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NSA’s Ragtime surveillance program targets US citizens – documents

A newly discovered document has revealed seven hidden variants of the National Security Agency’s Ragtime program. Though Ragtime is intended for NSA’s foreign surveillance, one of the components apparently targets Americans. Read Full Article at RT.com x Can’t load widget var changellyModal = document.getElementById(‘changellyModal’); var changellyButton = document.getElementById(‘changellyButton’); var changellyCloseButton = document.getElementsByClassName(‘changellyModal-close’)[0]; changellyCloseButton.onclick = function() […]

November 29, 2017, Uncategorized
John McCain Holds The Keys To Tax Reform’s Fate

Anybody who was watching the July Senate floor vote on the Republicans' bill to repeal and replace Obamacare will remember the audible gasps that John McCain elicited when he surprised his own party by voting against the plan. And now just four months later, he's gearing up to do it again. According to the New […]

Police evict anti-fracking protesters from encampment in Olympia, Washington

Dozens of police, dressed in riot gear and backed up by armored vehicles and a bomb squad, broke up a protest encampment in downtown Olympia, Washington. Anti-fracking activists blocked the tracks for 12 days. Read Full Article at RT.com x Can’t load widget var changellyModal = document.getElementById(‘changellyModal’); var changellyButton = document.getElementById(‘changellyButton’); var changellyCloseButton = document.getElementsByClassName(‘changellyModal-close’)[0]; […]

November 29, 2017, Uncategorized
Wells Fargo May Be Hit With “Repeat Offender” Formal Enforcement Action

It's beginning to seem like every day there's a new scandal breaking out at Wellls Fargo. Earlier this week, the Wall Street Journal dished on Wells Fargo’s latest scandal when it reported that several regulators and even one US attorney were investigating the bank for gouging clients of its foreign-exchange trading desk. Among the many […]

Did Janet Yellen Just Recommend Buying Bitcoin

Janet Yellen’s last semi-annual testimony before Congress as Fed Chair has just concluded, and as usual it was filled long-winded platitudes, which were enough to make the blood of anyone actually listening to her slow-motion drawl, come to an instant boil. For one, Yellen hypocrisy hit bitcoinian levels when she had the temerity to say […]

WTI Tumbles Below $57 As OPEC-Hype Fades

Goldman's Damien Courvalin seems to have perfecvtly summed things up – the market was pricing in an OPEC production cut extension of 6-9 months (accounting for around a $2.50 premium in the price). Today's jawboning from Russia seems to signal April discussions (so a 6-month extension) which is a disappointment – and so WTI prices […]

The Problem Isn’t Robots, The Problem is Attitude

Via The Daily Bell Robots are taking our jobs. We all know that by now. And it sounds scary. But it really isn’t. It is understandably upsetting if you are one of the people who will be out of a job. There can be growing pains as the economy shifts. People who thought they were all […]

Is This Why Tech Stocks Are Tumbling?

Is this what happens when the bagholder-of-last-resort is removed from the market? As we detailed earlier in the year, institutions and hedge funds have been using this exuberant rally in stocks to dump their holdings to retail admirers. So what happens when arguably the largest retail brokerage – where all the "useful idiots" reside – […]

Momo Massacred, Semis Slaughtered After Topping 2000 Peak, Nasdaq ‘VIX’ Spikes

CNBC busily defending the utter bloodbath in semi stocks as nothing to worry about… but this is the biggest plunge for these market darlings since Brexit (June 2016)… …and just happens to have occurred as the index finally cleared the 2000 dotcom peak…   FANG Stocks are getting smashed – the biggest drop since Feb […]

Trump Jr. To Meet With House Intel Committee Next Week

In a hearing that we imagine will provide much of the leaked fodder for CNN and MSNBC news coverage over the coming week (certainly once leaked copies of the testimony are distributed to the NSA's favorite media outlets, WaPo and NYT), CNN reports that Donald Trump Jr. has agreed to testify before the House Intelligence […]

Katy Perry Asks Warren Buffett For His Thoughts On Cryptocurrency

Popstar Katy Perry set crypto twitter aflame Tuesday when she posted a picture of her and investing legend Warren Buffett with the caption: “nbd asking Warren Buffet [sic] his thoughts on cryptocurrency.”   nbd asking Warren Buffet his thoughts on cryptocurrency @ Berkshire Hathaway https://t.co/erKvhd6WRj — KATY PERRY (@katyperry) November 29, 2017   The post […]

Bitcoin Bounces But FANG Stocks Slammed Most In 6 Months

Update: Bitcoin is bouncing back from its battering but Nasdaq is not (for now)…   And FANG Stocks are suffering their biggest drop in almost 6 months…   All The FANG Stocks are systemically lower…   And Nasdaq is at the Low of the day as Trannies soar…   Quite a rotation on the week… […]

What is The Everything Bubble? And how can you prepare for it?

What do formerly successful hedge funds going out of business, wacky economic data points, and the election of populists like Donald Trump all have in common? All of them are the product of The Everything Bubble. In the aftermath of the 2008 Crisis, Central Banks attempted to corner the sovereign bond market via low interest […]

WTI/RBOB Spike On OPEC Headlines After Bearish Inventory/Production Data

Update: WTI/RBOB was fading after DOE data but then Kuwait dropped the following meaningless headline: OPEC JMMC RECOMMENDS EXTENSION, DIDN'T FINALIZE DURATION. And the algos took over… *  *  * Last night's API-reported surprise crude build sparked selling that not even Russia/Saudi jawboning could rescue, but DOE data showed the exact opposite with a big […]