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New York's First Ebola Case? Doctor Treating Ebola Patients In Guinea Rushed To Bellevue Hosptial

Just when you thought it was safe to assume that Ebola-in-America was fixed (one day into Ron Klain's tenure as Ebola Czar), NYPost reports some rather disquieting news. A New York City doctor - who returned from treating Ebola patients in Guinea 10 days ago - has been rushed under police escort to Bellevue Hospital... He is being tested for Ebola. Market liquidity has dried up instantly!

Full Statement below



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New York Department Of Health Issues Statement On Suspected Ebola Case

Statement On Suspect Ebola Case From Dr. Howard Zucker, Acting Commissioner, New York State Department of Health



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Why Amazon Is Crashing: Jeff Bezos' Nightmare Quarters In Charts

The only six charts you need to know why the Amazon dream is over and why AMZN stock is currently crashing after hours to fresh 52 week lows.



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Ebola Fears Take Shine Off Panic-Buying Surge In Stocks

Buyback-manipulated earnings produced the low-volume opening face-ripper everyone wanted and stocks took off, recovering yesterday's late losses and not looking back.Trannies were the big winners, led by a resurgence in Airlines (as Ebola in US is fixed) and, despite drastically lower than average volume, stocks kept lifting after EU close on a bed of AUDJPY and USDJPY... until 1450ET (when NYC Ebola headlines hit). Airlines were hit hard, S&P futures dumped back to VWAP, VIX was whacked back above 17, and the exuberant day transformed into merely a great day for stocks. Weakness in Treasuries and the HY bond ETF (despite notable compression in HY spreads) had the smell of a lot of HY issuance being hedged and unhedged but TSYs ended the day up 6-7bps (off their highs post-NYC-Ebola headlines). The USD rose for the 3rd day in a row taking gold lower. Copper (China) and Oil (Saudi) rose on the day (oil unch on the week).



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The Biggest Threat To America

Maybe Frank Zappa was on to something?



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Chart Of The Day: "Cost Of Living" Edition

If you thought an Ivy League education was beyond your reach financially, try jail in New York City...



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40% Of Eurozone Banks Are In Bad Shape

130 banks are being tested. 12-18 will fail. And on top of that, almost a third of 130, that’s over 40, will pass while still getting their feet wet. That means anywhere between 40% and 44% of Eurozone banks either fail or are in bad shape.  If 40% of your banks are either dead in the water or barely floating, I’d say you have a major problem. We all know our world, be it politics or economics, consists almost exclusively of spin these days, but in the face of these numbers we very much wonder how many people will be willing to bet their own money that Europe can get away with another round of moonsmoke and roses come Monday.



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"Real" Stock Volatility In October Highest Since Lehman

While VIX pumped-and-dumped (in a manner never seen before in its history), 'real' volatility of the day to day moves across the major stock indices remains extremely elevated. For the Nasdaq and Dow Transports, the average true range over the last few weeks is the highest since the post-Lehman collapse...



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What's Avant-Garde Now? Social Innovation

What qualifies as true avant-garde? Degrowth qualifies - and very little else.



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The Market Says Markit Is Full Of It: Global PMIs Are Painting An Unrealistically Rosy Picture

Why would one even look at a self-reported survey as an indicator of coincident activity: after all isn't it beyond obvious that every response will be full of confirmation bias and colored by the respondent's inherent optimism about the present and the future? Apparently it isn't, and neither is it obvious that for all business participants, hope dies last, something which always influences their responses. The problem is that in a world in which central banks have made a mockery of all other coincident signals, one has to dig very low. "We've used this measure less over the last couple of years as central banks have increasingly distorted the relationship between fundamentals and  valuation" says Deutsche Bank's Jim Reid. And as Jim Reid shows in the table below, the various regional PMIs have so consistenly overshot in their expectations of where the manufacturing and service sector of a given country is throughout 2014, that not even the market believes, well, Markit.



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The Investing World In 10 Objects

What do an old German bank note, a current $100 bill, and an apple all have in common? The answer, according to ConvergEx's Nick Colas, is that these simple objects can tell us much about the current investment scene, ranging from Europe’s economic challenges to the U.S. Federal Reserve’s attempts to reduce unemployment. Colas takes an “object-ive” approach to analyzing the current investment landscape by describing 10 common items and how they shape our perceptions of reality. The other objects on our list: a hazmat suit, a house in Orlando, a barrel of oil, a Rolex watch, a butterfly, a heating radiator in Berlin, and a smartphone.



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Meet Janet Dupree:72, Alcoholic, HIV-Positive, $16,000 In Student Debt: "I Won't Live Long Enough To Pay It Off"

One would think that Janet Lee Dupree, 72, a self-professed HIV-infected alcoholic, would be slowly putting aside material worries as she prepares to set the intangibles in her life in order for one last time. One would be wrong.As she admits, "I am an alcoholic and I have HIV," she tells the BBC. "That's under control." What is the cause of most if not all consternation in the final days of Dupree's life? "I was sick and I didn't worry about paying back the debt." As a result, Dupree defaulted on her loan, and since she turned 65 she has had money withheld from her Social Security benefits. "Just recently I received a notification that they are going to garnish my wages because I am still working," says Dupree, who works 30 hours a week as a substance abuse counsellor. The debt in question: Dupree owes $16,000 in student loans she acquired in 1971 and 1972.

"I will never live long enough to pay off my loan."



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The Canadian Patriot Act Arrives: Ottawa To Give Security Agencies More "Detention And Surveillance" Powers

Stop us when the flashbacks to September 11, and its Patriot Act aftermath, become too close for comfort.



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George Soros Slams Putin, Warns Of "Existential Threat" From Russia, Demands $20 Billion From IMF In "Russia War Effort"

If even George Soros is getting concerned and writing Op-Eds, then Putin must be truly winning.



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