Monday, July 25, 2016

Wasserman Schultz: "I Am Not Going To Gavel In The Convention"

And just like that, she's gone: “I have decided that in the interest of making sure that we can start the Democratic convention on a high note that I am not going to gavel in the convention,” Wasserman Schultz told The Sun Sentinel.

Snowden Explains How To Get To The Bottom Of "Who Hacked The Democrats"

"Even if the attackers try to obfuscate origin, #XKEYSCORE makes following exfiltrated data easy. I did this personally against Chinese ops. Evidence that could publicly attribute responsibility for the DNC hack certainly exists at #NSA, but DNI traditionally objects to sharing. The aversion to sharing NSA evidence is fear of revealing "sources and methods" of intel collection, but #XKEYSCORE is now publicly known."

Debbie Wasserman Schultz FULL SPEECH: BOOED OFF STAGE at DNC By Florida Delegation 7/25/16

from LesGrossman2015:

The Odious Versus The Tedious

For my money, the Ruskies should get the Nobel Peace Prize if they were behind the email release. What higher service to democracy than to expose the anti-democratic workings of the party that affects to call itself Democratic?

Why Democrats Plan To Make Sure Hillary Clinton Loses The Election

from WeAreChange:

Bernie Supporters Boo, Jeer After Call To Vote For Clinton-Kaine

Somewhere, Donald Trump is grinning...

Stocks Redline As Key Sentiment Metric Leaves "Complacency" And Enters "Mania" Phase

Perhaps for the S&P500 to finally crack we have to break beyond the mere "Mania" phase, which at this rate is no longer inconceivable, and boldly go where this particular index has never gone before.

The Real Reason The "Rich Get Richer"

The new money substitute, which we’ve lived with for 45 years, is a fraud. A dollar in 1971 is worth about 17 cents today. In other words, it has lost roughly 80% of its buying power. The phony dollar has misled an entire generation into spending money it didn’t really have... doubling or tripling its debt-to-earnings ratio, and shifting more and more of its real wealth to the least productive people – the Parasitocracy.

Subprime Snaps: Largest US Subprime Auto Lender Delays Earnings Due To "Accounting Matters"

"The Company is in discussions with its current and previous independent accountants regarding certain accounting matters, primarily related to the Company's discount accretion and credit loss allowance methodologies. The resolution of these matters may impact prior period financial statements."

Yen Tumbles On Spurious Nikkei Headline, Stocks Shrug

When you asbolutely, positively need to get stocks higher, unleash a spurious Nikkei headline (at 220am local time)... "Japan to Double Planned Spending in Stimulus Package: Nikkei" and sure enough USDJPY spikes back above 106.00... but S&P futures algos are ignoring it for now...

Foreign Central Banks Flee From Ugly, Tailing 2Y Treasury Auction, Lowest Bid To Cover Since 2008

We classified last month's 2Y auction as "lacklustre." This month, the best word to describe today's sale of $26 billion in 2Y paper is "dreadful."

Was Trump Right? Leaked DNC Email Shines Unexpected Light On Cruz's "Militant" Father

In yet another awkward moment for Democratic talking point providers and Trump-deniers, Wikileaks' leaked DNC emails turned up an interesting factual confirmation of Trump's 'conspiracy theory' questions about Ted Cruz's father's background... "I will note that Cruz's father was in fact a militant who fought the Batista regime (which Fidel Castro defeated) and it would not be unusual for him to be caught up in the ugly web of Cuban militants with questionable histories."

Is Being Unemployed Just "Bad Luck"? (Spoiler Alert: Don't Be Stupid!)

Washington Post writer Matt O’Brien proposes Getting Stuck Without a Job is Mostly a Matter of Bad Luck. That notion is ridiculous. While there may be instances of 'bad luck', in general, the employees with the weakest skills were the first to be let go and the last to be rehired.

FBI Launches Probe Of 'Putin/Trump' DNC Cyber-Attack

Following the release of greatly embarrassing emails that are forcing Hillary to lose control of the narrative, Politico reports, The Federal Bureau of Investigation has launched a probe into the hacking of the Democratic National Committee's emails. We are sure Director Comey will be closely watching and AG Lynch will once again take his word as gospel as somehow, we suspect, a narrative of Trump-Putin partnership will be created (or at the very least questions raised).

Dallas Fed Respondents Destroy Obama's "No-Doom-And-Gloom" Narrative

"Europe, hot weather, riots, shootings and the political situation are not conducive to a healthy economy... Entry-level candidates cannot read or follow instructions. Most cannot do simple math problems. What is wrong with the educational system?"

The US Is Creating a Crescent of Hate Around Russia

by Mikhail Onufrienko, Russia Insider:
If we mark the hottest points of the 21st century on the world map, they will take the shape of a crescent moon, enveloping the European Union and Russia with fire.
The ancients knew that “saying something occured after an event doesn’t mean it occured because of that event. And this was often true. But what if events which are not just similar, but form a common canvas, happening within the same four or five days in different countries?
On July 14, during the celebration of Bastille Day in Nice, a truck driven by a 31-year old citizen barreled into a crowd of people and left 84 dead and more than a hundred injured.
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