United States

The Supreme Court Has Murdered The US Constitution

Guest Column by John Whitehead

The People vs. the Police State: The Struggle for Justice in the Supreme Court

By John W. Whitehead
February 16, 2016

“We are not to simply bandage the wounds of victims beneath the wheels of injustice, we are to drive a spoke into the wheel itself.” —- Dietrich Bonhoeffer

The untimely death of Supreme Court Justice Antonin Scalia has predictably created a political firestorm.

First it was over-invoicing 'exports' to friends in Hong Kong; then it was Bitcoin, most recently it was buying domain names, and now, the ever-industrious (and increasingly desperate) Chinese have found a new way to beat the government's quasi capital controls... by losing.

China Law Blog's Dan Harris explains how the Chinese are getting money out of China by losing in Arbitrations...

File this one under “just when I thought I had seen/heard everything.”

In recent weeks, status-quo maintainers have pointed to The Atlanta Fed's GDPNow forecast's resurgence as evidence that the market is just being irrational and that everything is awesome after all. Since we first brought the world's attention to this real-time forecast of US economic growth it has become closely-watched by all...

At 1600bps, the extra yield investors are demanding to take on US energy credit risk has never been higher. However, if a new report from Deloitte proves true, this is far from enough as they forecast roughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt.

Record high US Energy credit risk...

One day after markets saw a violent return of optimism, which sent stocks around the globe and US equity futures soaring (the US was closed for President's Day) driven by terrible Japanese and Chinese economic data which in turn hinted at more central bank easing, animal spirits have cooled off despite some truly unprecedented Chinese credit numbers.