The probability of The Donald becoming the Republican Presidential nominee has surged up to a record high 85% this week (as the odds of a brokered convention collapse) as a more mild-mannered and "can't we all get along" Trump begins to creep out of the shadows. As the inevitable event looms - no matter what the establishment tries - increasing numbers of #NeverTrump-ers are slowly but surely moving over to what they pictured before as the dark side. The latest, as The Hill reports, is none other than Marco Rubio who said "[Trump's] performance has improved significantly," urging GOP "let’s not ignore the will of the people or they’re going to be angry." Additionally, Rep. Jimmy Duncan (R-Tenn.) on Saturday endorsed Donald Trump for president, giving the GOP front-runner his 12th lawmaker endorsement.
So what is to be done, as Lenin once queried? In a word it is this. Fire the Fed. Attend to supply side policy. Let market capitalism do the rest. The cult of central banking is dead in the water.
"We said right from the beginning, right after the debate where he said, 'enough of your damn emails,' he also said, 'there's a process...it's going forward,'" Jane Sanders said Thursday on Fox Business. "It's an FBI investigation...we want to let it go through without politicizing it and then we'll find out what the situation is and that's how we still feel. I mean, it would be nice if the FBI moved it along," she said with a laugh.
Over the years, Zero Hedge has proven to be a magnet for media attention. Today, it is Bloomberg's turn.
"I have certain rules that I live by... My first rule - I don't believe anything the government tells me." - George Carlin
For the past twenty years, movements have arisen to challenge American imperialism. The Trump movement is different: it is massive, and it is capable of winning. That’s what has the Establishment in such a panic. If we step back from the daily news cycle, and consider the larger significance of the Trump phenomenon, the meaning of it all is unmistakable: we haven’t seen anything like this in American politics – not ever. Revolution is in the air. The oligarchy is tottering. The American people are waking up, and rising up – and those who try to ignore it or disdain it as mere “populism” will be left behind.
Just in case you were waiting for the "taken out of context" or "just kidding" excuse to come from the GOP establishment over John Boehner's earlier comments with regard to the 'luciferian, son of a bitch' Ted Cruz... none will be coming. Here is the full 97 seconds of truthiness from the mouth of the cryingest speaker America has ever known...
The system is now more leveraged, more in debt, and more fragile than it was in 2008.
So is there any chance at all that Trump will make America Great Again by erecting trade barriers, a Trump Wall on the Rio Grande and an end to America’s imperial beneficence and meddling abroad? Stayed tuned. There may be more to The Donald than meets the eye. And whatever it is, it certainly trumps Hillary’s deplorable purpose to make Imperial Washington an even greater menace both abroad and at home.
"The result of all of this was one of the most catastrophic periods of hedge fund performance that we can remember since the inception of this fund... There is no doubt that we are in the first innings of a washout in hedge funds and certain strategies."
Trading volumes in Chinese exchanges spiked exponentially, with SHFE rebar and DCE iron ore futures becoming the No.1 and No.3 most-traded contracts in the world, surpassing volumes of ICE Brent and NYMEX WTI contracts, which have been the most widely-traded and liquid contracts for three decades.
The big questions are: 1) Can an economy grow when its banks, energy companies and tech giants are all losing ground? 2) Can a hyper-leveraged global financial system survive if its main economies can’t grow? The answer to both questions is almost certainly “no.”
For all the pledges of eternal love, it’s an open secret in the Beltway that the House of Saud is the object of bipartisan contempt; and their purchased support, when push comes to shove, may reveal itself to be worthless. Now picture a geopolitical no exit with a self-cornered House of Saud having both superpowers, the US and Russia, as their enemies.
Following the biggest Apple debacle in years, here is the reason why the hedge fund community is about to see even more redemption requests and underperform the market even more: according to the latest GS hedge fund tracker, at least 163 hedge fund are long the name which has just lost over $40 billion in market cap in the after hours. The good news: it used to be over 200 as recently as a year ago.
According to the latest Institute of International Finance forecast, and in validation of Kyle Bass' strong conviction that China is about to suffer a major 15%+ devaluation, China's capital outflow headaches may be only just starting. According to the IIF's latest report released today, global investors are expected to pull $538 billion out of China's slowing economy in 2016, which means another $420 billion after the $118 billion that has already been withdrawn in Q1.