With A Straight Face, US Government "Finds" Number Of Retiring 20-24 Year-Olds Has Doubled
Submitted by Tyler Durden on 01/04/2016 - 20:26
For Americans between the ages of 20 and 24, the share of those sidelined over the past decade because they were in school increased, unsurprisingly, during the decade that included the Great Recession. What's more unusual is that the share of 20- to 24-year-olds who say they're retired doubled from 2004 to 2014.
"Refuse To Compromise", Ron Paul Implores "Purism Is Practical"
Submitted by Tyler Durden on 01/04/2016 - 19:45
The ever-growing number of Americans who are joining the liberty movement are not interested in “reforming” the welfare-warfare state. They also have no interest in “fixing" the Federal Reserve via “rules-based” monetary policy. Instead, this movement is dedicated to auditing, then ending, the Fed and stopping the government from trying to run the economy, run the world, and run our lives. If this movement refuses to compromise its principles, we may succeed in restoring a society of liberty, peace, and prosperity in our lifetimes.
Is 2016 The Year Of The Dollar Collapse?
Submitted by Tyler Durden on 01/04/2016 - 19:35
"In America, the idea is that if you work hard and play by the rules, you’ll be rewarded with a good life for yourself and a better chance for your children.” That’s what America used to stand for, and indeed much of the Western world. Freedom. Truth. Hard work and fair play. Building a better life. But those ideals have all but faded now, displaced by a new normal of war, debt, government surveillance, freedom-killing bureaucracy, and a monetary policy that decimates responsible, hard-working people for the benefit of a tiny elite.
Montel Williams Calls For "Shoot To Kill" In Oregon Showdown; Militiamen Respond They Are "Ready To Fight"
Submitted by Tyler Durden on 01/04/2016 - 19:23
Gold: The Unsurance Policy - Love It Or Loathe It
Submitted by Tyler Durden on 01/04/2016 - 19:20
Grant Williams, Of Things That May You Go Hhhmm, gave the following presentation at Mines & Money in London in early December laying out why he believes the gold price is languishing despite a wealth of what would ordinarily be positive catalysts. Currently, outside those who focus on precious metals, there is an enormous amount of apathy but, we suspect, that apathy will shortly turn to enthusiasm - an enthusiasm which will expose the rift between paper prices set in NY and the structural changes undergone in the physical markets over the last several years. Still, outside of today's small move, for now... Nobody Cares.
This Is A Very Troubling Chart
Submitted by Tyler Durden on 01/04/2016 - 18:54
The chart below, showing the total number of monthly FBI Firearm background checks - a direct proxy for gun purchases in the U.S., needs no commentary.
China Day 1: Monumental Destruction
Submitted by Tyler Durden on 01/04/2016 - 18:30
The main lessons from today is that market shocks can be quite quick, when they suddenly unravel. There is no need for markets to follow an observable pattern (therefore casting an omen just for you). Recall as well that this is just "day 1"! There are ~20 additional dramatic trading days ahead this month, where anything can precipitously take place.
Citigroup Says "It's Too Early To Panic"; Here's Why
Submitted by Tyler Durden on 01/04/2016 - 18:14
Panic. That is, according to some of the best strategists on Wall Street, the most concise summary of trader sentiment today following a near history rout in the market on the first day of trading of 2016. But don't worry: according to Citi's Brent Donnelly, "It is too early to panic." Here's why.
Jailhouse Diary Of A Libor Manipulation Scapegoat
Submitted by Tyler Durden on 01/04/2016 - 18:00
"It was over. The guard led me into a room daubed in graffiti, with the faint smell of cigarettes and urine. He allowed me to use the toilet, but it had no door – the days of privacy and dignity were over. A plastic toilet with no seat. I couldn’t really comprehend it."
US Government Discovers 10 Years Of "Processing Errors" In Construction Spending Data Slamming GDP
Submitted by Tyler Durden on 01/04/2016 - 17:42
Earlier today the US Census released its latest, November, construction spending data, which not only missed expectations of a 0.6% rebound, but tumbled -0.4%, the most since June of 2014, while all the recent data had been mysteriously revised lower. And then the source of the mystery was revealed, because in the fine print the government made a rare admission: all the construction spending data for the past 10 years had been "erroneous."
Late-Day Buying Panic Saves Stocks From Worst Start To January In 84 Years
Submitted by Tyler Durden on 01/04/2016 - 17:33
Are Governments Running Out of Candy?
Submitted by Tyler Durden on 01/04/2016 - 17:30
Much of the world is now running out of candy. The latest version of Bread and Circuses is reaching its inevitable end. Each of us has the opportunity to make a choice as to whether we wish to be Takers, Payers, or Preparers. The choice we make may define our future.
The Best Leading Indicator For Recession Is Flashing Red, JPMorgan Warns
Submitted by Tyler Durden on 01/04/2016 - 16:50
Away from the endless chattering of talking heads proclaiming that "they do not see any recession on the horizon" despite the manufacturing segment of the economy collapsing, JPMorgan notes that in fact the three best leading indicators for recession are: Credit spreads, yield curve shape, and profit margins. Unfortunately for The Fed and its congregation, JPM warns credit spreads are not giving a positive signal.
The Fed's New Mandate
Submitted by Tyler Durden on 01/04/2016 - 16:30
Because our macroeconomic policies have false targets and actually incentivize short term strategies the Fed has directly led us off of an economic cliff. Now that the Fed has boxed itself out of any further action, the market is at the peril of a collapsing, breadwinner-job-less and debt ridden economy and so prepare yourself for the largest market ‘correction’ the world has ever faced.
Visualizing Brazil's Economic Decline In One "Straight-Line" Chart
Submitted by Tyler Durden on 01/04/2016 - 15:53
From EM darling to depression, it's been a rough ride for the "B" in BRICS. As we kick off 2016, analysts are growing increasingly concerned that Brazil's economic downturn could well be deeper and longer than anyone expected. The market's collapsing expectations are summarized in one stunning chart.
