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Why Is Alphabet CEO Eric Schmidt Technically Serving In The Department Of Defense?

Authored by Eric Lieberman via The Daily Caller, Eric Schmidt, chief executive of Google parent company Alphabet, was appointed chairman of a Department of Defense program in 2016 that was established by former President Barack Obama’s administration. A staunch supporter of the Democratic Party and critic of President Donald Trump, Schmidt still continues to lead […]

Russia’s Military Is Leaner, But Meaner

Authore by Leonid Brershidky via Bloomberg.com, During Russian President Vladimir Putin's annual press conference on Thursday, a friendly journalist asked Putin whether the escalating tension in relations with the U.S. and the crumbling of arms control treaties would draw Russia into an unsustainable arms race. "We will ensure our security without engaging in an arms race," the president replied, […]

Man Who Delivered Gift-Wrapped Horseshit To Steven Mnuchin Compares Himself to Jesus

An LA County psychologist who thinks President Trump’s tax bill stinks to high heaven, compared himself to Jesus after admitting he delivered a gift-wrapped box of horseshit as a Christmas present to Treasury Secretary Steve Mnuchin. Robby Strong told AL.com he dropped off the box of horse manure at Mnuchin’s house as an “act of […]

Traub: “The US Has Reached The Last Stage Before Collapse”

Authored by James Traub via Foreign Policy, The United States of America Is Decadent and Depraved The problem isn’t Donald Trump – it’s the Donald Trump in all of us… In The History of the Decline and Fall of The Roman Empire, Edward Gibbon luridly evokes the Rome of 408 A.D., when the armies of […]

EURUSD Flash Crashes Amid Low Liquidity

'Twas the morning of Xmas and all through the markets, not a human creature was stirring…but it appears the machines took major advantage of the low liquidity… Around 730amET, it seems the algos went on a deep stop hunt, flash-crashing EURUSD by four big figures, taking out the November 7th low stops – all the […]

Un-Merry Christmas: The Perverse Incentives To Over-Consume And Over-Spend

Authored by Charles Hugh Smith via OfTwoMinds blog, Isn't it obvious that if we set out to design the most perverse, toxic and doomed system possible, we'd end up with the Keynesian Cargo Cult's insane permanent growth/Landfill Economy? Few topics are off-limits nowadays: the personal and private are now splashed everywhere for all to see. […]

As Good As It Gets?

Authored by Sven Henrich via NorthmanTrader.com, So they got their tax cut done. In the middle of the night again no less, despite the vast majority of the American people not wanting it. The reason may simply be that the American public is not believing the false narratives that are being sold to them. And […]

Chinese Stocks Spooked By Apple iPhone X Forecast Cut, Nikkei Boosted By BOJ Hopes

With most global markets closed for Christmas, the only overnight action was in Asia, which saw Chinese equities fall with tech stocks and names linked to Apple the worst performers after a report that Apple cut forecast iPhone X sales forecasts, while property firms surged on speculation of coming consolidation. As a result, after opening […]

Ben Garrison’s 12 Days Of Trumpmas

Authored by Ben Garrison via GrrrrGraphics.com, ‘Twas the night before Christmas, and in the White HouseTrump’s words were stirring; Obama felt like a mouse. A populist president with a broom that swept clean,Trump accomplished much in 2017. Yet out past the lawn there arose such a clatter,Pussy Hatters were yelling along with Black Lives Matter. […]

Riding The Blockchain Train: These Companies Changed Their Name, And Their Stock Price Soared

Many others had done it, but nobody quite as blatantly as beverage maker Long Island Iced Tea Corp, which on Thursday became the latest to jump on the cryptocurrency bandwagon, bizarrely but profitably changing its name to Long Blockchain Corp, which sent its shares soaring by 500%. In an ironic twist, we previewed LTEA’s hilarious […]

The Dollar’s Reign As The Global Reserve Currency Is Running Out – Fast

The dollar’s hegemony over the global financial system can’t last forever. Like all things, it will eventually come to an end. The only question left, as MacroVoices' Erik Townsend puts it, is whether we’re in the second inning and there’s going to be another hundred years of the dollar serving as the world’s global reserve […]

Mystery Buyer Of ‘Most Expensive Apartment In Asia’ Revealed

A month ago, we highlighted a disturbing new record in the Hong Kong real-estate market – a market that received a ranking of “high” from Algebris Investment’s Alberto Gallo in his annual ranking of the world’s biggest asset bubbles. According to a report in the South China Morning Post, the record price per square foot […]

Paul Craig Roberts Rages At America’s Collapsing Prestige

Authored by Paul Craig Roberts, The Nikki Haley moron appointed as US ambassador to the UN by Trump to destroy America’s reputation in the world… …is today sucking her thumb. All her threats to cut off US money to countries that voted against Trump’s illegal and unilateral action of establishing Jerusalem as Israel’s capital had […]

Uninvestable Tesla

Tesla is an uninvestable stock for me, not just because of its high valuation but also because it fails our fairly basic quality test, which I shamelessly borrowed from Warren Buffett: Would I still buy this stock if right after the purchase the stock market were to close for ten years? If you are a big Tesla […]

Yes, Virginia, There Is A “Santa Rally”

Authord by Lance Roberts via RealInvestmentAdvice.com, Yes, Virgina, There Is A Santa Claus Every year, at this time, I republish the story of 8-year Virginia O’Hanlon who asked the most important of questions. I encourage you to read it as it reminds us of the importance, meaning and the “Spirit” of the Christmas season.  *  […]