Time For Torches & Pitchforks: The Little Guy Is About To Get Monkey-Hammered Again
Submitted by Tyler Durden on 12/30/2015 - 22:15
The prospect that the leaders of our monetary politburo are about to be tarred and feathered by economic reality might be satisfying enough if it led to the repudiation of Keynesian central planning and a thorough housecleaning at the Fed. Unfortunately, it will also mean that tens of millions of retail investors and 401k holders will be taken to the slaughterhouse for the third time this century. And this time the Fed is out of dry powder, meaning retail investors will never recover as they did after 2002 and 2009.
The Minimum Wage Hike Hangover Arrives: Dining Out To Cost 10% More Starting January 1
Submitted by Tyler Durden on 12/30/2015 - 22:00
Crude Oil Prices Suffer Biggest 2-Year Bloodbath On Record
Submitted by Tyler Durden on 12/30/2015 - 21:50
With yet another false-dawn of crude prices blowing in the wind of cash-flow generation desperation, we thought it an appropriate time for a bigger picture glance at the state of the carnage in crude...
How Politics Brings Out the Worst In Us
Submitted by Tyler Durden on 12/30/2015 - 21:15
Politics - especially elections - creates a system that brings out the worst in people. It poisons relationships. It pulls us in as spectators who stand agog at a completely inauthentic show of national politics (over which we have virtually no power). We end up mostly ignoring the local issues over which we could have considerably more influence. As a consequence, an entire nation falls under a particular kind of spell.
The Rise Of The Temp Economy: More U.S. Employers Than Ever Want A "Disposable Workforce"
Submitted by Tyler Durden on 12/30/2015 - 20:05
In this day and age it seems like almost everything is disposable, and many employers have found that they can make a lot more money if they have a workforce that can be turned on and off like a faucet. In America today, there are more than 17 million “independent workers”, and they represent a bigger share of the workforce than ever before.
The Wheels Just Fell Off: US Trucking Has Not Been This Bad Since The Financial Crisis
Submitted by Tyler Durden on 12/30/2015 - 19:30
On the heels of a 59% plunge in new Class 8 orders, we get a fresh take on freight transportation from Morgan Stanley and as you might expect, the picture is most assuredly not pretty. The bank's TLFIs are bumping along at their lowest levels since the crisis for flatbed, hot van, and refrigerated, suggesting the malaise is widespread.
Stocks Flash Crash Into Close As Emerging Market, Commodity Carnage Spreads
Submitted by Tyler Durden on 12/30/2015 - 19:02
The Problem With Progressives: Everything Is Now A Taxpayer-Funded "Right"
Submitted by Tyler Durden on 12/30/2015 - 18:55
Progressives are often good people with good intentions. However, modern Progressivism has evolved into something so shapeless and amorphous as to amount to little more than a belief in “things that sound nice.” Simply out, everything is now a taxpayer-funded "right."
Another Regime Change "Success": Ukraine President Less Popular Than State Dept-Ousted Predecessor
Submitted by Tyler Durden on 12/30/2015 - 18:20
Americans Petition Obama To Declare Erdogan's Turkey State Sponsor Of Terror
Submitted by Tyler Durden on 12/30/2015 - 17:10
"Following Turkey’s downing of a Russian jet striking the Islamic State (IS), it is undeniable that Pres. Recep Tayyip Erdogan supports jihad terrorism in Syria. IS exports oil via Turkey and terrorists of IS, al-Qaeda, and other jihad groups transit the border."
The Fed Just Gave The Treasury A Record $19 Billion Holiday Bonus
Submitted by Tyler Durden on 12/30/2015 - 15:52
Wait, isn't direct funding of the Treasury against US policy: after all, hasn't Bernanke been on the record countless times repeating that the Fed does not monetize the US deficit? Not anymore...
Caught On Tape: Saudi Warplanes Vaporize Coca Cola Plant In Yemen
Submitted by Tyler Durden on 12/30/2015 - 15:40
The Oligarch Tax Bracket: How The Tax Rate For The Wealthiest 400 Americans Plunged From 27% To 17%
Submitted by Tyler Durden on 12/30/2015 - 15:20
Operating largely out of public view - in tax court, through arcane legislative provisions and in private negotiations with the Internal Revenue Service - the wealthy have used their influence to steadily whittle away at the government’s ability to tax them. The effect has been to create a kind of private tax system, catering to only several thousand Americans. This is precisely what Obama will be remembered for by history, bailing out and protecting the 0.01%, at the expense of everyone else.
This Is The Best Investment Of 2015... Just Don't Adjust For Hyperinflation
Submitted by Tyler Durden on 12/30/2015 - 15:00
It's that time of year again. When hindsight is 20/20 and coulda/woulda/shoulda gives way to reality. With the US equity market barely able to keep its head above green water, a look around the world shows investors could have done a lot better... (or not)
Terrorists Win? Brussels Mayor Cancels New Year's Eve Fireworks Over Threat
Submitted by Tyler Durden on 12/30/2015 - 14:24
Brussels Mayor Yvan Mayeur has decided to cancel the New Year's fireworks display, after receiving the advice of Belgium's coordinating unit for threat analysis.
