Trump Unloads On Hillary Speech Attacking His "Dark" Vision For America...

Donald Trump unloaded on Hilary Clinton with a rapid-fire string of tweets moments after her Convention speech, which emphasized unity and optimism and attacked his dark vision for America.

The Fed Is Preparing For Negative Rates - Here's The Sign Everyone Missed

"I think it’s possible that the Fed will push rates below zero when the next recession arrives. In that regard, something important happened recently. And not many people noticed..."

Get Ready For America's New $29 Trillion Debt

Somewhere Nero is fiddling...

The New York Times Had Trouble Fact-Checking Hillary's Speech - Here's Why

While Hillary Clinton's acceptance speech emphasized "I sweat the details of policy," The New York Times is forced to admit as it began its fact-checking, she delivered a speech that was remarkably without hard facts...

Why Reuters Is Tweaking Its Presidential Poll

A 13-point lead for Hillary Clinton on July 14 has vanished in two weeks with Donald Trump now leading in the polls by 1 point. This is clearly unacceptable to the establishment and so Reuters/Ipsos is taking matters into its own hands... and 'tweaking' its polling methodology.

The Real Motive Behind Al-Nusra "Split" From Al Qaeda

The purpose behind this rebranding of al-Nusra Front seems to be to legitimize itself and make it easier for its patrons to send money and arms. The US blacklisted al-Nusra Front in December 2012 and pressurized Saudi Arabia and Turkey to ban it too. Though, al-Nusra Front’s name has been in the list of proscribed organizations of Saudi Arabia and Turkey since 2014, but it kept receiving money and arms from Saudi Arabia.

US Oil Rig Count Rises At Fastest Rate Since Jan 2010

With inventories once again on the rise, demand set to seasonally tumble, and production on the rise, the lagged response to the bounce in crude prices continues in the US oil rig count, rising 3 last week to 374. This is the 8th rig count rise in the last 9 weeks. The 58 rig rise (+18% off the lows) is the fastest since Jan 2010. Oil prices had melted up all day (despite record OPEC production) as the USD weakened, and extended gains despite the rig count rise.

Debbie Wasserman Schultz Reappears: "I Took One For The Team"

Our question - which team is that, Debbie?

Terrible News Is Great News - Traders Buy Everything After GDP Disappointment

Nothing else matters... "bad news is great news"

Peter Schiff Slams The Fed's 'Loud Talk, No Stick' Policy

Theodore Roosevelt’s famous mantra “speak softly and carry a big stick” suggested that the United States should seek to avoid creating controversies and expectations through loose or rash pronouncements, but be prepared to act decisively, with the most powerful weaponry, when the time came. More than a century later, the Federal Reserve has stood Teddy’s maxim on its head. As far as Janet Yellen and her colleagues at the Fed are concerned, the Fed should speak as loudly, frequently, and as circularly as possible to conceal that they are holding no stick whatsoever.

Oil Surges After OPEC Production Hits Record High: Here's Why

Despite the return of the record OPEC oil production, crude is now surging for one simple reason: oil is inversely correlated with the dollar. And thanks to today GDP shock, which showed that the US economy grew far slower than expected, the dollar has crashed. Confused? Don't be: "Dollar weakness follows disappointing U.S. GDP data, consumer confidence." As a result, ugly economic data has sent the dollar tumbling, oil soaring, and the S&P near all timehighs. Q.E.D.

Merkel Ignores Nation's "Anxiety & Fear"; No Change To Open-Door Migration Policy

Merkel refuses to admit that she is wrong and will not reverse her refugee policy despite all the problems, attacks, rapes, and terror. This is the precise reason why career politicians are no longer acceptable. They will never defend the people nor will they ever admit a mistake. She is making a decision for all of Europe and this amounts to a completely undemocratic position whereby no citizen of any other member States has any right to object or vote her out of office.

US Admits It "Found A Problem" In Calculation Of GDP

For years we have complained against both the BLS' and the BEA's comical seasonal adjustments, which "serve" just one purpose: to goalseek the data to a desired, politically-mandated outcome, and which culminated last May when the Department of Commerce announced it would seasonally adjust last year's woeful Q1 GDP data not once but twice in order to get a better result.  Now, it appears that there indeed was a problem.

"Hope"? Nope...!

Despite the protestations that everything will be awesome from Hillbama, the American people strongly disagree. The gap between tumbling 'expectations' (77.8) and 'current conditions' (109.0) is at its worst (least hopeful) since August 2006... shortly before overall confidence crashed in America.

Chicago PMI 'Steady' At 18-Month Highs Despite Drop In Production, New Orders

After its heroic "7 standard deviation beat" bounce in June, Chicago PMI dropped modestly in July from 56.8 to 55.8 (better than the expected 54.0). The stability in the headline print (at 18-month highs) amid tumbling GDP is odd given that production, new orders, and order backlogs all declined in July. Peculiarly, in the face of these declines, the employment subindex saw a strong gain!

Bill Gross Slams "Clueless Fed" Over 1.2% Growth In 12 Months

GDP Shocker: US Economy Grew Only 1.2% In Second Quarter; Q1 Revised To 0.8%

With Wall Street expecting the US economy to grow 2.6% in the second quarter, there were many shocked faces moments ago when the Census Bureau reported that not only did the US economy grow a paltry 1.2% in the quarter, but Q1 GDP was slased from an already poor 1.1% to just 0.8%.

America's Aging Baby Boomers, Forced To Work Until Death, Blamed For Collapsing US Productivity

Adding insult to injury, America's aging baby boomers, unable to retire from their menial jobs as a result of the Fed's destrucitve monetary policy which has guaranteed no income on savings, are now also being blamed by researchers for America's collapsing productivity.

The DNC Demontrates That Revolution Is Near

by Dave Hodges, The Common Sense Show:
I think it is time to suspend my website and stop broadcasting my radio show. It would appear that I have been overreacting to my perception of a failed economy, a weakened military, a failed foreign policy, high unemployment, skyrocketing levels of corruption, and extreme violoent crime in America’s 50 largest cities. The following excerpt of Obama’s DNC speech highlights why I am chastizing myself for being overly pessimistic.
“After the worst recession in 80 years, we’ve fought our way back. We’ve seen deficits come down, 401(k)s recover, an auto industry set new records, unemployment reach eight-year lows, and our businesses create 15 million new jobs.
After a century of trying, we declared that health care in America is not a privilege for a few, but a right for everybody. After decades of talk, we finally began to wean ourselves off foreign oil, and doubled our production of clean energy.”
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SWISS GOLD EXPORTS TO THE U.S. HAVE NEVER BEEN THIS HIGH

by Joshua Krause, The Daily Sheeple:
Make of this what you will, but apparently there has been a recent and drastic surge in gold imports to the United States. And strangely, it doesn’t seem to directly correlate with the gradual rise in the price of gold or the price of silver that we’ve been seeing over the past year.
Most notably, gold exports from Switzerland skyrocketed in the month of May. For almost every month of the prior year, gold shipments from Switzerland hovered between 0 and 1.3 metric tons. Then in April they suddenly bumped up to 1.78 metric tons. In May they jumped to an astonishing 20.7 metric tons.
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Brexit Post-Mortem

by Alasdair Macleod, GoldMoney:
It is a month after Britain’s surprise vote to leave the EU.
A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having fallen on their swords. The third man in the losing triumvirate, Mark Carney, is still in office. Having taken a political stance in the pre-referendum debate, there can be little doubt the post-referendum fall in sterling was considerably greater than if he had kept on the side-lines.
This article takes to task the Treasury’s estimates of the effect of Brexit on the British economy and Mr Carney’s role in the affair, then assesses the actual consequences.
The Treasury’s economic weapons of mass destruction
One of the Treasury’s models predicted Brexit would cost each household £4,300 every year. There were at least two things wrong with this prediction. Firstly, it was presented as if it was a loss of net income, in other words the business profit or wages the average household would lose. The estimate was nothing of the sort, it was the Treasury’s estimate of the loss of annual GDP divided by the number of households in the event of Brexit.
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New Science Confirms That Eating Curry (with Turmeric) Prevents Dementia

by Sarah Landers, Natural News:
As reported by The Telegraph, eating curry at least once a week may help you to prevent dementia, according to new research published in the Journal of Nutrition. The study by Australian scientists shows that a weekly hit of spicy food will keep your mind sharper for longer.
Turmeric has been identified as the most important and beneficial component, and is an ingredient used in almost every curry – from your mild and creamy kormas to extra hot and spicy vindaloos. Great news if you are a lover of spicy food – but what exactly is it about turmeric that helps prevent dementia?
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Andrew Hoffman – Audioblog #154 – The Fed Died Today

by Andrew Hoffman, Miles Franklin:
Miles Franklin is anything but an ordinary gold and silver coin company. Our approach provides a creative strategy for diversifying one’s assets with precious metals. This strategy has been yielding positive results for clients nationwide since 1989. Miles Franklin was founded by David and Andrew Schectman. Our vision was to offer a wide variety of bullion and numismatic products, extensive …

Doug Casey: With Some Luck, Trump Will Destroy the Republican Party

by Doug Casey, Casey Research:
Today, in part one of the interview, Doug tells Nick why he thinks Donald Trump will destroy the Republican Party…and why that’s a good thing. Tomorrow, Doug tells us what could happen if Hillary Clinton wins. As usual, Doug doesn’t hold back and ignores any notion of political correctness. Enjoy…
Nick Giambruno: There is a popular conception that only the “best and brightest” go into government. I think this is a sacred cow that needs to be slaughtered. What’s your take, Doug?
Doug Casey: It’s a real problem when a pernicious myth subverts reality. Everybody believes that the institution of government is like Camelot—a wise ruler assisted by noble paladins. Maybe that meme gained traction in recent times with John Kennedy and his good-looking wife, Jackie. They looked like an ideal couple. They weren’t. But they were a lot better than what followed for the next 50 years…
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