What The Charts Say: "US Stocks Are In Riskiest Position In Seven Years"
Submitted by Tyler Durden on 01/09/2016 - 17:15
"After suffering the worst start to a new year in history, the U.S. stock market has entered correction territory which is defined by a drop of 10% from its old high. The following "hateful eight" charts pretty much speak for themselves... This doesn't bode well for U.S. stocks which are now in the riskiest position since the bull market started seven years ago."
Newsflash From The December 'Jobs' Report - The US Economy Is Dead In The Water
Submitted by Tyler Durden on 01/09/2016 - 15:45
Here’s a newsflash that CNBC didn’t mention. According to the BLS, the US economy generated a miniscule 11,000 jobs in the month of December.
Angry Bond Insurers Sue Puerto Rico Over "Clawback" Boondoggle
Submitted by Tyler Durden on 01/09/2016 - 15:15
“The commonwealth has committed itself to a ‘scorched earth’ strategy of blaming its fiscal and structural problems on lenders, Congress and others, in an effort to deflect responsibility and obtain retroactive application of bankruptcy laws.”
The Bankers' India Gold Grab: An Update
Submitted by Tyler Durden on 01/09/2016 - 14:30
In the eyes of Western bankers, it was the perfect “scheme” – hence their label for the plan. In the eyes of any sane, rational, human being, it was/is the most naked, clumsy fraud that one could possibly imagine. But the corporate media assured us there was considerable enthusiasm amongst India’s population for this scam. However, in two weeks, out of a population of more than one billion people, holding an estimated 40 million pounds of gold, the Conspirators managed to steal less than 0.000002% of India’s privately held gold. So we’re now told that India’s government sees “temple gold” as its best/easiest target for stealing.
One Map That Explains The Dangerous Saudi-Iranian Conflict
Submitted by Tyler Durden on 01/09/2016 - 13:17
To the degree that the current crisis has anything to do with religion, it’s much less about whether Abu Bakr or Ali was Muhammad’s rightful successor and much more about who’s going to control something more concrete right now: oil.
North, South Korea "At The Brink Of War" As Loudspeaker Dispute Spirals Out Of Control (Again)
Submitted by Tyler Durden on 01/09/2016 - 12:15
South Korea - which Kim Jong-Un says is "jealous" of the North's "H-bomb" test - has resumed blaring anti-Pyongyang propaganda over loudspeakers installed on the two countries' border, a move the North says has once again brought the Korean Peninsula "to the brink of war."
Americans' Positive Perception Of NRA Soars As Obama Escalates Gun-Control Agenda
Submitted by Tyler Durden on 01/09/2016 - 11:30
Love guns or hate guns, one thing is becoming perfectly clear. The American public’s perception of guns and the NRA is moving in the exact opposite direction of Barack Obama’s message and agenda.
46 Months Of Accelerating Deflation Mean Beijing Is Now Trapped
Submitted by Tyler Durden on 01/09/2016 - 10:47
At this point, the longer China does nothing, the greater its problems will become. As such Beijing needs to choose: either collapse the economy in a deflationary wave, leading to a debt crisis and widespread social unrest, or devalue massively overnight in hopes of stimulating inflation, leading to collapsing profit margins, and even more widespread social unrest.In short, our condolences China: having decided to adopt Western neo-Keynesian economics, with the typical monetarist bent, you too are now trapped with no way out. But don't worry: so is everyone else. Good luck.
Americans Can't Wait To Get Out Of These Five States
Submitted by Tyler Durden on 01/08/2016 - 23:30
A low cost of living, no sales tax, and beautiful scenery (oh, naked bike rides, more strip clubs per capita than any other US city, and legalized weed) means Oregon is the "top moving destination" for Americans for the third year running, according to United Van Lines, with 69% of moves inbound. But, which states are Americans leaving in droves?
This Is The $3.5 Trillion "Neutron Bomb" That Keeps Kyle Bass Up At Night
Submitted by Tyler Durden on 01/08/2016 - 22:57
"... what we are going to see next is a credit cycle, and in a credit cycle you see some losses, but if China's banking system loses 10%, you are going to see them lose $3.5 trillion."
Doctors Urge California Residents "Leave Now...While You Can" As Gas Leak Fears Grow
Submitted by Tyler Durden on 01/08/2016 - 22:55
“This is the equivalent of the BP oil spill on land, in a populated community... If you have a chance to leave, if you’re able to leave... if you have a chance to relocate, do it now. I’m telling you, it’s really critical.”
Chinese Immigrant Turned Citizen Defies Obama Gun Grab: "I Will Never Be A Slave Again"
Submitted by Tyler Durden on 01/08/2016 - 22:00
"I am a Chinese immigrant and an American citizen by choice. I once was a slave before and I will never be one again. I will always stand with my AR, no matter what my President signs with his pen."
The Death Of The Canadian Oil Dream, A Firsthand Account
Submitted by Tyler Durden on 01/08/2016 - 21:30
"It’s no secret that Alberta’s economy is closely linked to the peaks and craters of oil prices—nominal GDP (not adjusted for inflation) swings in tandem with crude prices. It’s why Fort McMurray is like a wounded beast these days. MacKay’s neighbour got laid off this fall. “I watched the bank come and take his truck,” he recalls—it was that or not feed the kids."
Raoul Pal Explains What Indicators He Looks At To Decide If The Next Crisis Has Arrived
Submitted by Tyler Durden on 01/08/2016 - 21:01
Today, we bring our readers another RealVision excerpt of a reflexive "interview" in which Pal himself is in the hot seat, and goes into detail explaining the indicators he will be watching throughout 2016 that will suggest that a liquidity crisis is imminent.
"Death To Saudi Arabia": Thousands Of Iranians Pour Into The Streets In Anti-Saudi Protests
Submitted by Tyler Durden on 01/08/2016 - 20:30
