• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...
  • Phoenix Capital...
    02/06/2016 - 10:15
    2008 was caused by derivatives based on consumer-focused assets (houses). The next crisis will be driven by derivatives on government-focused assets (bonds).

Florida

Tyler Durden's picture

Cheap Oil's First US Casualty: Alaska Forced To Tax Personal Income For First Time In 35 Years





With sadly ironic timing, we noted just last week that the blowback from "unequivocally good" low oil prices was set to cross the border from an increasingly suicidal Canada, and so, as AP reports, it appears Alaska is facing the toughest of times. As oil prices make new cycle lows, Alaska Gov. Bill Walker has called for the state's first income tax in 35 years in order to close a $3.5-billion-dollar deficit the state is carrying. Alaska is currently the only state that does not have a state sales tax or personal income tax, having relied on oil income but, as Walker tweeted, "now is the time for Alaskans to pull together."

 
Tyler Durden's picture

Mark Zuckerberg Storms Into The Trump 'Muslim Ban' Scandal, Tells Muslims "You Are Always Welcome Here"





"I want to add my voice in support of Muslims in our community and around the world... If you're a Muslim in this community, as the leader of Facebook I want you to know that you are always welcome here and that we will fight to protect your rights and create a peaceful and safe environment for you."

 
Tyler Durden's picture

How Hillary Clinton Abused Her State Department Role To Help Her Hedge Funder Son-In-Law





According to the latest set of emails released by the State Department, and first reported by the Daily Caller, Hillary intervened in a request forwarded by her son-in-law, Marc Mezvisnky, on behalf of a deep-sea mining firm, Neptune Minerals, to meet with her or other State Department officials.

 
Tyler Durden's picture

"We're At War, Get It Through Your Head", Trump Doubles Down During Combative Follow Up Interviews





12 hours after his dramatic campaign statement to shut out Muslims arrivals into the US, Donald Trump doubled down and in a series of interviews early on Tuesday, he repeatedly told anchors such as CNN's Chris Cuomo that "we're at war - get it through your head" in his latest heated exchange, during which he reminded America how quickly people have forgotten "World Trade Center #1 and World Trade Center #2."

 
Tyler Durden's picture

The "Real Stuff" Economy Is Falling Apart





Can an economy thrive if it doesn’t make or move physical things? Intuitively the answer is no, because most of the services either maintain the status quo (like healthcare and restaurants) or (like houses) consume rather than build capital. The US, in short, is engaged in an experiment to see how long an economy can function with services growing and manufacturing contracting. As with so many of today’s monetary and fiscal experiments, no one knows when definitive results will come in. But the data so far aren’t encouraging.

 
Tyler Durden's picture

Americans Have Never Tried To Buy So Many Guns In November... Ever





Two things happened after the most recent widely publicized US mass shootings/domestic terrorism acts: i) Obama once again made a concerted effort to push for gun-control, and ii) gun sales soared to record highs for November most likely in response to i). As we reported in September, citing the FT, "gun sales this year could surpass the record set in 2013, when gun purchases surged after the December 2012 Sandy Hook murders." And given that Black Friday background checks broke all previous records, it appears we are well on our way.

 
Tyler Durden's picture

Trump Solidifies Lead In Latest Poll As Hillary Finds She Has A "Likability Problem"





Good news for Trump who is once again pulling away from the pack; not so good news for Hillary whose "likability problem" is starting to haunt her.   

 
Tyler Durden's picture

5 Signs Of America's Decaying Society





There exists a common theme amidst these signs of societal decay: The super-rich keep taking from the middle class as the middle class becomes a massive lower class. Yet the myth persists that we should all look up with admiration at the “self-made” takers who are ripping our society apart.

 
Bruce Krasting's picture

It's Official - Biggest Nino Ever - Killer La Nina to Follow





-If you're thinking of buying that dream house on the ocean in the Sunbelt, wait a year - there will be some bargains. If you're a seller - call the broker soon....

 
Tyler Durden's picture

The Buffet Backlash: Anger Builds At "Hypocrite" Billionaire Hiding Behind "Folksy" Facade





In the wake of Bill Ackman's verbal jousting with Charile Munger, WSJ has taken a look at what many consider to be the myth behind Warren Buffett's "folksy" demeanor. As it turns out, it's best to do as Buffett does, not as he says.

 
George Washington's picture

Giant Utilities Try to Kill Solar Power





Rooftop Solar Poses a Threat to the Utilities’ Century-Old Business Model of Centralized Power … So They’re Trying to Make Solar Much More Expensive

 
Tyler Durden's picture

Cops Around The Country Quietly Begin Rebelling Against The Drug War





In May, Police Chief Leonard Campanello of the Gloucester, Massachusetts Police Department announced via Facebook that his department would adopt the new policy of treatment over arrest. Five months since the program launched, Campanello reports positive results: over 260 addicts have been placed in treatment. This summer, shoplifting, breaking and entering, and larceny dropped 23% from the same period last year. “We are seeing real people get the lives back,” he said. “And if we see a reduction in crime and cost savings that is a great bonus.”

 
Tyler Durden's picture

Chinese Warships Dock In Florida As Ash Carter Waves "Big Stick" Around In South Pacific





“TR’s motto was to speak softly but carry a big stick, but the ‘speak softly’ means talk to other people, see what we can do to reach agreement.”

 
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