Market Manipulation

WTF Chart Of The Day: Draghi's 'Markets' Have "Totally Gone Nuts"

If you want to earn a yield of about 2.4%, which instrument would you rather have in your portfolio, given that both produce about the same yield, and given that one has a significant chance of defaulting and getting you stuck with a big loss, while the other is considered the safest most boring financial investment out there?

How Dumb Is The Fed?

"Nothing comes from nothing. Fake money produces fake prosperity. Take away the fake money… and the fake prosperity goes “poof,” too. Which is why the Fed will never, voluntarily, stop manipulating prices. It can’t let the markets return to “normal” price discovery. Because the markets are likely to discover prices a lot lower than Dow 20,000."

Trump Jr. Lawyers Up As Potential Senate Intel Committee Hearing Looms

Well that escalated quickly.  After volunteering just over an hour ago to cooperate with the Senate Intelligence Committee, Donald Trump Jr. has apparently now joined with most of the other members of the Trump campaign in hiring his own attorney for the various "Russia probes" that are underway.

US Equities: Unwinding The Yellen Leveraged Buyout

"Corporate credit spreads are the key indicator to watch, both in terms of the economy and the financial markets.  It’s a game of financial musical chairs. Ray Dalio, Janet Yellen and all of us are dancing.  When does the music stop?"

"We Call Bullshit On The 'Bots Again!"

"We’ll admit maybe some bad trading on our part - leaving a stop hanging out there before a data release - but this is TOTAL BULL SHIT... Where in the hell is the CFTC and SEC?"