The 20 Most Sinister Psyop Leaflets Of All Time

Some of the weirdest and most disturbing advertisements ever created are done so for military campaigns. They come in the form of propaganda leaflets, which are dropped by air or otherwise disseminated into a country or territory that is being invaded. The intention is to use psychology and symbolism to influence members of the general population, inciting fear and, ultimately, compliance.

JPMorgan Tells Investors: Ignore Mainstream Media

"Geopolitical developments should be gauged from... non-traditional data sources (such as big data sentiment indicators, independent media outlets, etc.) given the failure of many traditional data sources to anticipate geopolitical developments this year."

Payrolls Preview: Unemployment Rate Expected To Drop (But Blame The Weather & Calendar If Not)

A series of stronger than expected data in recent days pushed Goldman Sachs to up their payrolls growth expectation to 200k (above the 180k expectations), but they note that while the unemployment rate is likely to drop (to 4.8%), average hourly earnings may disappoint. Of course, they add, any non-narrative-confirming misses on the data can likely be explained away by "weather effects and residual seasonality."

70% Of Immigrants Admitted Under Obama's "Minor Refugee" Program Are Actually Adults

In 2014, the Obama administration signed an executive order intended to help Central American minors reach their families in the U.S. without relying on "human smugglers."  Two years later we find that 70% of those admitted under the program are adults while the number of unaccompanied children apprehended at the border has doubled.  Victory!?

Trump Team Confirms Dakota Access Support Has "Nothing To Do With Personal Investments" In Pipeline Builder

'Winter is coming' in North Dakota but as over 2000 veterans arrive to provide a human shield for the 'water protestors', president-elect Donald Trump said for the first time that he supports completion of the pipeline project near a North Dakota Indian reservation. Reassuringly his team confirmed that his support "has nothing to do with his personal investments" in Energy Transfer Partners - the company building the pipeline.

How Inflation Ruined A Chocolate Bar

"Wouldn’t it be great if Toblerone turned this incident into a teaching moment for its devoted customers? If it used its social media channels to remind them of the virtues of hard money and the costs of fiat money? If it helped Toblerone aficionados see the relationship between gaps in their candy to mainstream monetary fads that help bring them about?"

Visualizing The "Tectonic Shift" In The Markets' Narrative

"...we're at a phase in this UST / developed sovereign bond trade where previously acceptable conditioning (‘buy dips’; ‘get long-er duration because it just keeps working’; ‘never-ending bond inflows will always pause selloffs’ etc) are all being reset in real-time, and this behavioral shift is painful."

Mexican Central Bank Head Quits Amid Fears Over "Trump Impact"

In one of the day's more puzzling developments, the head of the Mexican central bank, Augusten Carstens, announced he would unexpectedly stand down from his post next July, 4 years ahead of his term's end. Why the sudden announcement? Among the theories emerging is that Carstens has had enough dealing with the unpredicabilities in the political climate, especially since the Trump election, and wanted out.

3 Things: Exuberance, Small Caps, & 6% Realities

"...there is a long way to go between President-elect taking office, drafting bills and getting them passed. There is even a further period of time before any actions actually passed by the Trump administration actually create perceivable effects within the broader economy. In the meantime, there are many concerns, from a technical perspective, that must be recognized within the current market environment."