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"The days of uncontrolled immigration and illegal entry can't continue just like that. Paris changes everything."

The trifecta has emerged: just as expected, the link between Syrian refugees, ISIS, and Terrorism has now been set in stone.

"Joaquim Levy’s departure is certain"...

Evolution happens without goals... without conscious thought. It is a trip without a destination. It is also the way economies work; they do not respond well to manipulation by self-important meddlers. But if you are speaking for the entire planet, you have already gone way beyond the theory of evolution. You are in a world without theory… without science… without experience or history. You are in a world of make-believe – where pundits pretend to know what they are talking about and newspapers fill space with mythical claptrap.

While shootings in Manhattan used to be a relative rarity in the past couple of years, they have become increasingly more common. Case in point, earlier this morning when shortly before 6:15 am, a 43-year-old man was shot and killed and two others were wounded in a shooting inside a subway station at Eighth Avenue and 35th Street in Manhattan, by Pennsylvania Station.

Not all is well on Wall Street, where when one cuts all the noise, just one thing matters: the year-end bonus. It is here that as WSJ reports citing the latest survey from Johnson Associates, bonuses are expected to see a broad drop for the first time in four years.

China's exports fell for the fourth consecutive month in October as evidence of collapsing global demand and trade continues to pile up. “A lot of Westerners think this helped us out a lot. But the 2% depreciation actually hurt us. It was in every newspaper and customers called us within hours pushing for 6% discount, so we had to give them 4%."

Russia is reportedly set to host negotiations between the Assad government and the Syrian opposition in Moscow next week, although it isn't at all clear that the invitees play a meaningful role in the conflict. Meanwhile, Maria Zakharova is out with comments about Syria's political future which the Western media are interpreting as an admission that Russia is willing to let Assad go.

Almost all serious analysts see a Terminal problem developing - "We will go from deflation to hyperinflation without seeing inflation." But hyperinflation is a political phenomenon. It is caused by those same authorities the masses think they can trust. When they are threatened, they will protect themselves by printing money on a scale we haven’t seen since the War Between the States (consumer prices in Richmond, Virginia, had risen 6,700% by the end of the war).

• Baffle with BS: German Bonds Decline Along With Peers as Draghi Cools QE Talk (BBG)
• And yet... ECB's Nowotny says low inflation forces ECB to act (Reuters)
• Stocks fall on China data, but stronger euro zone lifts gloom (Reuters)
• Global factories struggle as stimulus fails to spur (Reuters)
• Russian airline rules out technical fault, pilot error in Egypt crash (Reuters)
• Turkey returns to single-party rule in boost for Erdogan (Reuters)

Ok, this is China: crazy things happen all the time. But where things got outright ridiculous, was when moments ago when as China National Radio reports, Wu Shuang, a partner of Xu Xiang's at Zexi, and also an insider trading suspect, was shot and killed by Chinese police when he "resisted and tried to escape."

In an interview with Spanish newspapers that was published October 31st, U.N. Secretary General Ban Ki-Moon condemned U.S. President Barack Obama’s demand that Syrian President Bashar al-Assad be removed from office, and Moon said: “The future of Assad must be determined by the Syrian people." The U.N. Secretary General's detailed comments are implicitly blaming all of this - lots of blood and misery - on U.S. President Obama, and on the “many Western countries” who ally with him and have joined with him in demanding regime-change in Syria. Ban ki-Moon took a rare courageous position here: what he said was correct, though it’s virtually unmentionable in the West.