Enough Already! It's Time To Send The Despicable House Of Saud To The Dustbin Of History
Submitted by Tyler Durden on 01/06/2016 - 21:15
For more than four decades Washington’s middle eastern policy has been dead wrong and increasingly counter-productive and destructive. Washington’s Mideast policy is predicated on the assumption that the answer to high oil prices and energy security is deployment of the Fifth Fleet to the Persian Gulf. And that an associated alliance with one of the most corrupt, despotic, avaricious and benighted tyrannies in the modern world is the lynch pin to regional stability and US national security. Nothing could be further from the truth. The House of Saud is a scourge on mankind that would have been eliminated decades ago, save for Imperial Washington’s deplorable coddling and massive transfer of arms and political support.
Options Traders See Yuan Collapse Continuing In "Dangerous Situation For Policy-Makers"
Submitted by Tyler Durden on 01/06/2016 - 20:40
Surely, The PBOC will step in at some point and save the collapsing currency? Nope - not if options traders (and Kyle Bass) are to be believed. The odds of the yuan breaking beyond 7 to the greenback by the end of March more than doubled to 12% (from 5.8% at the start of December). Ironically, Bloomberg reports only 1 of 39 analyst predicts Yuan to trade beyond 7 by the end of 2016. The market's extremely strong conviction, and apparent PBOC loss of control is "a dangerous situation for policy-makers" according to one Asian economist.
2016 Theme #3: The Rise Of Independent (Non-State) Crypto-Currencies
Submitted by Tyler Durden on 01/06/2016 - 20:05
The invention of the blockchain and crypto-currencies such as Bitcoin have opened the door to non-state, non-central-bank currencies - money that is global and independent of any state or central bank, or indeed, any bank. This doesn't just open the possibility of escaping the debt-serfdom of central and private banks - it opens the door to an entire global economy that's free of the inequality and concentration of wealth and power that is the only possible output of central bank created and distributed money.
Gallup Explains Trump: "A Staggering 75% Of Americans Believe In Widespread Government Corruption"
Submitted by Tyler Durden on 01/06/2016 - 19:32
What explains America's revulsion with the existing system? The answer comes from the latest Gallup article: "Explaining Trump: Widespread Government Corruption" in which it finds that once the silent majority of the population can identify the object of their distrust and anger - in this case Congress and the political status quo - and once they can subsequently identify an object that represents its opposite, the latter object's distance to the Oval Office becomes considerably shorter.
Macy's Massacre: Thousands Fired; Guidance Slashed (Again); Weather Blamed
Submitted by Tyler Durden on 01/06/2016 - 19:22
Two months after the first "Macy's Massacre", the massacre is back with a vengeance, and moments ago the iconic retailer not only reported yet another cut in its guidance, but also announced it would be laying off another boatload of retailers, demonstrating just how strong the "service" economy truly is.
Brazil's Olympic Stadium Goes Dark Over Unpaid $250,000 Electric Bill
Submitted by Tyler Durden on 01/06/2016 - 19:10
To be sure, there were already a number of concerns about the upcoming Olympic games in Rio. For instance, last summer we learned that thanks to a lack of sanitation infrastructure, Olympic athletes are almost certain to come into contact with disease-causing viruses in the water. In the latest embarrassment, power to the stadium that will host the Olympic track and field events was cut off after a dispute between the government and a soccer club ended in a $250,000 unpaid utility bill.
ISIS – The Case For Non-Intervention
Submitted by Tyler Durden on 01/06/2016 - 18:45
We don’t have a dog in this fight. San Bernardino doesn’t change the calculation. ISIS will eventually collapse under its own homicidal and parasitical weight, probably with the help of one or more of its neighbors, whose inactivity and divisiveness we currently underwrite. Then ISIS will be replaced by something better... or worse... it is impossible to know in this region. In the interim, we and our European friends should focus our efforts on isolating ourselves from the madness. And we certainly should not go out of our way to draw further fire.
Sell In 1973, And Go Away
Submitted by Tyler Durden on 01/06/2016 - 18:20
Returns from being long the commodity super-cycle have evaporated in the last 18 months... to 42 year lows...
Guns Don't Cause Suicide
Submitted by Tyler Durden on 01/06/2016 - 17:55
Homicide rates in the United States have been declining for 20 years as the number of privately-held guns in the US has increased substantially. In some states, such as New Hampshire and Oregon, which have very weak gun laws, homicide rates are remarkably low, and these states are among the safest places on earth. As homicide rates have declined, however, and gun-related homicides with them, gun-control advocates have attempted to create a new category of "gun violence" by blaming suicides on access to guns.
"We The People Are Pissed": New Poll Finds Whites And Republicans Are Angriest Americans
Submitted by Tyler Durden on 01/06/2016 - 17:30
"We the people are pissed. The body politic is burning up. And the anger that courses through our headlines and news feeds - about injustice and inequality, about marginalization and disenfranchisement, about what they are doing to us - shows no sign of abating,"
Spot The Most Manipulated Market In The World
Submitted by Tyler Durden on 01/06/2016 - 17:25
One of these bubbles is not like the others, one of these bubbles just doesn't belong... and yet still "officials" and talking-heads proclaim it cheap...
Read The Powerful Saudi Terrorism Article Censored By Al-Jazeera
Submitted by Tyler Durden on 01/06/2016 - 17:05
On December 3rd, a month before Saudi Arabia carried out it largest mass execution since 1980 - subsequently setting the region on fire - Arjun Sethi wrote an article for Al-Jazeera titled: Saudi Arabia Uses Terrorism As An Excuse for Human Rights Abuses. According to Cora Currier at the Intercept: Al Jazeera’s headquarters in Qatar appear to have blocked the article outside of the United States because it is critical of an ally of Qatar.
Stocks Plunge To 3-Month Lows Amid Crude Carnage, Chinese Currency Collapse
Submitted by Tyler Durden on 01/06/2016 - 17:04
Trader Psychology Is Reversing, Scotiabank Warns Market Is "Ripe For Volatility Spikes"
Submitted by Tyler Durden on 01/06/2016 - 16:40
Market psychology established in recent years is reversing. Market volatility is rising and will remain pervasive for a while as psychology, the change in direction of Fed policy, and the increases in general uncertainties, will all conspire to shape an environment ripe for sharp spikes in volatility which will be further amplified by rickety market liquidity.
Will Weak Closes Drag Markets Down?
Submitted by Tyler Durden on 01/06/2016 - 15:55
The concern, of course, is that these divergences are not resolved by strengthening stock market closes (a welcome sign of improved investor confidence) but, rather, by pullbacks in the indexes themselves– a decidedly less envied outcome.
