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NATO To Deploy Tanks In Eastern Europe Shortly After VP Of Europarliament Says Ukraine-Russia War Imminent

Just when global financial markets had shrugged off Ukraine as yet another 'storm in a teacup', it appears events are escalating rapidly once again. This morning saw European Parliament's Vice President Saryusz-Wolski warn "Russia's pressure on Ukraine is mounting high, further war imminent," to which Ukraine's President Poroshenko rapidly responded (via Twitter) rather ominously that a "third world war does not scare us," having noted earlier than Ukraine needs to achieve NATO membership. This then prompted NATO's top military commander to warn, he is "very concerned" that Russia's military build-up in the annexed Crimean region could be used as a launchpad for attacks across the whole Black Sea region; leaving the alliance confirming that NATO plans to deploy tanks in Eastern Europe.



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Oil Slumps To 4 Year Low Ahead Of OPEC, Eurozone Yields New Record Lows: Summary Of Overnight Events

While the US takes the day off after another near-record low volume surge to a new all time high in the S&P500, a level which is now just 125 points away from Goldman's year end target for 2016, the rest of the world will be patiently awaiting to see if oil's next step, as a result of today's OPEC meeting will be to $60 or to $100. For now at least the answer is the former (see more here from the WSJ), with Brent recently touching a fresh 4 year low in the mid-$75s, as WTI doesn't fare much better and was down 2% at last check to $72.20 after touching a low of $71.89. It appears the prepared remarks by the OPEC president to the 166th conference have not eased fears that despite all the rhetoric OPEC will be unable to get all sides on the same story, even though the speech notes "ample supply, moderate demand and warns that "if falling price trend continues, “long-term sustainability of capacity expansion plans and investment projects may be put at risk."



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Guest Post: Did They Want More Violence In Ferguson? 10 'Coincidences' Too Glaring To Ignore

Was it a conspiracy or was it incompetence?  Those appear to be the only two alternatives that we are left with after this week's violent protests arcoss the country...



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Stimulate This! Thoughts On Intergenerational Fairness

Since this is the season for giving thanks in the US, we might give some consideration to the unsung heroes who have been underwriting a big chunk of our economic recovery of late. Actually, we literally owe our future to them - in more ways than one. Since there are no free lunches in economics (that we all must agree on), somebody has to pay for this. And it should be obvious by now who that will be: our children and grandchildren (and at this rate, probably their children and grandchildren too).



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Jamie Dimon's Daughter Is Asking You For A Favor



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"Now That's What I Call A Bubble"

"Then when the [Bank] called time and the bubble began to deflate, everyone watched in disbelief as layer upon layer was painfully peeled back and the mess of what had really been going on became plain for all to see."



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Guest Post: A Rant - What I Learned From Ferguson

"There are good people of all races/creeds/colors/whatever that want to just live and let live. Seek out those people, give them a voice, cherish them. Or, as we say in the prepper community – prep, train and form teams."



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"We Are A Nation Built On The Rule Of Law"

Having explained to the residents of Ferguson that "first and foremost, we are a nation built on the rule of law," we thought the following 'discussion' of the difference between "laws" and President Obama's executive orders would help clarify a few things...



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"This Is Madness"

Despite near-record Treasury short speculative-positioning, 30Y Treasury yields just hit a 2.93% handle - in line with the yield at the Bullard lows in mid-October. The S&P 500 is 200 points higher... Discuss...



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"We Blew It," Chuck Schumer Says Democrat Focus On Obamacare Was Wrong

With friends like this, who needs Republicans. President Obama may be turning over in his golf cart this Thanksgiving weekend as no lessor Democrat than Chuck "get back to work, Mr. Chairman" Schumer said Tuesday night that Democrats acted wrongly in using their new mandate after the 2008 election to focus on the issue rather than the economy at the height of a terrible recession. As National Journal reports, Schumer exclaimed, we "blew the opportunity the American people gave [us]." Little late to distance yourself from this cluster-tax chucky boy...



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Civil "Wrongs"

Presented with no comment...



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Central Bank Credibility, The Equity Markets, And Gold

Central bank credibility is at all-time highs. As a consequence, we suggest, equities are near all-time highs too while gold is scraping multi-year lows. A change though may be in the offing with all three. Not today, nor tomorrow. But perhaps sooner than most think. Here’s how we see it...



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Stocks Close At Recordest Highs Ensuring 'Confident' Black Friday, Despite Macro Massacre

The S&P 500 closed at new record-er-est highs (a record 29th day above the 5DMA) providing just the right amount of confidence-inspiring 'wealth creation' to ensure you spend, spend, spend this weekend all those gas price savings (despite 9 of 9 macro data misses today). Dow and Trannies underperformed today as Nasdaq surged on AAPL strength. The USDollar fell for the 3rd day (first time in a month) and Treasury yields tumbled (down 5-8bps on the week) near 18 month closing lows. VIX traded briefly with an 11 handle and lost its inversion (1st day in 6). Gold prices flatlined for the 3rd day (as EURCHF fell) ahead of the Swiss gold referendum this weekend. Oil tumbled to fresh 4-year lows as OPEC hinted at no cuts and copper slipped to fresh 4 year closing lows. Late-day shenanigans sent stocks ripping higher... in a totally rational manner. Turkey prices are at $1.67/lb and have been remarkably stable over the past few years.



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19 US Shale Areas That Are Suddenly Endangered, "The Shale Revolution Doesn't Work At $80"

“Everybody is trying to put a very happy spin on their ability to weather $80 oil, but a lot of that is just smoke... The shale revolution doesn’t work at $80, period.



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