New Normal

The World Economy Explained With Two Cows: New Normal Edition

'Keep It Simple Stupid' is the underlying narrative of the "two cows explain economics" meme... but, in light of the 'new normal' reality unleashed by ever-intervening central planners, some of the key political, economic, and corporate systems needed a re-work...

Peak "Office Space"

With the unprecedented surge in unicorns and incessant faith in the ever-increasing productivity of a globalization-crushed American worker, it is perhaps a surprise that the "office space" provided to the intellectual capital-providing, wage-stagnating middle-American, has never been smaller...

OPEC Members In Jeopardy, How Long Can They Hold Out?

The Saudi strategy has yet to bear itself out, but early indications suggest it is generating returns. Non-OPEC supply is expected to suffer its steepest decline in two decades in 2016, at a drop of nearly 0.5 mbpd. Moreover, U.S. shale producers are among the hardest hit. Oil production across the seven most prolific shale plays is expected to plummet a combined 116,000 bpd in January 2016. Still, the strategy is not without sacrifice, and several OPEC members are struggling to find – and, more importantly, endure – that magical balance between non-OPEC pain, market share retention/growth, and self-inflicted damage. Their tipping points are nearly impossible to predict, but there will be more losers than winners in this game of brinksmanship.

President Obama Delivers Statement, Says Shooting "Possibly Terrorist-Related" - Live Feed

Having stated unequivocally last week that "we can't let this become the new normal.. enough is enough," following the Planned Parenthood shooting, President Obama - having seen a record amount of background checks for gun purchases over the Black Friday weekend - is set to make a statement (alongside his National Security Team) with regard the mass shooting in San Bernardino yesterday...

Paris Is Prologue

The recent attacks in Paris evoke strong emotions for many people, but investors need to look through those feelings to the short, medium, and long-term implications. We believe Paris may mark an important turning point for Europe and the global business cycle... but for different reasons than you may think. There is a chance that the slow disintegration of Europe will drive more capital onto US shores, boosting valuations and fueling a blow-off top in the US equity market; but beware global shocks and take any rally as a chance to get defensive.

The Closing Of The Global Economy

"The political left is happy to see people cross borders but would gladly restrict the flow of capital and goods. The political right is happy to see capital and goods cross borders but would gladly build a fence to restrict the flow of people. I’m afraid that the compromise might be to restrict people, capital and goods."

Obama Blames Social Media As Russian PM Blasts "Irresponsible US Policy" For Strengthening ISIS

"The Islamic State has grown that strong due to the irresponsible policy of the United States," exclaimed Russian PM Dmitry Medvedev this morning, demanding that "really consolidated efforts" are needed to counter ISIS' terrorist threats. This comes just hours after President Obama toughened his rhetoric, vowing that the global coalition formed to destroy ISIS "will not relent," adding, rather oddly, that the group responsible for the Paris terror attacks is "a bunch of killers with good social media."