Joe Biden

Yellen's Last Hurrah: at this point, Janet "the antichrist" Yellen will have license to do Whatever The Hell She Wants to "fix" things. This will be her last free pass to do so.

"It’s my sense that this is happening, unless they change their minds"...

Chelsea Clinton is shocked that her mother's poll numbers are falling because after all, Hillary "is always game for singing 'The Wheels on the Bus' to baby Charlotte"...

The massively-funded Hillary Clinton campaign to run for President goes from worse to worserer. As The Hill reports, Clinton's support has fallen 21 points since July, from 63 to 42%, according to a Washington Post/ABC News poll released Monday, dropping below 50% for the first time.

Despite the liberal media spinning Hillary's non-apology as bringing her closer to the American public, it appears her presidential campaign took another shot to the chest this weekend. Not only does Bernie Sanders keep rising in the polls, Republican presidential front-runner Donald Trump leads Hillary Clinton head-to-head, garnering 45% support versus 40% of his Democratic rival, according to a new national poll.

Moments ago, US equity futures tumbled to their lowest level in the overnight session, down 22 points or 1.1% to 1924, following both Europe (Eurostoxx 600 -1.8%, giving up more than half of yesterday's gains, led by the banking sector) and Japan (Nikkei -2.2%), and pretty much across the board as DM bonds are bid, EM assets are all weaker, oil and commodities are lower in what is shaping up to be another EM driven "risk off" day. Only this time one can't blame the usual scapegoat China whose market is shut for the long weekend.

"This feels like 2008 all over again," as NPR reports the latest Iowa Poll showed Sanders just 7 points behind Hillary Clinton, who leads 37 to 30 percent among likely Democratic caucus-goers. Why 2008? As NPR notes, that's when a heavily favored Clinton stumbled and lost to Barack Obama, then a young senator whose middle name, Hussein, was the same as a dictator the U.S. had just overthrown and whose last name rhymed with America's Public Enemy No. 1. And while the socialist septuagenarian continues to surge, Hillary faces yet another 'issue', as Yahoo Tech reports, 1 million (or one third) of her 'apparent' Twitter followers are fake.

Last night we heard the best 'excuse' yet if you are caught with an Ashley Madison account, from Dan Loeb - "due diligence." Today, not to be outdone by a married hedge fund manager, Vice-President Joe Biden's son "Hunter" has unleashed his own set of excuses for member ship of the extramarital affairs website, as Breitbart reports  - Biden thinks international agents, possibly Russian, who objected to his board membership with a Ukrainian gas company set up a fake account to discredit him. However, IP mapping suggests otherwise...

It’s all emotional bullshit because what one hardly ever reads about from these Trumpeteer Marionettes is an actual discussion about Trump on the issues. It’s more important to squeeze out yet another orgasmic fountain of joy because he threw out some Univision reporter; “Oh, look! Isn’t zee Donald just Wunderbar!!” Screw that. So, let’s look at what The Donald believes... by his own words.

The More You Know Joe - the new Democratic Frontrunner - the Less You'll Like Him!

A stunning 78% of Democrats in New Hampshire view Bernie Sanders favorably in the latest polls. As The Hill reports, Hillary Clinton was viewed favorably by that percentage in April, but that has dropped 15 percentage points among Democrats. With Sanders topping Clinton by a 44 to 37 percent margin (VP Joe Biden garnered 9%), and Trump support among Republicans at 35%, it appears serial lying is not paying off for the Oligarchy (for now)...

At a certain point, we suppose Joe Biden took a look at the state of the 2016 race for The White House and thought: "why not me?"

• Deutsche Bank Says Rout ‘Very Serious’ as Growth Outlook Dims (BBG)
• Great fall of China sinks world stocks, dollar tumbles (Reuters)
• Global Stocks Fall Sharply Amid Concerns About the Chinese Economy (WSJ)
• Stock Rout Spreads Through Europe After China Plunge (BBG)
• China stocks give up year's gains as 'national team' stays on bench (Reuters)
• The Fed Is Looking at a Very Different Dollar Than Wall Street (BBG)
• French train gunman 'dumbfounded' by terrorist tag (Reuters)

We warned on Friday, after last week's China rout, that the market is getting ahead of itself with its expectation of a RRR-cut by China as large as 100 bps. "The risk is that there isn't one." We were spot on, because not only was there no RRR cut, but Chinese stocks plunged, with the composite tumbling as much a 9% at one point, the most since 1996 when it dropped 9.4% in a single session. The session, as profile overnight was brutal, with about 2000 stocks trading by the -10% limit down, and other markets not doing any better: CSI 300 -8.8%, ChiNext -8.1%, Shenzhen Composite -7.7%. This was the biggest Chinese rout since 2007.