Politicians, NATO Officials Furious As Spain Plans To Refuel Russian Battle Group

Spain is facing international criticism as it reportedly prepares to refuel a flotilla of Russian warships en route to bolstering the bombing campaign against the besieged Syrian city of Aleppo. El País reported that the Spanish ministry of foreign affairs was reviewing the permit issued to the Russian flotilla to stop at Ceuta. Politicians and military figures condemned the support from a NATO member as "scandalous," and "wholly inappropriate," while the head of the alliance indicated Madrid should rethink the pit stop.

Adoption Of The Euro Has Been 'Unequivocally Bad' For Southern European Economies

Some say that the common currency prevents less productive economies from cheating by weakening their national currencies and forces them to become more efficient and competitive. Industrial production data shows that it is not the case. Italy, France, Greece and Portugal have not only stopped producing more; they are producing now less than in 1990! The decay started immediately after the introduction of the euro in 2002!

As China Liquidates US Treasuries, It is "Gobbling" Up Japanese Government Bonds

China is on a shopping spree, and has been "gobbling" up Japanese government bonds, adding that Beijing bought close to a net 9 trillion yen ($86.6 billion) worth of JGBs in the January-August period, more than tripling the amount from the same period last year. Incidentally that's almost equivalent to the number of US Treasurys sold by China.

Washington's Struggle: Remaining Relevant

The certainty is that the future will turn fully into a multipolar model, and this obliges Washington to struggle in every way possible to remain relevant. To date, apart from nuclear agreements, every choice has been counterproductive and wrong. Will Washington’s elites ever learn, or will they eventually become irrelevant?

Deutsche Bank Considering Alternatives To Paying Cash Bonus

In what may be the worst news yet for DB's employees, moments ago Bloomberg reported that the German Bank is exploring "alternatives to paying bonuses in cash" as Chief Executive Officer John Cryan seeks to boost capital buffers.

How Half Of America Lost Its F**king Mind

It really does feel like the worst of both worlds: all the ravages of poverty, but none of the sympathy. "Blacks burn police cars, and those liberal elites say it's not their fault because they're poor. My son gets jailed and fired over a baggie of meth, and those same elites make jokes about his missing teeth!" You're everyone's punching bag, one of society's last remaining safe comedy targets.

Insider Stock Buying Drops To Lowest Level In Five Years

“The best-informed market participants seem unenthusiastic about U.S. stocks at current prices,” said David Santschi, chief executive officer at TrimTabs.  “Insider buying is running at the slowest pace for October in the past five years.”

The Rise Of The Politics Of Rage

Rage is all the rage these days, but as Barclays notes, what appears less well understood is that this voter rebellion, “the Politics of Rage”, spans nearly all advanced economies, has been taking place for more than a decade, is unparalleled in modern history, and is deeply entrenched.

Is This Obama's Idea Of A Cyberwar?

"I wanted to poke them in the eye and stop feeling like the US is just taking it on the chin.  I'm not gonna sit around watching these fuckers laughing at us."

Richmond Fed Confirms Weakest Economic Trend Since 2008

For the first time since 2012, the Richmond Fed business surveyr has been in contraction (below 0) for 3 straight months (and 4 of the last 5). Worse still, the six-month average of the business survey has not deteriorated this fast since Q2 2008. While the underlying components were mixed, inventory levels dropped (bad for GDP), average workweek tumbled (bad for incomes), and new orders re-plunged.

Apple Slides After Missing Revenue, China, ASPs Despite Better iPhone Sales, Guidance

Despite guiding notably higher for the holiday quarter, and beating modestly on EPS, AAPL just reported its third consecutive quarter of declining results and iPhone sales, and its first fiscal year of lower revenue since 2001. The market was not impressed, despite Tim Cook's strong guidance for the holiday quarter when AAPL expects to make as much as $78 billion.