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Illinois Capital Flight Explained (In 4 Simple Charts)

IRS data show the average income of taxpayers leaving Illinois surpassed the average income of taxpayers entering the state by $20,000 in 2014, a record loss for Illinois in the wake of the 2011 income-tax hike.

How Trump Will Impact The European Union

Unsurprisingly, in Brussels people are not thrilled with Donald Trump’s election as new American President. EU Commission President Jean-Claude Juncker reacted by saying “We will need to teach the president-elect what Europe is and how it works”, but it seems more likely it is Europe that must learn about a number of new political realities. Here’s an overview of what it all means for the EU27...

This Is How Some Of The Anti-Trump Protesters Feel About The Rest Of America

They’ve been played. They’ve been manipulated. These people don’t think “Love Trumps Hate.” They’re filled with hate for a huge geographic percentage of the country. They look down on us with disdain from their lofty perches of  “social justice” and feel that we’re nothing more than little bugs, getting in the way of their grand vision for America. They sincerely seem to want a war. I don’t believe that they really understand what that means.

A Trump Doctrine - "America First"

The opportunity is at hand for Trump to reconfigure U.S. foreign policy to the world we now inhabit, and to the vital interests of the United States. The ideal time for such a declaration, a Trump Doctrine, is when the president-elect presents his secretaries of state and defense.

Stay Alert, America: The Worst Is Yet To Come

Each cut, each attempt to undermine our freedoms, each loss of some critical right - to think freely, to assemble, to speak without fear of being shamed or censored, to raise our children as we see fit, to eat what we want and love who we want, to live as we want - they add up to an immeasurable failure on the part of each and every one of us to stop the descent down that slippery slope. It’s taken us 200 short years to destroy the freedoms our founders worked so hard to secure, and it’s happened with barely a whimper of protest from “we the people.”

What Hedge Funds Bought And Sold In Q3: The Full 13-F Summary

Today was the deadline for hedge funds to submit their Q3 13-F filings, which considering they represent a snapshot in time as of Sept 30, prior to both the October volatility spike and the presidential election, are likely totally irrelevant by this time. Still, for those who religiously focus on hedge fund position changes, here is the list.

The Scenic Route To Hell

Regardless of who won the American presidential election, market collapses, debt defaults and an eventual currency collapse were baked in the cake. It’s safe to say that, should they occur in the next four years, as would seem likely, they would be blamed on the president, as they would happen on his watch. This being the case, in addition to the fact that conservative thinkers are aging and being replaced by collectivists, it’s very likely that the US is looking at its last Republican president.

Secede And Decentralize: An Open Letter To Clinton Supporters

Dear Clinton Voters, I know this election has been painful for you. Many feel betrayed and even believe yourselves no longer living in the country you thought you were. Reflect on that pain and frustration for a moment. Now recognize how you feel now is how an equally large, possibly larger, number felt for the past eight years. Those who are of a liberty bent feel it all the time, no matter who ends up in office. Reflect on it, feel it, understand it, own it.

Italian Bond Yields Explode To 18-Month Highs As Deutsche Sees 'Italeave' Odds At 60%

With TARGET2 imbalances at record highs, Italian bonds yields are exploding higher (despite Draghi's foot on the scales) following Trump's populist-encouraging victory just a few shorts weeks ahead of Italy's referendum vote. The probability of reform rejection (and implicitly 'Italeave') is now 60%, according to Deutsche Bank, with complexity due to the country’s growth-banks-politics nexus: disappointing growth, concerns about the banking system and the rise of populist and euro-sceptic parties.