America

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Donald Trump is causing quite the ruckus in American politics.

What started as a parody campaign has now, nine months later, mushroomed into a legitimate bid for the White House. That's upsetting to the political establishment on both sides of the aisle and now, both the media and America's entrenched political establishment are struggling to come to terms with the brazen billionaire's success.

With Donald Trump set for a yuuge victory in tomorrow's Super Tuesday slugfest - oddsmakers see 80% chance of Trump being the nominee - tensions are mounting dramatically within the Republican establishment.

Submitted by Howard Kunstler via Kunstler.com,

Hillary’s dumb riposte to Trump’s dumb slogan — make America great again! — was “…America never stopped being great.” I guess she’s been traveling around the strip-mall wastelands of Carolina failing to notice the carnage that lays upon this land like a mortal scrofula. America has been committing suicide by bad choices for decades.

Over the past two weeks, we’ve begun to document (see here and here) what may end up being a dramatic unwind in the CLO market.

Supply all but vanished in the wake of the crisis but staged a comeback starting in 2012 and by 2014, issuance was running at a $125 billion per year clip. As we noted last week, that’s roughly the equivalent of how much auto loan-backed paper came to market last year.