Archive - Dec 2015

"Normally, equities peak 12-18 months after a peak in margins and we are now c.15 months after the peak in margins."

While overall retail sales disappointed following President Obama's impassioned plea to Americans that the world is in grave danger from terrorists but they should go about their usual business of spend-spend-spend-ing on Black Friday, it appears they did buy one thing. As USA Today reports, more Americans had their backgrounds checked purchasing guns on Black Friday than any day on record, according to data released by the FBI this week.

If we are forced to keep our money in the bank... and cash is outlawed... the Deep State will have total economic control over us all.

And just like that another country has decided it would send its fighter planes in the already congested skies above Syria, when moments ago the UK parliament decided, in a 397 to 223 vote, to begin airstrikes on Syria.

Decoding the war in Syria is not for the faint of heart. For those looking to make sense of it all, we present the following infographic which should go some ways towards untangling what has become one of the most complex, convoluted wars in recent memory.

The resistance to such an awakening is understandable if still lamentable. If recession is truly the looming assurance, as it increasingly appears, that would mean not just the end of the recovery but the end of “accommodation” as a given force. In other words, Janet Yellen and the OECD start backwards from their endpoint because of their unshakable faith in monetarism, a faith that actually defines how they think an economy does work (and how they produce the core assumptions in their models); should that path from here to there completely unravel, so, too, does their assumed power and philosophy.

"The US Security Council is requested to form committees to put in effect the previously adopted resolutions on smuggling. According to said resolutions, all involved in these activities, be they individuals, companies or states, will be branded as criminals."

Moments ago Brazil lower house chief Eduardo Cunha announced that he has accepted an impeachment request filed by Helio Bicudo. Cunha told reporters in Brasilia that the decision is not political, and while one can debate that, the implications will have a tremendous impact on both Brazil's political situation not to mention its already imploding economy. Cunha told reporters in Brasilia on Wednesday he "profoundly regrets" what’s happening. "May our country overcome this process." The impeachment process could take months, involving several votes in Congress that ultimately may result in the president’s ouster.

Spot the year that the "data-dependent" Fed will raise interest rates...

The global Central Banks have literally bet the financial system that their theories will work.  They haven’t. All they’ve done is set the stage for an even worse crisis in which entire countries will go bankrupt.

It's official: the start to the holiday shopping has been a disaster, and it's not simply due to a shift to online spending.

Presented with no comment...

Between collapsing crude, crashing economic data, a hawkish Yellen, and now another domestic mass shooting, US equities are plunging...