Wall Street Journal

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Academic Study Shows Fed Engaged In Systematic Leaks To Insiders





Researchers at Duke University and the University of California at Berkeley point to quantitative evidence that The Fed consistently leaks non-public information about its meetings, driving an investment pattern that has led to market gains.

 
Tyler Durden's picture

"Buy The Dips! What Could Possibly Go Wrong?" Axel Merk Warns "A Hell Of A Lot"





The lack of fear in risky assets is another way of saying that risk premia have been low, or as we also like to put it, that complacency has been high. Not fully appreciative of this inherent risk, it seems many investors have refrained from rebalancing their portfolios, and bought the dips instead. We believe the Fed’s efforts to engineer an exit from its ultra-low monetary policy should get risk premia to rise once again, that if fear should come back to the market, volatility should rise, creating headwinds to ‘risky’ assets, including equities. That said, this isn’t an overnight process, as the ‘buy the dip’ mentality has taken years to be established. Conversely, it may take months, if not years, for investors to shift focus to capital preservation, i.e. to sell into rallies instead.

 
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Saudis Prepared To Listen At OPEC Meeting





“We will listen, and then decide,” he said on Tuesday upon his arrival in Vienna, trying to tamp down speculation that the outcome is preordained. When asked if OPEC’s strategy of pursuing market share was working, al-Naimi was coy. “What strategy?” he said. “Who said we’re keeping market share?” Despite al-Naimi’s assurances that the Saudi delegation won’t dictate policy to OPEC, his voice is the only one that counts.

 
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Dead, White, & Blue - The Great Die-Off Of America's Blue Collar Whites





While the lifespan of affluent whites continues to lengthen, the lifespan of poor whites has been shrinking. As a result, in just the last four years, the gap between poor white men and wealthier ones has widened by up to four years. This was not supposed to happen. For almost a century, the comforting American narrative was that better nutrition and medical care would guarantee longer lives for all. So the great blue-collar die-off has come out of the blue and is, as the Wall Street Journal says, startling.”

 
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Short-Termist America - Value-Extraction Has Replaced Value-Creation





It is vital to give proper consideration to the improper liberties that are being taken by those with “unwarranted influence” and “misplaced power”.   Value extraction has replaced value creation in pursuit of short?term, self?serving benefits at the expense of long?term stability and durability of corporate America and therefore the country as a whole.  As citizens, our obligation is to be well?informed, cognizant, outspoken and to vote. The words of men may temporarily suspend but they do not alter the laws of financial dynamics. The fundamentals always take precedence eventually.

 
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Millennials Increasingly Believe The American Dream "Is Not Really Alive"





"In the three decades between the surveys, pollsters found the share of young Americans overall who said the American Dream 'is not really alive' grew sharply from 12 to 29 percent. Among white people, it nearly tripled from 10 percent to 29 percent."

 
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The IMF Confirms Yuan Inclusion In SDR Basket At 10.92% Weight, Above JPY And GBP





The IMF’s Executive Board decision today means that the yuan will be included in the SDR basket from Oct. 1, 2016, effectively anointing the yuan as a major reserve currency and represents recognition that the yuan’s status is rising along with China’s place in global finance. The weight in the basket will be 10.92%, larger than JPY and GBP. However, as politically-motivated as this decision may have been, now comes the hard part for China.

 
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1 Journalist Dead, 3 More Arrested After Exposing Turkey Arming Syrian Extremists





Perhaps Voltaire said it best: "To determine the true rulers of any society, all you must do is ask yourself this question: Who is it that I am not permitted to criticize?"

 
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Can The Oil Industry Really Handle This Much Debt?





With at least 83 percent of these companies' operating cash being spent on debt repayments - the highest on record - the renewed collapse in crude oil prices of the last month has renewed focus on the tidal wave of defaults that the credit market is increasingly pricing in (and stocks not).

 
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Frontrunning: November 25





  • European stocks up, oil slides as concerns ease over Russia-Turkey tension (Reuters)
  • ECB discusses two-tiered bank charges, broader bond buys (Reuters)
  • New agonies, alliances as Fed debates post-liftoff plan (Reuters)
  • A New Military Power Rises in the Mideast, Courtesy of One Man (BBG)
  • Russia's Gazprom says halts gas supplies to Ukraine over payment (Reuters)
  • Other central banks set to act, but Swiss policy cupboard bare (Reuters)
 
GoldCore's picture

Global Bond Markets: Where Did All the Liquidity Go?





The world is awash with debt. With central banks increasing their balance sheets through quantitative easing, simultaneously pushing down interest rates and taking huge chunks of the market out of circulation, investors have had to stray beyond developed market government bonds in search of yield.

 
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Why "Supply & Demand" Doesn't Work For Oil





The traditional view of the impact of low oil prices seems to be, "It is just another cycle." Or, "The cure for low prices is low prices." We are doubtful that either of these views is right.

 
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A Furious Ralph Nader Calls Out The Fed As "Tribune To Plutocratic, Crony Capitalism"; Janet Yellen Responds





In his letter, reproduced below, Nader bashes  the "tediously over-dramatic indecision as to when interest rates will be raised"; demands that the Fed not "lecture us about the Fed not being “political.” When you are the captives of the financial industry, led by the too-big-to-fail banks, you are generically “political" and - in short - wants to know when the Fed will put the interests of Main Street over those of "plutocratic, crony capitalism for which the Federal Reserve has long been a leading Tribune."

 
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Venezuela Accuses US Of "Industrial Espionage" To "Sabotage" The Oil Industry





The government of Venezuelan President Nicolas Maduro is investigating a report that the U.S. government has been spying on executives of the state-owned Petroleos de Venezuela, or PDVSA, over the past decade. “The oil industry is the backbone of the Venezuelan economy,” Maduro said on state television. “The U.S. empire for a long time … has intended to sabotage [Venezuela’s] oil industry and defeat the [Caracas] government in order to steal the oil.”

 
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