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Importantly, while the "bias" of the market is to the upside, primarily due to the psychological momentum that "stocks are the only game in town," the mounting risks are clearly evident. From economic to earnings-related weakness, the "bullish underpinnings" are slowly being chipped away.

With poll numbers plunging, it is hardly surprising that Chris Christie would come out swinging in the aftermath of the French attacks and while his comments this morning during a Fox News interview are rather astonishingly frank, they are not entirely without merit as the Obama administration appears to tumble from pillar to post with regard foreign policy and specifically ISIS. Remarking on John Kerry's comment that the terror attacks in Paris lacked the "rationale" of the assault earlier this year on the staff of 'Charlie Hebdo', Chistie exclaimed the Secretary of State should "get some sleep and shut up," adding that President Obama "was living in a fantasy land" and should focus on protecting the U.S., not helping Syrian refugees.

In the latest attempt by Washington to prove that the US isn't entirely useless in the fight against terrorism, The Pentagon cliams an MQ-9 reaper drone strike likely killed "Jihadi John," the Kuwaiti-born Brit who became the early face of ISIS after appearing in a series of beheading videos depicting the death of Westerners. 

People are going to be pissed off no matter who wins this election and that is a very important social dynamic that is vastly under appreciated by the majority of mainstream pundits and analysts out there. The truth is, the American public is tricked into thinking they disagree with each other on the big issues, when in reality there’s enormous overlap. Until we stop being tricked, the status quo will continue to suck the economy dry through their religious-like embrace of corruption and crony capitalism. Unfortunately, the people who could benefit the most from reading this post, will never see it.

Free speech is not something that people would normally see as a realm of economics, but in many ways, an economic understanding of the support and opposition to free speech can shed a lot of light on what’s happening now in the West.

While shootings in Manhattan used to be a relative rarity in the past couple of years, they have become increasingly more common. Case in point, earlier this morning when shortly before 6:15 am, a 43-year-old man was shot and killed and two others were wounded in a shooting inside a subway station at Eighth Avenue and 35th Street in Manhattan, by Pennsylvania Station.

The self-inflicted wounds of Hillary Rodham Clinton just keep manifesting themselves. She has two serious issues that have arisen in the past week; one is political and the other is legal. Both have deception at their root.

Shantytown, Stockton, California, USA

Trump embodies the American zeitgeist, circa 2015 – its virtues, its vulgarity, its inchoate mixture of common sense and incoherence. You may not like Donald Trump, for any one of a number of reasons, but anti-interventionists have to give him some credit for opening up the presidential debate to a critique of US foreign policy that hasn’t been seen or heard since the Ron Paul campaign.

Just days after talk of President Obama's gun control executive orders, and following a disappointing showing at the Democrat Debate, Hillary Clinton has jumped back on the populist bandwagon suggesting that, as Fox reports, it is "worth looking into" mandatory gun buy-back programs like ones in Australia.  "This validates what the NRA has said all along," said Chris Cox, executive director of The NRA, with Clinton's comments making “very clear” that the underlying goal of gun-control advocates is confiscation.

Now that it is election season, we have all sorts of politicians running around proclaiming that America is the greatest nation on the entire planet. And just this week, Warren Buffett stated that “America’s great now — it’s never been greater“. But is it actually true? Is the United States still a great nation?

Because the "train and euip" program was such a public embarrassment, the Pentagon had to come up with a new idea to assist Syria’s “freedom fighters” now that they are fleeing under bombardment by the Russian air force only to be cut down by Hezbollah. The newest plan: helicopter ammo. No, really. The US has now resorted to dropping "tons" of ammo into the middle of nowhere and hoping the “right” people find it.

As The GOP lurches from turmoil to chaos, following speaker-in-waiting McCarthy's pulling out, Fox News Bret Baier reports that Speaker John Boehner has agreed to stay on as Speaker - not just until the Caucus nominates someone - but, until that person can confirm 218 votes on the House floor (needed to take the Speaker’s gavel).