Do 1901 Expedition Logbooks Confirm There Is No Global Warming?

"...new analysis suggests that conditions are now virtually identical to when the Terra Nova and Endurance sailed to the continent in the early 1900s, indicating that declines are part of a natural cycle and not the result of global warming."

Intriguing Predictions On Trump's Plan For Federal Reserve

Trump’s picks so far are already garnering a lot of attention, but his choices for appointments relating to the economy could cause the biggest stir of all. As Trump and his new appointments rise to power, the Federal Reserve could be targeted for overdue changes and reforms. Let’s take a look at how the Trump administration may change the Fed.

Multiple Jobholders Hit New All Time High As Part-Time Jobs Soar

A new warning has emerged when looking at the number of Multiple jobholders, or people who are forced to hold more than one job due to insufficient wages or for other reasons: when observed on an actual basis, the number of multiple jobholders just rose to 8.107 million, a new record high print for the 21st century.

VIX Flash-Crashes On Payrolls Print, Stocks Sink

Unraveling the payrolls data details was irrelevant for the algos, a plunge in the unemployment rate appears to have been the trigger for an instantaneous fat-finger VIX slam, which managed to spark a brief upward momentum in stocks, but that did not last...

Payrolls Rise 178K As Unemployment Rate Tumbles To 4.6% But Average Hourly Earnings Worst Since 2014

While the headline November payrolls print came in almost on top of expectations at 178K, vs consensus of 180K there were two big surprises in today's report, one being the unemployment rate which plunged from 4.9% to 4.6%, well below the 4.9% expected, but the biggest negative surprise was that the Average hourly earnings in November dropped by 0.1%, far below last month's 0.4% rise, and below the 0.2% expected

"A Watershed Month" - November Sees Greatest "Asset Rotation" Since 2013

The final November fund flow numbers are in, and as BofA's Michael Hartnett puts it, November was a "watershed month" for fund flows with the largest 5-week bond outflows in 3.5 years (Chart 1), largest 3-week precious metals outflows in 3.5 years (Chart 3) and largest 4-week equity inflows in 2 years.

Gross Echoes Gundlach, Says Trump Rally Is Misguided: "Move To Cash"

On the heels of Jeff Gundlach's "there's going to be a buyer's remorse period" warnings yesterday, the other 'bond king' has raised similar fears that the Trump rally is overdone (as are the prospects for growth behind it). Putting aside the book-talking as their bond portfolios suffer, Gross echoes Gundlach's "Trump's not the wizard of oz" comments, noting that the next president faces serious structural headwinds and warns investors "should move to cash," as any fiscal stimulus gains will be temporary at best.

Frontrunning: December 2

  • Futures fall ahead of jobs report (Reuters)
  • Obama to Block Second Chinese Deal on Security Concerns (BBG)
  • Trump Exults in Victory and Mocks Critics at Ohio Rally (BBG)
  • China's Central Bank Is Facing a Major New Headache (BBG)
  • Trump considering Goldman Sachs COO Cohn for energy secretary (Reuters)

"A Generation That Has Never Been Told 'No'" Daniel Hannan Destroys Anti-Trump Protestors' Safe Spaces

In just two short minutes MEP Daniel Hannan destroys the competitive virtue-signalling farce that is the Anti-Trump protestor, "this is the first generation that has been brought up not to tolerate opinions that they dislike... and they have been taught that the correct response to someone saying something you find 'hurtful' is to try and silence that person..." This is not about Trump, this is about a generation "that has never been told 'no' and can't handle disagreement."

The Battle For Aleppo Is Over, Now The Real War Has Begun

Aleppo is the key to the Syrian ‘civil war.’ Now that pro-Assad forces have won the day it touches off a number of responses around the region.  This further breaks down the position of U.S/NATO-backed forces trying to oust Syrian President Bashar al-Assad from power, regardless of what Turkish President Recep Tayyip Erdogan has to say about it.  All of this means that the likelihood of some ugly false flag incident rises by the hour.

How December 4th Could Trigger The "Most Violent Economic Shock In History"

Italians are angrier now than they’ve been since they hung Il Duce up by his heels in 1945. Italy has had no productive growth since 1999. Real GDP per person is smaller than it was at the turn of the century. That’s almost two decades of economic stagnation. By any measure, the Italian economy is in a deep depression. And things will probably get much worse. It’s no surprise Italians are in a revolutionary mood...

Germany Submits To Sharia Law

A German court has ruled that seven Islamists who formed a vigilante patrol to enforce Sharia law on the streets of Wuppertal did not break German law and were simply exercising their right to free speech. The "politically correct" decision, which may be appealed, effectively authorizes the Sharia Police to continue enforcing Islamic law in Wuppertal.