This Is What Happens When You Can No Longer Buy One Get Three Free

Shunned... In this 'free-stuff-army' world full of expectations of moar for less (or nothing), it should come as no surprise that the ultimate buy-one-get-a-unicorn-free clothes retailer - Men's Warehouse - just unleashed a 30% off sale on its stock. Due to a self-described "decline in traffic" as the firm transitioned away from the Buy-One-Get-Three-Free campaign, comparable store sales are expected to collapse 20-25%. This has smashed the stocks to its lowest since August 2012...

US Government Agency Concerned That Terrorists Might Use Kickstarter

They called it the Bank Secrecy Act (BSA). But it’s one of the most poorly named pieces of legislation in US history. They might as well have called it the “Bank Sell-Your-Customers-Out Act”, because that’s ultimately what it amounts to. The BSA is a cornerstone regulation that requires banks in the Land of the Free to be unpaid spies of the government. Now they’re expanding further into “rewards-based crowdfunding platforms”, sites like Kickstarter which help entrepreneurs find money to start a business.

Medicaid Chief Demands "Affordable Prices" From Major Drug Suppliers

In the next phase of the Obama administration's other war on drugs, The Centers for Medicare & Medicaid Services (CMS) has issued a letter to the CEOs of four large drug providers (AbbVie, Gilead, Johnson & Johnson, and Merck), warning that "manufacturers have a role to play in ensuring access and affordability to these medications," asking for "value-based purchasing arrangements." While there is no "or else" in the letter, the focus on 'significance to many', 'costs', and 'accessible' suggest an overhang of government intervention as new specialty drugs account for nearly a third of overall costs, but represent less than 1% of prescriptions.

How China Broke The World's "Bubble Machine"

China can’t allow its industrial economy to sink without a fight. It will have to devalue the renminbi to try to get more market share for its exports. It still has 80% of its workers earning less than $10 a day. A lower renminbi will reduce real wages further and make China’s exports cheaper than ever. And then, what about the rest of the world? As the renminbi goes down, the dollar, yen, and euro will have to go up. Commodities – priced in dollars – will stay down. U.S. corporate profits will fall. The stock market “tape” will go down. Consumer prices, too, will remain low... or go negative. Deflation. Deflation. Deflation.

JPM Head Quant Is Back: The Rally Drivers Are Gone With "Downside Risk" Ahead, But No Flash Crash Unless...

"Summarizing technical flows from option hedges, volatility targeting, CTA and Risk Parity funds, we believe that these strategies largely re-levered to pre August crash levels. This was a significant driver of the S&P 500 performance in October and hence poses some downside risk.... The risk of this increasingly one dimensional positioning across CTAs, Macro and some of Equity Long-Short managers is that these trends don’t materialize and trades become too crowded. The result could be a sharp reversion as positions are exited."

Breadth Breaking Bad - Where It All Went Wrong For The Fed

With the S&P 500 just over 1% from its all-time record-high, it is perhaps shocking that only just over 50% of the index members are trading above their 200-day moving average. Worse still,  the divergence between index price performance and underlying component performance has never been greater as The Fed's last money-printing effort drove a wedge between the have-nots and the have-yachts...

ObamaTrade Details Unveiled, Officials Warn "It's Worse Than We Thought"

"The Trans-Pacific Partnership means that America will write the rules for 21st century trade," according to President Obama, but as Reuters reports, U.S. unions, lawmakers and interest groups questioned the long-awaited text of a landmark U.S.-backed Pacific trade deal on Thursday. "It's worse than we thought,” Lori Wallach, director of Public Citizen’s Global Trade Watch, told members and U.S. labor representatives said the agreement contained weak, poorly worded or unenforceable provisions, concluding "we do not believe those improvements are significant or meaningful for workers." It appears, that ObamaTrade may be a boon for factory and export economies like Malaysia and Vietnam, but - as expected - will achieve little for the average joe in America.

Volatility Traders Aren't Buying The Rally

This is the fifth time in the past three years that the VIX rose 2% of more on a day the S&P 500 also rose, and short-term volatility expectations were at least 10% below longer-term volatility expectations. Those dates were: September 14, 2012, January 21, 2014, August 25, 2014, and May 18, 2015. Over the next month, the S&P 500 was not able to gain more than +1% at its best point, and suffered a loss averaging -3.2% at its worst point. Quite a negative reward-to-risk ratio.

Saudis Bring Oil War To Europe With Largest Price Discount Since 2009

With oil exports to Europe having slipped from 13% of Saudi's total to just 10% in the last six months, The FT reports, the de facto leader of OPEC has slashed its Official Selling Price (OSP) to Europe in an effort to regain market share. Saudi lowered its OSP for its Arab light crude grade in Europe by $1.30 a barrel for December, taking its discount to the weighted average of the North Sea Brent benchmark to $4.75 a barrel - the largest discount since February 2009... directly going after Russia's customer base.

Cop Arrested For Shooting Himself, Blaming It On Motorist

On the heels of yesterday's news that an Illinois cop staged his own suicide after being caught stealing money from a kid's fund, today's news is just pouring more fuel on the fire of public faith in America's police force. Late last month, an Arkansas police officer sparked a manhunt and investigation after claiming a motorist shot him during a traffic stop. In reality, the officer shot himself, and once authorities discovered this, he was subsequently fired and arrested for filing a false police report.

The Most Devious Liars In The Room

There were a few different stories coming out over the last few days that reveal the true nature of government and the apparatchiks who use disinformation, devious machinations, fraudulent accounting, and taxpayer money to cover up their criminality, lies, and the true state of the American economy. The use of government accounting tricks to obscure the truth about our dire financial straits is designed to keep the masses sedated and confused.

France Deploys Its Only Aircraft Carrier To Fight ISIS

Just as one US carrier was leaving the middle east, another widely feared and respected geopolitical superpower was set to replace US carrier presence in the Middle East in the ongoing war against "ISIS" - France.

Super Stock Surge Batters Bears To 8-Month Lows

AAII Bears have tumbled to their lowest level since February, crashing from cycle highs. All it took was a 5-week, short-squeezing, face-ripping 13% surge of the late-September lows.