SPY

Here are some of the lessons we in the United States learned too late about allowing our freedoms to be eviscerated in exchange for the phantom promise of security. The over-arching principle is simply this: once you start down the road towards a police state, it will be very difficult to turn back.

The just concluded 13-F bonanza shows that "some of the world’s top hedge fund managers scaled back their U.S. stock investments last quarter as markets tumbled." Below, courtesy of Bloomberg, is the full summary of what the most prominent hedge fund names did in Q3...

It turns out that “terrorist” was originally a term used to describe the government officials who created and executed these oppressive tactics under the guise of keeping people safe from their enemies. Governments have a dangerous tendency to never let a serious crisis go to waste.

Perhaps those accusing Bridgewater of being the market-moving catalyst did have a point, because after posting a total AUM of $10.8 billion at June, this total declined by a whopping 31% to just $7.5 billion as of September 30.

"This court simply cannot, and will not, allow the government to trump the Constitution merely because it suits the exigencies of the moment,”

In what sounds like the plot of a McCarthy-era propaganda spy novel, the Socialists and Communists have overthrown the government in Portugal. That means it's time for the troika to start pushing back against the undesirables by threatening the country with financial ruin. Just call it "tough love." 

On the heels of Washington's move to send a guided missile destroyer to Subi Reef, Beijing has now moved its fighter jets closer to the Spratlys in what certainly looks like an effort to "deter" any further "meddling" by the US and its regional allies. 

In what amounts to a contravention of the recently inked nuclear deal, Iran has reportedly purchased passenger jets from the UK and is now using them to transport The Quds Force to the front lines in Syria. 

The “war on terror” was a hoax. Americans were deceived by policymakers, who are pursuing a hegemonic agenda. The American people were too trusting and too gullible and, consequently, Americans were easily betrayed by Washington and by the presstitute media. The populations of the eight countries and Washington’s vassals are stuck with the consequences of Washington’s evil, vicious, and illegal actions. And Americans are stuck with the police/spy state and militarized police who murder three Americans each day and brutalize countless others.

"He had become increasingly concerned with gas matters"...

iPhone maker Apple claimed last month that their latest iteration of the wildly popular handheld device was unhackable. But as we already know from recent hacks of Department of Defense computers, essential domestic grid infrastructure computers, and even NASA’s in-orbit spacecraft, in the digital age nothing is ever really secure. After offering a $1 million bounty, cyber security firm Zerodium confirms a hacker group has successfully compromised Apple's iOS 9. Here’s the kicker: the exploit is remote, so it can be launched on your phone without you even knowing about it.

For America to come home and untangle itself from the Imperial Project, it will have to do more than not meddle in everyone else's affairs; it will have to learn to live within its means--what it earns from producing goods and services, not what it skims from global financialization.

The bullish fund flows are back. This is how Bank of America summarizes the latest EPFR capital flow sentiment: "Loving Wall Street: $15bn equity inflows + $5bn HY/IG inflows + 6 straight weeks of commodity inflows = investors are "risk-on."

The “equal-weight” S&P 500 has dropped to near 3-year lows versus the cap-weighted version. Previous such events under similar conditions occurred at inauspicious times.