Yuan Hits Cycle Lows As China Macro Data Disappoints Across The Board

After a  fifth straight month of contraction in the shadow banking system… …and the amid the ongoing collapse of its currency, a deluge of major Chinese macro data disappointed notably tonight. Retail Sales missed expectations – rising just 8.8% YoY (against +9.1% exp), slowing from…

Are Globalists Plotting a Counter-Revolution?

On meeting with the EU’s Jean-Claude Juncker last month, Donald Trump tweeted: “Both the U.S. and the E.U. drop all Tariffs, Barriers and Subsidies! That would finally be Free Market and Fair Trade.” VISIT THE SOURCE ARTICLE Are Globalists Plotting a Counter-Revolution?

Watch: Millennials Try To Explain The First Amendment

Authored by Cabot Phillips via Campus Reform, This month, a new study was released analyzing Americans’ perception of the First Amendment, as well as their knowledge of what it entails. As many would expect, the results were bleak.  For example, 40 percent of those surveyed…

Stocks Soar In July Despite FANGover, Crude Carnage, Yield Curve Collapse

This seemed to sum up the month rather well… July high- (and low-) lights China CHINEXT down for 4th straight month to lowest since Jan 2015 Shanghai Composite best month since Jan 2018 DAX best month since Sept 2017 Trannies best month since Nov 2016…

David Einhorn: “Our Results Have Been Far Worse Than We Could Have Imagined” – Full Q2 Letter

One month ago, in our ongoing chronicle of the pain suffered by David Einhorn’s Greenlight Capital, we reported that based on interim monthly numbers, the fund had lost a massive 8% in the month of June, bringing his – and his LPs’ – total loss…

Sisyphus, Sex, & Socialism: America’s ‘Demolition Derby’ Of A Nation

Authored by James Howard Kunstler via Kunstler.com, On The Beach Comes August now, the month of vacancy, idleness, the slap and hiss of waves on sand, furtive romance on the dunes, perhaps, sweet corn, country roads, and county fairs, and more furtive romance, perhaps, on…

Trump To Announce Multibillion Stimulus For Farmers

Earlier this month we reported that not everyone was happy with Trump’s trade war, and as a result of plunging commodity prices, especially soy, one group emerged as especially hard hit by the administration’s tariffs: farmers. Two weeks ago, we quoted Casey Guernsey, a spokesman…

Disaster For Theresa May: Brits Overwhelmingly Reject New Brexit Plan; Turn To Boris, Farage (And Bannon?)

It’s been a dreadful, torrid month for UK PM Theresa May whose cabinet has been on the rocks ever since her revised Brexit proposal was revealed, barely scraping by with just a 3 vote margin last week,  amid an exodus of key Brexit voices and…

Ignore Tariffs, According To Goldman This Is The Biggest Risk From A Global Trade War

One month ago, when previewing the potential fallout from an “all out” global trade war, which for simplicity’s sake many have equated with an across-the-board 10% tariff on all US imports and exports, we presented an analysis from Barclays, according to which the hit to…

Bernanke, Geithner & Paulson Warn: “We’ve Forgotten The Lessons Of The Financial Crisis”

Late last month, the Fed declared that six of the country’s biggest banks needed to scale back their plans for returning cash to shareholders to strengthen their capital buffers, a striking reminder that banks shouldn’t be overeager to put the legacy of the financial crisis…