Self-Flagellation Nation

How Wall Street Launders Dogsh*t Into Retirement Funds Submitted by QTR's Fringe Finance One of the more embarrassing habits of modern finance is its insistence on pretending the stock market has some integrity left. Capital, we used to think, flowed to the most productive businesses. Prices reflected fundamentals. Risk was priced. The market, in the long run, separated signal from noise and rewarded cash generation over fantasy. That is the civics-class version of markets, and at this point it bears no resemblance to the one we actually trade in. The market’s core failure...

A new poll from The Economist/YouGov found that a majority of registered US voters support impeaching US Secretary of War Pete Hegseth, after Rep. Thomas Massie (R-KY) of Kentucky introduced a resolution to remove him. The poll, conducted from September 18 to September 21, found that 51% of registered voters surveyed support impeaching Hegseth for […]

Copper Stocks Hammered As White House Tariff Doubts Rattle Metals Trade Copper future and related stocks plunged on Thursday morning after a Reuters report said that the White House's "copper tariff plan stalls amid affordability concerns."  The Trump administration has yet to decide whether to impose tariffs on refined copper, sending copper prices around the world to record highs this summer as physical copper flooded US warehouses.  The report from the outlet: The White House has not yet made a decision on refined copper tariffs as officials juggle concerns that higher prices for...