it more time to rescue the third largest Italian bank. That was to be expected, what is surprising, however, is that as the FT adds, Italy is "preparing to blame the bank for losses imposed on bondholders if Rome is forced into an urgent state bailout", a negotiating tactic some could call blackmail.

Trump Taps Oklahoma Attorney General Scott Pruitt As EPA Head

Trump picks conservative Oklahoma Attorney General Scott Pruitt to head up the EPA, a man who has “led the charge with repeated notices and subsequent lawsuits against the U.S. Environmental Protection Agency for their [sic] leadership’s activist agenda.”

France: Decomposing In Front Of Our Eyes

France will elect a new president in May 2017. Politicians are already campaigning and debating about deficits, welfare recipients, GDP growth, and so on, but they look like puppets disconnected from the real country. What is reality in France today? Violence. It is spreading. Not just terrorist attacks; pure gang violence. A climate of civil war, however, is spreading visibly in the police, schools, hospitals and politics.

What's Behind The Relentless Market Surge? RBC Explains

"We continue to see obvious re-risking in the form of “buy everything” price-action, as investors push further out onto the risk curve against a shift away from the 5+ year narrative of “secular stagnation” towards positioning that allows capture of “reflation animal spirits.”