California Law Allowing Government To Seize Legal Guns Goes Into Effect January 1st
Submitted by Tyler Durden on 12/31/2015 - 14:30
Beginning January 1, gun regulations in California will give authorities the right to seize a person’s weapons for 21 days if a judge determines the potential for violence exists.
What could possibly go wrong?
Well-Paid Pandering Pundits And The Fantasy Of Reform
Submitted by Tyler Durden on 12/31/2015 - 14:10
Any serious reform has to start with the dissolution of the existing political parties and the Federal Reserve. Anything less is self-serving, pandering fantasy.
WTI Fades Fast After Rig Count Decline Continues
Submitted by Tyler Durden on 12/31/2015 - 13:15
After melting up to pre-API levels this morning, crude prices are falling back (and therefore so are stocks) as Baker Hughes reports another weekly decline in rig count. After surging by 17 three weeks ago, the 2 rig decline in oil rigs in America continues to track the lagged crude oil price.
Chinese Company Blames Upcoming Default On Gangsters, Mysterious Loss Of "Important Documents"
Submitted by Tyler Durden on 12/31/2015 - 12:34
The latest Chinese company to mysteriously "misplace" its books and as a result be unable to make an upcoming bond payment is China Shanshui Cement: "a former director of Shandong Shanshui, together with a group of gangsters, barged into the Headquarters by force on 27 December 2015, destroyed the properties in the offices therein and assaulted the employees of Shandong Shanshui."
Darkness Falls Upon Norway’s Key Figures Going Into 2016
Submitted by Tyler Durden on 12/31/2015 - 12:16
As we move into winter, darkness has fallen up on us. Oil, ca. 65% of the nation’s economy, will not see the required $70 barrel anytime soon. American innovation, once again, turns a scarce resource into an abundant commodity. Despite optimistic Norwegian media articles, the potential for $20 per barrel looms. Production overwhelms demand while inventories rise to record highs. Although, still considered the best place to live, the cracks, in the oil based economy, are forming.
Iran Defies Obama, Orders Expansion Of Missile Program
Submitted by Tyler Durden on 12/31/2015 - 11:56
Earlier today, we outlined Washington's plan to slap new sanctions on Iran in connection the October test-firing of Tehran's next generation, surface-to-surface ballistic-missile Emad. It didn't take long for Iran to hit back, with President Rouhani now reportedly ordering the Defense Ministry to "expedite" missile development.
VIX-Selling Scramble, Crude-Buying Panic Sends S&P Green For 2015 (For Now)
Submitted by Tyler Durden on 12/31/2015 - 11:46
USDJPY tried and failed... and so the machines shifted their momentum ignition efforts to crude - ramping WTI back up to post-API inventory build levels... If this fails to break the S&P above VWAP, VIX will be slammed...
Government Propagandist-In-Chief Condemns Political Incorrectness As "The Furthest Thing From Brave"
Submitted by Tyler Durden on 12/31/2015 - 11:42
Some have called Cass Sunstein "America's Goebbels" since he sugggested that the government "formally hire credible private parties to engage in counterspeech," and was engaged by President Obama as 'Information Tzar'. So today's op-ed from the government's propagandist-in-chief, condemning those who choose to push back against political correctness, should be read with a Bernaysian perspective as Sunstein attempts to delegitimize any and every effort to argue against the government's view of the world.
Is Trump Winning? - Don't Show Hillary (Or Bernie) This Chart
Submitted by Tyler Durden on 12/31/2015 - 11:35
As the fervor of the US Presidential campaign begins to heat up, it appears - despite all the hand-wringing and prosecution of the status quo - that the incumbents are losing... and losing large. According to Bloomberg's Consumer Comfort survey, Republicans are near the most confident relative to Democrats since Obama was re-elected.
Dollar Buying Frenzy As Europe Closes
Submitted by Tyler Durden on 12/31/2015 - 11:11
As Europe closes ahead of a long weekend of excess 'liquidity' and hangovers, it appears someone or something needs US Dollars badly... A sudden wave of selling across all the majors has spiked the dollar index.
The Islamization Of Britain? Sex Crimes, Jihadimania, & "Protection Tax"
Submitted by Tyler Durden on 12/31/2015 - 11:10
The Muslim population of Britain surpassed 3.5 million in 2015 to become around 5.5% of the overall population of 64 million. In real terms, Britain has the third-largest Muslim population in the European Union, after France, then Germany. Islam and Islam-related issues were omnipresent in Britain during 2015, and can be categorized into five broad themes: 1) Islamic extremism and the security implications of British jihadists in Syria and Iraq; 2) the continuing spread of Islamic Sharia law in Britain; 3) the sexual exploitation of British children by Muslim gangs; 4) Muslim integration into British society; and 5) the failures of British multiculturalism.
European Stocks Plunge To Worst December Since 2002
Submitted by Tyler Durden on 12/31/2015 - 10:50
Between Draghi's disappointment, Kuroda's un-dovishness, China's currency war, and flailing faith in The Fed (as policy errors loom), it appears European stocks were not the "no brainer" investment everyone promised them to be after all. December's 5% plunge was the worst for this time of year since 2002 (2nd worst on record).
Stock Erase All Post-Fed "Confidence-Inspiring" Gains
Submitted by Tyler Durden on 12/31/2015 - 10:41
This was not supposed to happen...
