None

The problem for Clinton may be particularly damaging. Every email sent within the State Department’s own systems contains a classification; an employee technically cannot hit “send” without one being applied. Just because Clinton chose to use her own hardware does not relieve her or her staff of this requirement. Some may say even if Clinton committed security violations, there is no evidence the material got into the wrong hands – no blood, no foul. Legally that is irrelevant. Failing to safeguard information is the issue.

"We were convinced that a top has been formed over the course of the last several months and we were willing to be short but the Chinese devaluation has wrought havoc upon us, catching us and everyone else out. As we write, the September t-note future is trading 128 ¼ and that is ¼ point above our “close only” stop."

Hillary Clinton, bowing to pressure from GOP lawmakers, has turned over her private e-mail server to the FBI. Meanwhile, Democratic voters look to be turning on the former First Lady as a new poll has Bernie Sanders surging ahead in New Hampshire.

The WSJ reported that none other than the operator of the biggest dark pool in the US by volume, Credit Suisse and its massive Crossfinder dark pool, "is in talks with regulators to settle allegations of wrongdoing at its “dark pool” with a record fine in the high tens of millions of dollars, according to people familiar with the matter." What is grotesque about this story, is that back in December 2012, it was none other than Credit Suisse which conveniently explained and laid out all those forms of HFT manipulation which we accused virtually every HFT firm of employing since 2009... and which Credit Suisse itself is now accused of engaging in!

"These savings exceed the costs of the crisis - even if Greece were to default on its entire debt. [That is] even if Greece doesn't pay back a single cent, the public purse has benefited financially from the crisis."

In 2012 we asked whether the fact that stigmatized LIBOR traders were accepted with open arms at various hedge funds after being "fired" from the bulge bracket meant that there may, just may have been, some quid pro quo in the past. Now we know the answer.

When China's tinderbox economy implodes, who will be left to bid up the world's surplus commodities and real estate?

We are heading for a crisis that will be exponentially worse than 2008. The global Central Banks have literally bet the financial system that their theories will work.  They haven’t. 

It’s getting harder and harder for even the most vocal among Wall Street as they try to sing the “everything is awesome” song when the ground around them continues to be littered with an ever-increasing amount of sprawled out – motionless – canaries.

Goldman has truly outdone itself with this one: in addition to purchasing the former Danish PM, and by implication, the current PM and his former fin-min protege, and assuring the DONG scandal quietly goes away, Goldman just hired the former head of NATO: from 2009 to 2014 Anders Fogh Rasmussen served as  the 12th Secretary General of NATO.

Well, the San Francisco Bay Area startup-for-everything economy has now reached a new low..........

Four days after we showed a video in which Nation of Islam leader urged black Americans to "rise up and kill those who kill us", two days after we reported that "Black-White Race Relations Under Obama are the Worst In The 21st Century", shots were fired, according to Reuters, on Sunday during a march in Ferguson, Missouri to mark the one year anniversary of the death of Michael Brown. More troubling is that none other than the potential future president of the US was adding gasoline to the fire yesterday, when in an interview with Al Sharpton Hillary Clinton discussed "criminal justice reform" and said the following: "in convicting of crimes, in sentencing of crimes, you compare African-American men to white men: it is unfortunately clear as it could be that there is a bias in favor of white men."

The police and surveillance state predicted in the forward-looking 1940s classic “1984” by George Orwell, has slowly, but steadily, come to fruition. However, like a frog sitting idly in a pan of steadily-warming water, too many Americans still seem unaware that the slow boil of big government is killing their constitutional liberties. The latest sign of this stealth takeover of civil rights and freedom was epitomized in recent Senate testimony by FBI Director James Comey, who voiced his objections to civilian use of encryption to protect personal data – information the government has no automatic right to obtain.

After 30 years of torrid expansion, perhaps the single most consequential factor in China’s economy is how much of it is a “black box”: a system with visible inputs and outputs whose internal workings are opaque. China’s recorded history stretches back thousands of years, but in terms of applicable financial and economic parallels to the current economy, there is no precedent. China’s leadership is truly in uncharted waters. This in itself heightens the risk of miscalculation and basing policies on faulty premises.