• GoldCore
    01/13/2016 - 12:23
    John Hathaway, respected authority on the gold market and senior portfolio manager with Tocqueville Asset Management has written an excellent research paper on the fundamentals driving...
  • EconMatters
    01/13/2016 - 14:32
    After all, in yesterday’s oil trading there were over 600,000 contracts trading hands on the Globex exchange Tuesday with over 1 million in estimated total volume at settlement.

President Obama

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Did China Just Clear The Way For A Mid-East Intervention With Passage Of New Anti-Terror Law?





Apparently, China has finally gotten wise to what the West has known since at least 9/11: namely that you can always justify the state's nasty habits by claiming authorities require new powers to fight "terror." The NPC passed new legislation on Sunday that, in addition to granting Beijing new surveillance powers, also legalizes the PLA's deployment overseas to conduct anti-terror ops.

 
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Frontrunning: December 28





  • The Year Nothing Worked: Stocks, Bonds, Cash Go Nowhere (BBG)
  • Oil falls toward $37, near 11-year low, as excess supply weighs (Reuters)
  • End of easy money for mini-refiners splitting U.S. shale? (Reuters)
  • Shale's Running Out of Survival Tricks as OPEC Ramps Up Pressure (Reuters)
  • 'Safe’ Puerto Rican Debt Stirs Worries (WSJ)
  • These Will Be Wall Street's Most In-Demand Jobs Next Year (BBG)
 
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Dave Barry Answers - Was 2015 The Worst Year Ever? (Spoiler Alert: Yes)





We apologize, but 2015 had so many negatives that we’re having trouble seeing the positives. It’s like we’re on the Titanic, and it’s tilting at an 85-degree angle with its propellers way up in the air, and we’re dangling over the cold Atlantic trying to tell ourselves: “At least there’s no waiting for the shuffleboard courts!” Are we saying that 2015 was the worst year ever? Are we saying it was worse than, for example, 1347, the year when the Bubonic Plague killed a large part of humanity? Yes, we are saying that.

 
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What Bowe Bergdahl's Taliban Captors Really Wanted To Know: "Is Obama Gay?"





Having been placed in Afghan "isolation" largely for the duration of his stay, surely his captors were fascinated by his breadth of insight about American culture and would love to pick his brain at every possible opportunity. Indeed, Bergdahl said guards who were assigned to watch him were often bored by the job, and would pass the time by interrogating him.Adn what, according to Berghdal, was the most pressing question on their mind? "They ask you, is Obama gay and sleeps with men?

 
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Two-Thirds Of Young Democrats Eager To Accept Refugees From Fictional City In Aladdin Movie





Earlier in the week, many scoffed at the stereotype-confirming 30% of Republicans than supported the bombing of Agrabah - the fictional city from the Disney movie Aladdin. Now, according to WPAResearch, a new poll shows a stunning 66% of young Democrats are especially eager to take in the imaginary refugees.

 
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UK To Deploy More Boots To Afghanistan After Suicide Bomber Kills Six US Troops





Britain is set to deploy additional troops to the fight in Afghanistan after a suicide bomber on a motorbike killed six US troops near Bagram. The Taliban advance in Helmand underscores the country's worsening security situation and suggests that in relatively short order, Afghanistan will once again become a key battleground in what has become a multi-state regional proxy war.

 
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Congress's $1.15 Trillion Spending Bill: Heads They Win, Tails You Lose





Fyodor Dostoyevsky’s seminal masterpiece Crime and Punishment is often thought of as one of the longest classics at more than 200,000 words. The Consolidated Appropriations Act of 2016, which was signed into law on Friday, is nearly twice as long. At 887 pages, the bill allocates $1.15 trillion in war and discretionary spending for fiscal year 2016 which began almost three months ago. (That’s an average of $1.3 billion in spending PER PAGE of the bill.) In making it public law, President Obama has effectively signed the death warrant of the US government’s finances.

 
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Obama Finally Commits To Putin's Syrian Policy - Yet Continues Violating It





The basic policy-difference on Syria has been between U.S. President Barack Obama’s insistence that Syria’s legal President must be ousted before any peace-process starts, versus Russian President Vladimir Putin’s insistence that no foreign power possesses the right to determine whom the leader of Syria or any other country will or won’t be - only the residents there do, via free and fair democratic elections. Putin proposes an internationally monitored and verified election in Syria to determine the identity of Syria’s President; Obama has rejected that proposal - until now.

 
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When All Else Fails, Erdogan Calls Israel





The announcement of the restoration of Israel-Turkish relations should be seen in the context of Turkey having nowhere else to go.

 
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MSNBC Anchor Stunned By Trump-Putin Lovefest





Following Vladimir Putin's 'endorsement' of The Donald, explaining his hope for "a more substantial, deeper relationship," with America, Trump has reciprocated the show of respect by thanking the Russian president for the "great honor." This mutual back-patting stunned MSNBC anchor Joe Scarborough, who exclaimed, Putin "is a person who kills journalists, political opponents and invades countries," to which Trump responded, silencing Scarborough, "he's running his country, and at least he's a leader, unlike what we have in our country."

 
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President Obama Addresses The Nation (Again) - Live Feed





More un-fearmongery? More re-reassurance? Noone really knows but President Obama will address the nation ahead of tomorrow's reportedly 2nd biggest shopping day of the year. Fear the bad guys... but spend, spend, spend...

 
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President Obama Tries (Again) To Reassure Nation Over Terrorist Threats - Live Feed





With another big-spending weekend ahead for the American consumer, President Obama is set to explain to an increasingly worried nation that despite the apparent very real threat of terrorism (and all the spending, surveillance, and loss of liberty that is required to maintain your freedom), they should go about their borrowing-and-spending consumption duties... or else the terrorists win. Having managed somehow to both increase gun sales and push a majority to oppose an assault weapon ban, Obama will today re-reassure his fellow Americans that he knows what's best for them.

 
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Congress To Lift Four Decade Oil Export Ban: Will It Impact Crude Prices?





“The deal to lift the crude ban is a significant change in U.S. policy, but in terms of the near-term impact on prices, we expect that to be blotchy and sentiment driven. All that you’re doing is transferring the glut from the U.S., where most of the storage capacity is, to elsewhere in the world.”

 
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The Billionaire's Pick: How Marco Rubio Became The Preferred Puppet Of GOP Oligarchs





As concerning and hateful as so much of Trump’s commentary is, we can at least be sure he speaks from his own twisted mind. This is precisely why he appeals to so many people in this day and age of completely captured politicians. People like the fact that every word out of his mouth hasn’t been carefully placed there by some billionaire patron. On the exact opposite end of that spectrum we find Marco Rubio. A man so incapable of free-thought, he becomes the ideal target for billionaires looking to craft the perfect puppet. Forget Jeb Bush, Marco Rubio is now the establishment GOP’s pick, and they will do everything in their power to get him the nomination.

 
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