Jim Grant: "This Will Turn Out To Be Very Bad For Many People"

"The stock market is at record highs and the bond market is acting as if this were the Great Depression... the Fed is virtually a hostage of the financial markets. When they sputter, let alone fall, the Fed frets and steps in... the Fed is justified in that belief because it is responsible to a great degree for the elevation of financial asset values... and to me, gold is a very timely way to invest in monetary disorder."

From Soccer Stars To Bahrain Princes: New Emails Reveal Hillary Clinton Gave Special Access To Foundation Donors

The farce continues as detailed reckoning of Hillary Clinton's State Department emails reveal former Hillary Clinton’s top aide Huma Abedin provided influential Clinton Foundation donors special, expedited access to the secretary of state. In many instances, as Judicial Watch exposes, the preferential treatment provided to donors (from a British soccer player to the crown prince of Bahrain) was at the specific request of Clinton Foundation executive Douglas Band.

Jeff Gundlach Explains Why He Is Now "100% Net Short"

"I've been net short all year. The US stock market bid my macro fund and I'm doing great. I'm not having trouble at all making money on the short side. In fact, my longs are probably bringing the performance down. Because I'm net short 100%."

WhiteLivesMatter Protesters Gather At NAACP HQ

"We came here because the NAACP headquarters is here and that's one of the most racist groups in America..."

Our Society Is Sick, Our Economy Exploitive, & Our Politics Corrupt

Any society that tolerates this systemic exploitation and corruption as "business as usual" is not just sick - it's hopeless.

Former French President Sarkozy Announces He Will Run In 2017 Presidential Election

In what was likely the most anticipated "surprise" announcement in French politics, moments ago Former French President Nicolas Sarkozy announced he will run for next year's presidential election, with a statement on his facebook page.

BofA Looks At The "What If" Scenario For Bonds: Find A Surprising Result

One of the big fears among the bond market, where most participants now openly admit there is a "bubble in credit", is that an unwind in global bond yields would lead to substantial losses.  To test this assumption, Bank of America's Ralf Preusser looks at the "what if" scenario, namely what would happen to total returns should government yields fully reverse their 30 year historical evolution. What he finds is surprising.

Wrong Then, Even Wronger Now: Asininity On Raising Inflation Target To 4%

Yet another economic writer has caved into to illusion that central banks need to raise the inflation target to four percent.

"Evidence Points To Another Snowden At The NSA"

"Rather than the NSA hacking tools being snatched as a result of a sophisticated cyber operation by Russia or some other nation, it seems more likely that an employee stole them. If Snowden could not have stolen the hacking tools, there are indications that after he departed in May 2013, someone else did, possibly someone assigned to the agency’s highly sensitive Tailored Access Operations."

Texas Judge Blocks Obama Transgender Bathroom Policy: "It Threatens Students’ Safety And Privacy"

In a hit to Obama's appeal to the transgender community, a federal judge in Texas has temporarily blocked an Obama administration directive on bathroom rights for transgender students in U.S. public schools. U.S. District Judge Reed O'Connor in Fort Worth issued the preliminary injunction Sunday. Judge O'Connor in Fort Worth sided with Texas and 12 other states that argued the administration’s policy usurps local control and threatens students’ safety and privacy.

"Regretful" Trump Reaches Out To Latino Leaders: "No, I Am Not Flip-Flopping"

Donald Trump exclaimed "I'm not flip-flopping on immigration, we want to come up with a really fair but firm answer," this morning after meeting with his newly announced Hispanic advisory council this weekend in an effort to figure out a “humane and efficient” manner to deal with immigrants in the country illegally.

Jackson Hole Looms: The Main Events In The Coming Week

The key economic releases this week are new home sales on Tuesday and durable goods on Thursday. However, the main event in what is one of the slowest summer weeks, will be the Jackson Hole symposium starting this Friday, where focus will be on Yellen's speech who will be scrutinized to see if she can bring the Fed's message back on track after several conflicting statements by Fed speakers in recent weeks.

Merkel, Hollande And Renzi Meet To Discuss The "Relaunching Of Europe"

Italian Prime Minister Matteo Renzi hosts German Chancellor Angela Merkel and French President Francois Hollande on an island off the coast of Naples ahead of September's EU summit called to discuss reverberations from the Brexit vote. "They will be coming to discuss how to relaunch Europe from the bottom up, there's a big need," Renzi said on Sunday. "Relaunching Europe is a totally open game but it needs to be played."

A Displeased Colin Powell Accuses Hillary Of "Trying To Pin" Email Scandal On His Advice

In response to Friday's allegations that Clinton started using a personal email server following the advice of Colin Powell, the former Secretary of State said Hillary Clinton’s campaign has been trying to use him to help justify her use of a private email server while she was secretary of State, and accused her of "trying to pin" her violation of department rules on him.

Director Of Global Credit At Jeff Gundlach's DoubleLine Killed In Tragic Car Accident

In a tragic development over the weekend, Bonnie Baha, head of Global Developed Credit at DoubleLine Capital LP, died as a result of an automobile accident over the weekend. As Reuters first reported, Baha, 57, helped steer the Los Angeles-based DoubleLine Capital into one of the fastest growing asset management firms in the United States.

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