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SEC Hires JPM Banker As Its Most Important Markets Regulator; May Blow Up HFTs

SEC Hires JPM Banker As Its Most Important Markets Regulator; May Blow Up HFTs

Yes, it's another glaring case of "revolving door" cronyism between Wall Street and the SEC: on Wednesday, the Securities and Exchange Commission announced it had hired Brett Redfearn, a JPMorgan banker, to head the agency's Division of Trading and Markets, arguably the most important group within the SEC, one which oversees U.S. stock markets and brokerages. Redfearn, who is currently head of market structure at JPM, would fill a slot that has been vacant since January when the previous head of Trading & Markets, Stephen Luparello left the SEC...

Dow Futures Over 23,000: Dollar, Global Stocks Jump As China Congress Begins

Dow Futures Over 23,000: Dollar, Global Stocks Jump As China Congress Begins

World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China’s 19th Communist Party Congress opened while focus in Europe turned to speeches from top euro zone central bankers before next week’s key policy meeting, as well as Catalonia's ultimatum due on Thursday. S&P futures are solidly in the green as usual, with Dow futures jumping above 23,000, driven higher by IBM as investors looked for new reasons to extend gains after hitting new all-time highs Tuesday.

Washington: The Bleeder Of The 'Free World'?

Washington: The Bleeder Of The 'Free World'?

Authored by Finian Cunningham via The Strategic Culture Foundation,

Among the many self-flattering epithets it gives itself, the US has always claimed to be the “leader of the free world”. It’s a rather patronizing notion that America views itself as a selfless protector and benefactor of its European allies and others. This fairytale depiction of the world is coming to a rude awakening as American power buffets against the reality of a multi-polar world.

If North Korea Can Kill 90% Of Americans In A Year, Why Did DoD Just Defund The Congressional EMP Commission?

If North Korea Can Kill 90% Of Americans In A Year, Why Did DoD Just Defund The Congressional EMP Commission?

Authored by Daisy Luther via The Organic Prepper blog,

At a House hearing yesterday, experts warned members of Congress that a North Korean EMP attack could kill 90% of Americans within one year, calling it an “existential threat.”

But despite this looming crisis, the Department of Defense has decided now was the time to defund the Congressional committee that has been studying the threat since 2001.

This Is How Tyranny Rises And Freedom Falls: The Experiment In Freedom Is Failing

This Is How Tyranny Rises And Freedom Falls: The Experiment In Freedom Is Failing

Authored by John Whitehead via The Rutherford Institute,

It is easy to be distracted right now by the circus politics that have dominated the news headlines for the past year, but don’t be distracted.

Don’t be fooled, not even a little.

We’re being subjected to the oldest con game in the books, the magician’s sleight of hand that keeps you focused on the shell game in front of you while your wallet is being picked clean by ruffians in your midst.

This is how tyranny rises and freedom falls.

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