Archive - Dec 2015 - Story

Just like Chinese Manufacturing, the Services PMI surveys from official sources and Caixin contradict each other. Providng hope for every bull, bear, and greater fool, official government data suggests the services economy is doing great and stimulus is working as it jumps to 4-month highs. However, Caixin's Services PMI shows a sudden drop near 2015 lows suggesting the need for moar stimulus now... take your pick, it's all farce!

"Do I think they’re going to pay within 30 days? No. The 30 days are not going to make any difference."

The very first major economic collapse in recorded history occurred in 218-202 BC when the Roman Empire experienced money troubles after the Second Punic War. As a result, bronze and silver currencies were devalued. As HowMuch.net depicts in the video below economic collapses date back thousands of years. While many countries today still feel the effects of the most recent Global Financial Crisis, it is important to note that economic troubles are not unique to the present-day, but rather date back to some of the oldest civilizations.

Turkey is the next key region in this conflict, since the only alternative gas pipeline that supplies Russia, and comes from Asia (Nabucco), passes through Turkey. Future conflicts between Turkey and Russia will be part of the Russian strategy within the region. 

"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...