RIGGED ELECTION: RNC Has Spent Zero Dollars for Trump TV Ads

If there was ever any trepidation about how rigged this election is, look no further than the RNC’s clandestine support for the DNC candidate for President by withholding tens of millions of ad dollars in order to help elect Trump.

Back in 2008, everyone knew Obama was going to steamroll McCain and his idiot running mate, yet they spent upwards of $50m on tv ad spots. In 2012, the RNC dropped more than $40m for the Mormon.

This year, against a very beatable Clinton, they’ve spent zero.

Any questions?

Source: politico

“The Democrats have an unprecedented and lopsided advertising advantage in this race like we have never seen before, and it is having a serious and negative effect,” said Curt Anderson, a former RNC political director who is helping a pro-Trump super PAC, Rebuilding America Now.

In 2004, the committee spent $18.2 million on independent expenditures — or IEs, in campaign parlance — boosting George W. Bush’s reelection bid. In 2008, the RNC’s IE spending surged to $53.5 million in support of John McCain’s campaign against Barack Obama. And in 2012, the RNC spent $42.4 million on IEs boosting Mitt Romney or opposing President Obama — with nearly 80 percent of the spending occurring before mid-October.

Thank God for the establishment for keeping out the Hitler of our time. Who knows what he’d do if elected? Maybe he’d threaten a war with a major nuclear power over who gets to run pipelines through Syria?

As you were.

The SPY is down 0.24% over the past 5 days and flat over the past 3 months. There is a palpable apathy in the market now — something which could be seen by viewing the traffic stats for many of the top finance sites. Luckily for the good folks at iBC, we’ve joined the civil war in fomenting angst and outrage by actively discussing the elections — which has exempted us from stark traffic declines and instead given us bounty.

Consumer sentiment numbers plunged to 87.9 v expectations of 92. The reason? Elections.

It’s probably horseshit, but none of that really matters during a +150 day. Nonetheless, you shouldn’t enjoy shallow, meaningless victories with too much vigor — as the stock market gods frown upon the ignorant and the weak minded cocksure.

Goldman Sachs and the cabal of bankers are enjoying today’s run — thanks to an optimism over a widening yield curve, which will be realized after Fed rate hikes.

In other words, inspite of the fact that consumer sentiment has undergone a spirited decline, and general economic conditions continue to deteriorate on a global basis, seemingly stupid Fed policy threats are a boon for markets today.

It’s a glorious fall morning in the northeast corridor of the United States. Futures are indicating +80 and European markets are racing higher. The dollar is up again, emboldened by Fed’s Rosengren’s scandalous comments on CNBC this morning.

ROSENGREN: WE MAY HAVE TO RAISE RATES FASTER THAN MKT FORECASTS. or not at all

— zerohedge (@zerohedge) October 14, 2016

Separately, the trifecta of evil banks, C, JPM and WFC, all beat estimates — most likely due to the sale of human souls to the devil. As such, those shares are indicating higher in the pre-market.

JPMorgan Chase prelim Q3 $1.58 vs $1.39 Capital IQ Consensus Estimate; GAAP revs $24.7 bln vs $23.69 bln Capital IQ Consensus Estimate

Citigroup prelim Q3 $1.24 vs $1.16 Capital IQ Consensus Estimate; revs $17.8 bln vs $17.32 bln Capital IQ Consensus Estimate

Wells Fargo prelim Q3 $1.03 vs $1.01 Capital IQ Consensus Estimate; revs $22.3 bln vs $22.06 bln Capital IQ Consensus Estimate

Crazy indian chief, Senator Warren, penned a monotonous 12 page letter to the golfer in chief, asking him to fire the SEC head, Mary Jo White. In it, she blamed White for global warming and also fuckery on a largess scale.

“Chair White’s refusal to move forward on a political spending disclosure rule serves the narrow interests of powerful executives who would prefer to hide their expenditures of company money to advance their own personal ideologies.”

It’s utter nonsense, really. I am sure the President tore the letter up and spit on it as it made its way into the garbage.

Also, speaking of bankers, there is a report out today saying Deutsche Bank might shit can another 10,000 worker bees.

Rejoice.

I’ve discussed the Chinese debt problem for more than a year, if not more. The stimulus that China invoked in 2008, in an effort to fight against the American led deflationary vortex, has resulted in the greatest debt bubble the world has ever seen. China’s shadow banking system is somewhere between $2 to $4 trillion in size. Their non-performing loans are out of control. And their corporate debt leverage is outrageous — $18 trillion and growing — 70% of which are state owned companies.

Completely fucked.

Explain to me how this ends well?

You couldn’t count the headwinds with a thousand fingers. The biggest cheerleader of stocks the world has ever seen, the man who said Bear Stearns was perfectly fine — just prior to its total evisceration, appeared on Mad Money this evening — half the man he was last week, when he appeared with virility and vigor — optimistic for even moar gains.

Now he’s beginning to come down from his cocaine induced fog — realizing hard facts of a most deleterious nature are a bit too much for pedestrian market forces to handle.

We need the Fed to back away from rates hikes.

It begins.

James O’Keef was gestapo’d by the corporate establishment tyrannical Jack at Twitter — just hours before he promised to release a video of a Clinton staffer saying he could ‘grab ass’ and not get fired for it.

The people took to the interwaves and went fucking hogwild — sending out one acrimonious tweet after the next, a torrent of hate tweets to Jack never seen before in the entire history of Twitter. As such, the ghoulish animals at Twitter ceded to the will of the people and have summarily released this O’Keefe fellow from Twitter purgatory.

I'M BACK! pic.twitter.com/JtP0lf1vVQ

— James O'Keefe (@JamesOKeefeIII) October 13, 2016

Already preoccupied at his winter cottage in the Berkshires, Carter Braxton Worth, generously, hurried down to the CNBC studios in NYC — driving at a furious rate of speed to alert America of the perilous state of the S&P 500. Without having the succor of large multi-national monopolies to buoy markets, Carter believes we’d be lost in the dark, cold, unforgiving sea — without a paddle or a life vest.

None of this portends to a crash of any significant magnitude, but we’ve broken down, we’ve broken down, we’ve broken — the fuck — down.

Trump is certainly taking the gloves off here — in an acrimonious speech deriding the Clinton crime family and their designs on power and how the media, the state department and other are complicit in their fuckery.

The anti-globalist movement dies with the failure of the Trump candidacy.

The gains in the beloved tech sector are often talked about at cocked tail parties and other venues of extreme decorum. Men clad in bowed ties and shiny shoes brag to their catamites about gains in Microsoft and Apple.

But a look under the hood of the tech heavy Nasdaq tells a different story.

Year to date, the Nasdaq is higher by just 4%. When compared to bonds, utes, gold and REITs, the returns in the Nasdaq are a laughable fuckery.

We had a chance to perform a miracle today by reversing the losses — but we failed.

Nonetheless, at the first sign of an Exodus oversold signal, I’ll be getting long for an oversold bounce.

Good day.

I thought for sure we’d see centaurs directing trading by the end of the day — after plunging lower by 150. Lo and behold, oil reversed to the upside and stocks, slowly but surely, edged higher.

As I write this, the Nasdaq is still down by 15 — but it could’ve been a lot worse.

The market might’ve avoided a hairy conclusion today, but it’s certainly not out of the woods yet.

Today’s big standouts are lower yields for sovereign bonds and the resumption of the risk off trade.