How Bad Leadership Destroys Institutions

I liked Peter Lawler’s direct, hard-hitting explanation of how Trump has taken over the GOP. He cannot stand Trump, considering him “not fit to be president,” and is beyond depressed at what he foresees will be “a Democratic rout” this fall. The last lines were especially on point:

I’m far less angry at Trump or Trump supporters than I am at those who created the vacuum he so readily filled. His was a hostile takeover of a decadent party. More power to him, as they say.

The Short Squeeze Is Over (For Now)

The Short Squeeze Is Over (For Now)

The "most shorted" stocks have fallen for 6 of the last 7 days, dropping almost 6% - the biggest in 3 months - as the S&P 500 fell just 1%.

 

Year-to-date, 'shorts' are outperforming with "most shorted" down 3.3% compared to the broad market's unchanged return.

 

As Credit Suisse noted, short squeeze pain appears to be abating... 3 data points suggest shorts are re-establishing themselves:

Tory MP Claims Cameron Delayed Iraq Probe To Avoid Embarrassing Blair

A leading Tory Brexit campaigner has claimed that the controversial Iraq war inquiry report has been delayed until after the EU referendum to avoid embarrassing pro EU Tony Blair David Davis, the former minister of State for Europe, has accused David Cameron of delaying the publication of Sir John Chilcot’s Iraq inquiry to save ‘In’ campaigner Blair’s reputation before the vote on June 23.

Trump Picks Chris Christie To Lead White House Transition Team

Trump Picks Chris Christie To Lead White House Transition Team

One week after Donald Trump made the surprising announcement that he hired former Goldman Sachs partner and Soros employee, Steve Mnuchin as his national finance chairman as he begins to roll out his presidential fundraising operation (Mnuchin has said he hopes to raise as much as $1 billion), Trump announced moments ago that he has picked Chris Christie to lead his transition team, which would prepare the political neophyte turned presumptive GOP nominee for the White House if he wins in the general election.

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