Falcon

The Center Cannot Hold – Decentralize Or Die (Part 1)

"Today’s release of Trump Jr.’s emails could very well represent a crucial turning point in American history. Not because I think they will lead to Trump’s impeachment, or because they represent some sort of treasonous offense, but because I think from this point forward an increasing number of us will come to the conclusion that America may no longer work as the largely centralized, semi-cohesive unit it has been for our entire lives."

Global Bond Rout Sends S&P Futures, European Stocks Sliding

S&P futures are sliding this morning, down 0.4% and tracking the accelerating decline in European and Asian stocks, driven by a move higher in global interest rates, which started with Japanese 10Y yields rising to 0.1% for the first time since February, but mostly Bund yields which spiked after tripping stops, and jumped as high as 0.53% for the first time since early 2016.

Angry Observer Asks "How Is Elon Musk Still Tesla's CEO?"

"Tesla’s quality has been poor, the UAW is circling, and Mr. Musk recently tweeted about mixing alcohol and Ambien (zolpidem) — a drug combination not only dangerous in its own right, but that increases the risk of long-term zolpidem addiction. How is this man still Tesla’s CEO?"

Bizarre Tanker Cooperation Prompts Questions If Qatar, Saudi Feud Is Staged

Either the blockade of Qatar by Saudi Arabia and its allies (recall the Saudi ultimatum expires on July 3) and the whole Qatar "crisis" is the most staged and produced diplomatic stunt since last summer's Turkish "coup", or for some unknown reason, the worse the diplomatic relations between Qatar and Saudi Arabia get, the more they cooperate in the only industry that matters for Saudi Arabia.

Of Queen & Country, God And Guns

"My American friends, you are surely aware that you don’t have to own a gun to fight like hell to retain your right to bear arms, as well as the freedom to play anything you damn well please on your karaoke machines. Preserve those rights, defend them, they are more precious than you know. Never sell them. Never soften."

Country With The World's Largest Oil Reserves Runs Out Of Gasoline

While fuel supplies in the country with the world's largest proven oil reserves had continued flowing despite monetary collapse and hyperinflation, a domestic oil industry in turmoil and a deepening economic collapse under President Nicolas Maduro, that changed last Wednesday when Venezuelans found themselves waiting in lines for gasoline.

The Sure Thing

The Patriots improbable victory follows a variety of other unlikely, but surprising high-profile events in the past several months, some of which will have far greater impact on our lives than we may realize.

Do 1901 Expedition Logbooks Confirm There Is No Global Warming?

"...new analysis suggests that conditions are now virtually identical to when the Terra Nova and Endurance sailed to the continent in the early 1900s, indicating that declines are part of a natural cycle and not the result of global warming."

Frontrunning: December 2

  • Futures fall ahead of jobs report (Reuters)
  • Obama to Block Second Chinese Deal on Security Concerns (BBG)
  • Trump Exults in Victory and Mocks Critics at Ohio Rally (BBG)
  • China's Central Bank Is Facing a Major New Headache (BBG)
  • Trump considering Goldman Sachs COO Cohn for energy secretary (Reuters)

'Real' Money & Why You Need It Now, Part 2

"It might work for a while. But the falcon of asset prices becomes deaf to the falconer of the real economy. Then, in a kind of financial never-never land, he gets lost completely and flies into a tree. Asset prices fall to the ground. Investors panic. Lenders call their loans. Art investors rush to auction off their tableaux. Lines form at ATMs."

Global Stocks Decline On Samsung Woes; Rising Dollar Pressures Oil

Global markets and US equity futures fell on Samsung Galaxy Note 7 contagion concern, while the dollar rose to its strongest level in 11 weeks and U.S. bonds declined as investors boosted wagers that the Federal Reserve will raise interest rates this year.