Everyone agrees – other than ISIS and a handful of crazies – that we have to stop the epidemic of mass shootings  (mass shootings have skyrocketed under Obama; 5 of the 12 deadliest mass shootings in history took place during Obama’s first term alone).

President Obama plans to introduce – through executive action – a gun ban on those on no-fly lists.   So does the governor of Connecticut.

Sound like a no-brainer … stopping terrorists from having guns?

One of Donald Trump's recurring refrains ever since the San Bernardino shooting, ostensibly the one which prompted him to declare he would bar Muslims from entering the country - an announcement which has unleashed an unprecedented media scandal - is that the "US is at war." Whether or not that is the case remains to be seen (we expect tens of thousands of US troops to be deployed soon, this time  without the protective cloak of CIA "covert ops") but what is certain is that Trump is merely proposing to do what Democrat Jimmy Carter did back on April 7, 1980, when he banned Iranians from the

Yesterday, in the aftermath of the shocking news that the Third Avenue Focused Credit Fund was liquidating and had gated investors due to its "illiquid" portfolio, we had one simple prediction:

If Trump is not what the Republican Party is about, then Republicans should be saying, publicly rather than in the backrooms of swank DC restaurants, that they do not want him as their party's nominee. And that, if Trump is nominated, they will not back him. Yes, Trump will threaten to run as an independent. But that threat has always existed, and it will always exist unless the party nominates Trump.

Four months ago, China decided to devalue the Yuan sending a shudder up and down collateral chains globally and forcing carry trade unwinds and derisking everywhere. Friday August 21st saw notable weakness as that weakness washed ashore in US equities.. and then Black Monday struck. The ensuing debacle stalled The Fed and shocked markets.

The last week, we have seen China devalue the Yuan very significantly, EM capital markets turmoiling, and today, that was ashore in US equities... what happens next?

Deja vu?