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Previewing Wednesday’s Fed Policy Decision: The Week’s Biggest Non-Event

While normally Wednesday’s Fed meeting would be the week’s biggest market-moving event, this time – smack in the middle of the busiest earnings week of the year – it may not even make the top three, buried ahead of the coming news of the next Fed Chair (in which Trump is set to unveil Jerome […]

Kentucky Teachers Blast Pension Reform Plan; Warn That 401(k) Plans Will “Dismantle Public Education”

Graves County Superintendent Kim Dublin in Kentucky is apparently concerned that forcing her teachers to accept the same retirement plans offered to almost every private sector employee in the country would literally “dismantle public education” as we know it. Speaking to a local NBC affiliate in Kentucky, Dublin told reporters that she relies on the […]

Russia Tried To Undermine Trump After The Election

Following today's Senate Judiciary panel hearings with social media executives, the establishment's 'Russians colluded with Trump' narrative is hanging but all but the thinnest of threads. Having shown that so-called 'Russian actors' "were trying to create discord between Americans," during the election – which politicians attempted to position as "directed against Clinton," top lawyers from […]

When Will The Tesla Stock-Promote Finally Fail???

Via AdventuresInCapitalism.com, The history of industry leading consumer tech products has not been kind to investors who overstay their welcome. You need look no further than all the hundreds of notable recent failures, to realize that these companies almost always flame out. The list below (in no particular order) is a nice trip down memory […]

NYC Terror Suspect Was “Very Friendly” Uber Driver, Friend Claims

It's been less than two hours since police identified the suspect in today's Halloween terror attack in NYC as 29-year-old Uzbek national Sayfullo Habibullaevic Saipov, and already the New York Post has published an interview with a friend of the suspected terrorist who reportedly expressed complete shock when told his friend had killed 8 people […]

Israel’s New “Soros Bill” Aims To Stop Funds From ‘Anti-Semitic’ Donors

Having made no friends this week with his McCarthyite 'blacklist' of potential Russia-sympathizers, and facing bans and probes throughout eastern Europe (for his 'Open Society' actions), bilionaire investor George Soros has a new enemy – Isarel! As Haaretz' Jonathan Lis reports, MK Miki Zohar (Likud) announced on Monday that he planned to submit a bill […]

A Few Simple Charts Spell Disaster For Public Pension Ponzi Schemes

Earlier today, Milliman released their 2017 Public Pension Funding Study which explores the funded status of the 100 largest U.S. public pension plans.  Not surprisingly, this study only served to confirm many of the rather alarming trends surrounding public pension ponzi’s that we discuss on a regular basis. Starting with a high-level status update, Milliman […]

As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery

Earlier, we reported on Under Armour’s epic stock collapse down over -75% from its September 2015 highs. This is one stock Central Bankers forgot to buy. Today’s stock crash -15% is being felt across Baltimore once again, city streets are eerily calm, as the latest round of millennials who ‘bought the dip’ called in sick […]

Venezuela’s Grim Reaper: A Current Inflation Measurement – Current Annual Rate 2875%

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worthless, and with its collapse, Venezuela is witnessing the world’s worst inflation.  As the bolivar […]

“It’s Not Sustainable” – Sacramento Lashes Out At Calpers After Raising Pension Payments

In the latest sign that America’s looming pension crisis is inching closer to an all-our collapse that will inevitably end in a series of bailouts – or worse, the failure to pay out retiree’s coveted benefits – a handful of California cities are lashing out at CALPers after being forced to hike pension contributions to […]

QE’s Untold Story: A Chart That Fed Correspondents Need To Investigate

Authord by Daniel Nevins via FFWiley.com, We’ve produced some research over the years that we’d love to see the powers-that-be react to, but none more so than our look at financial flows during the QE programs. By netting all lending by banks and brokers-dealers and then comparing it to the Fed’s lending, we stumbled upon […]

“You Get Nothing” – World’s Largest Insurer Warns US Stocks Offer “No Returns” For The Next Decade

There will be "almost no prospective returns" from U.S. stocks over the next decade because the market is fully valued following years of gains, according to the global strategist at Allianz Global Investors, which manages $569 billion. As Bloomberg reports, low interest rates and bond purchases by central banks have left cash and many other […]

WTI/RBOB Jump After Major Inventory Draws Across Entire Energy Complex

WTI posted a 5.2% gain in October, the first back-to-back monthly advance this year, and held up near the highs of the day into the API print. WTI/RBOB kneejerked higher as the data hit showing large inventory draws across everything…   API Crude -5.087mm (-1.3mm exp) Cushing -263k Gasoline -7.697mm (-1.55mm exp) Distillates -3.106mm Big […]

Is Hillary Clinton’s Halloween Costume Culturally Insensitive?

The lucky students at Texas A&M University got a costume-sensitivity-flowchart for Halloween this year from the GLBT Resource Center. We thought it might help you when you choose your out for for tonight. Wondering about your Halloween costume? Here are some things to keep in mind… But, we wonder if Hillary Clinton has checked the […]

Stocks Advance For 7th Straight Month As Yield Curve Crashes To 10 Year Lows

Well that was easy… When does this mouth snap shut?   Japan wins October… with only two down days all month (the first -0.4% and the 2nd last night -0.003%!)…NKY's best month since Oct 2015 S&P, Dow, and Nasdaq's best month since February, Trannies were the only major index red with Small Caps bouncing back […]