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In Latest Blow To Apple, Taiwan Makers Cut iPhone Shipments Up To 10%
Submitted by Tyler Durden on 12/29/2015 09:25 -0400While the straws have been building on the camel's back of Apple's "no brainer" status over the past few months, today's news from DigiTimes appears to be the most damning yet on the 'peak Apple' phenomenon. Apple share are fading off early market highs as demand for iPhone 6s and iPhone 6s Plus appear to have slowed down recently, shipments of iPhone devices from production lines in the fourth quarter of 2015 are likely to be 5-10% lower than originally expected, according to Taiwan-based supply chain makers.
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Erdogan Says Assad "Mercilessly Killed 400,000 People", Accuses Opposition Of "Treason"
Submitted by Tyler Durden on 12/29/2015 09:15 -0400"You cannot go anywhere by supporting a regime that has mercilessly killed 400,000 innocent people with conventional and chemical weapons."
"I believe that the treachery network dealing a blow to our country's unity will learn a lesson it deserves."
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Frontrunning: December 29
Submitted by Tyler Durden on 12/29/2015 08:32 -0400- The World's Richest People Got Poorer This Year (BBG)
- Oil hovers near 11-year lows on abundant supply, slowing demand (Reuters)
- Oil-Producing States Battered as Tax-Gushing Wells Are Shut Down (BBG)
- A Bold Few Traders Earn Billions Flouting Rivals (WSJ)
- Islamic State ruling aims to settle who can have sex with female slaves (Reuters)
- Winter Storm Snarls Republican Presidential Traffic (BBG)
- Donald Trump Urges Supporters to the Polls (BBG)
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Caught On Tape: Russia Unleashes Massive Bombing Raid On Militant Convoy
Submitted by Tyler Durden on 12/29/2015 00:49 -0400
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Global Stocks Rebound, US Stocks To Reopen Back In The Green For 2015 As Oil Halts Slide
Submitted by Tyler Durden on 12/29/2015 07:58 -0400Santa Claus is cutting it close: after stocks closed down yesterday, and just fractionally red for the year, the jolly old gift-giver (who now has activist investors breathing down his neck) has just three trading days to push if not stocks then the market into the green for the year. And so far, so good, with US equity futures rising by 8 points or 0.4%, on the back of some modest renewed Dollar strength but mostly on oil, which after yesterday's big slide, has managed to stem the decline and is up fractionally, just under $37, along with other commodities if not copper, which falls for second day.
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A Nervous George Soros Lashes Out At Donald Trump: He Wants You To Be Afraid
Submitted by Tyler Durden on 12/28/2015 22:15 -0400It appears The Establishment has decided to bring in the big guns to dislodge The GOP's nightmare scenario as Donald Trump goes from strength to strength in the polls. Writing in an op-ed for The Guardian, billionaire puppet-master George Soros urges Americans "to resist the siren song of the likes of Donald Trump," adding that "the terrorists and demagogues want us to be scared. We mustn’t give in."
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Something Just Snapped In Saudi Arabia
Submitted by Tyler Durden on 12/29/2015 02:53 -0400Following yesterday's budget (deficit) and the 'sacrifice-the-people's-comfort-for-the-death-of-US-Shale' plan that we detailed here, it appears market concerns about Saudi Arabia's forward-looking health are rising. As Bloomberg reports, USDSAR 12-month forwards jumped 250pts (the most since December 2007) to 725bps (the highest level since March 1999) implying expectations of a looming de-pegged, devaluation. Perhaps just as worrying is this is the same pattern that played out in August as Yuan weakness sparked HIBOR stress, leading to SAR forward weakness and then US equity market collapse.
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What's In Store For Our Freedoms In 2016? More Of Everything We Don't Want
Submitted by Tyler Durden on 12/28/2015 23:25 -0400James Madison, the father of the Constitution, put it best: “Take alarm,” he warned, “at the first experiment with liberties.” Anyone with even a casual knowledge about current events knows that the first experiment on our freedoms happened long ago. Worse, we have not heeded the warnings of Madison and those like him who understood that if you give the government an inch, they will take a mile. Unfortunately, the government has not only taken a mile, they have taken mile after mile after mile after mile with seemingly no end in sight for their power grabs. All of the signs point to something nasty up ahead.
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Dozens Of Protesters Swarm Disputed Island As China Demands Withdrawal Of Filipino Troops
Submitted by Tyler Durden on 12/28/2015 22:50 -0400"We encourage the higherst leadership of the country to inform the people correctly without sugar coating the truth about Chinese invasion of our Exclusive Economis Zone. How can the people unite and pick up the cudgels and fight alongside of you if you hide the truth from us?"
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"Political Correctness" Is About Control, Not Etiquette
Submitted by Tyler Durden on 12/28/2015 22:15 -0400
To begin, we need to understand that political correctness is not about being nice. It’s not simply a social issue, or a subset of the culture wars. It’s not about politeness, or inclusiveness, or good manners. It’s not about being respectful toward your fellow humans, and it’s not about being sensitive or caring or avoiding hurt feelings and unpleasant slurs. But what exactly is PC? Political correctness is the conscious, designed manipulation of language intended to change the way people speak, write, think, feel, and act, in furtherance of an agenda. PC is best understood as propaganda.
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2015 - The Year Of FX Reserve Rundowns (Or Playing The "Fool's Game")
Submitted by Tyler Durden on 12/28/2015 21:40 -04002015 was the year of considerable FX drawdown as desperate EM central banks attempted to rescue themselves from reality. As Barry Eichengreen noted, "Intervening to support an exchange rate that’s fundamentally overvalued is a fool’s game and a no-win situation, akin to a sovereign attempting to sustain an unsustainable debt burden rather than yielding to inevitable restructuring."
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Offshore Yuan Tumbles As China Devalues Fix To Weakest Since June 2011
Submitted by Tyler Durden on 12/28/2015 21:24 -0400On the heels of the collapse in China 'B' shares last night, and continued stress in money-markets, China weakened the the Yuan fix to its lowest since June 2011 tonight. This has sent offshore Yuan spiralling lower breaking above 6.5700 for the first time since trhe August devaluation's collapse. Chinese stocks are on the weaker side, extending losses, and we now await the money-markets to see if this stress is escalating.
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ISIS Flees Ramadi, This Is What They Left Behind: Photo Album "From The Devil's Grasp"
Submitted by Tyler Durden on 12/28/2015 19:17 -0400
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The Odds Are Never In Your Favor
Submitted by Tyler Durden on 12/28/2015 21:05 -0400Even though the odds are never in our favor, there is still hope. Not everyone has to make the extreme sacrifice in order to contribute to the revolution. There are thousands of small acts which will weaken the establishment: "Don’t be a slave to debt. Live beneath your means and accumulate some physical silver and gold. Don’t vote for candidates selected by the vested interests. Spread the message of liberty and freedom to anyone who will listen. Think critically. Do not trust your government. Prepare for the inevitable collapse of this rotten, fetid, corrupt paradigm."
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Ship Carrying Over 11 Tons Of Low-Enriched Uranium Leaves Iran For Russia
Submitted by Tyler Durden on 12/28/2015 20:38 -0400Earlier today, a ship carrying over 25,000 pounds (11,000 kg) of low-enriched uranium materials allegedly departed from Iran for Russia, in what was dubbed a key step in Tehran's implementation of this year's historic nuclear accord with world powers. According to John Kerry this was "one of the most significant steps Iran has taken toward fulfilling its commitments." "I am pleased to report that we have seen important indications of significant progress towards Iran completing its key nuclear commitments under the deal," Kerry said in a statement.
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