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Finance


1 hour ago (via zerohedge.com)
Al Gore, via a new report from his Energy Transitions Commission (ETC), would like for you to know that he has a plan to save all of mankind from inevitable extinction which will come by around the year 2030 unless we join his global warming crusade immediately.For those of you ignorant, science-hating, climate-doubters among our reader base who refuse to take Al Gore's word at face value, here is

1 hour ago (via zerohedge.com)
Authored by Robert Gore via Straight Line Logic blog,Collapse generally comes as a surprise, even to those who predict it.The USSR didn’t just fail one day, as does a person who dies of a sudden heart attack or stroke. It was more like a wasting illness brought on by an unhealthy lifestyle. A physician tells a morbidly obese patient: “Your daily consumption of twelve cocktails, three p

1 hour ago (via zerohedge.com)
According to South Korea's Yonhap news agency, the U.S. military has started moving equipments of the controversial THAAD anti-missile defense system into its planned deployment site in South Korea. The positioning began early Wednesday morning at the Sungju golf club in Sungju County of South Korea, where trailer trucks carrying parts of the Terminal High Altitude Area Defense (THAAD) system ente

1 hour ago (via zerohedge.com)
It appears the bears have almost fully "thrown in the towel" as short interest in the US equity market's most liquid ETF has tumbled to its lowest since May 2007.In fact, the last timeshorts were this dis-spirited was just as the S&P 500 began its rounded top and freefall from a previously "permanently high plateau."(we note that these numbers are for late-March and today we will see the mid-A

1 hour ago (via zerohedge.com)
Authored by Charles Hugh-Smith via OfTwoMinds blog,If you need some evidence that the echo-bubble in housing is global, take a look at this chart of Sweden's housing bubble. A funny thing often occurs after a mania-fueled asset bubble pops: an echo-bubble inflates a few years later, as monetary authorities and all the institutions that depend on rising asset valuations go all-in to reflate the

1 hour ago (via zerohedge.com)
To our complete 'shock,' a federal judge in San Francisco has just blocked Trump's Executive Order intended to withhold funding from communities that limit cooperation with U.S. immigration authorities.  The basis of the finding is that only Congress, not the president, has authority to attach new conditions to federal spending."The Constitution vests the spending powers in Congress, not the

1 hour ago (via zerohedge.com)
One day after Trump slammed Canada with a lumber tariff, somehow managing to send lumber future prices limit down on the CME, he is faced with another, far more credible crisis: the terrible guidance just released by US Steel in particular, and the fate of the US Steel industry - and China's adverse impact - in general.Here is the bloodbath just reported by US Steel:Loss per share $1.03Adj. loss/s

3 hours ago (via zerohedge.com)
After dropping to a $48 handle, WTI bounced off its 200DMA, but remains well down from last week's levels before the DOE-reported surprise gasoline build. The initial kneejerk reaction lower in WTI/RBOB after API reported an unexpected crude build and yuuge gasoline build. APICrude +897k (-1.75mm exp)Cushing -1.971mmGasoline +4.445mm (+500k exp)Distillates -36kFollowing last week's su

3 hours ago (via zerohedge.com)
While Trump tried to downplay concerns about a trade with with Canada, after his administration slapped tariffs on Canadian softwood lumber, he may have succeeded in fanning the flames when on Tuesday Trump told reporters that “No,” he does not fear a trade war with Canada adding "they have a tremendous surplus with the United States. Whenever they have a surplus, I have no fear."President Tru

3 hours ago (via zerohedge.com)
This... Stocks continue to soar...but once again it was the overnight gap open -  Trannies were red on the day but Nasdaq record highs above 6,000; Dow over 21,000, Small Caps record high Nasdaq broke above 6,000 to new record highs.. because fundamentals... Despite further collapse (to 10-week lows) in 'soft' survey data... Amid the biggest short-squeeze since the




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