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Santa Rally Lifts Global Stocks For Third Day: Will Volumeless Levitation Push The S&P Green For 2015?
Submitted by Tyler Durden on 12/23/2015 07:55 -0400With just a handful of trading sessions left in the year, this is how the major global markets look as 2015 is about to close. As of this moment, and in keeping with the Christmas spirit, the biggest question is whether the S&P500 will close green or red for the year.
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9 Of The Top 10 U.S. Occupations Pay Miserly Wages
Submitted by Tyler Durden on 12/22/2015 23:38 -0400The 10 largest occupations include retail salespersons and cashiers, food preparation and serving workers, general office clerks, registered nurses, customer service representatives, and waiters and waitresses. That combined group of workers accounted for 21 percent of total U.S. employment in May 2014. Only one - registered nurse - makes more than the national average when it comes to all U.S. jobs.
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Beneath The Market's "Shallow" Surface, An Ugly Picture Emerges
Submitted by Tyler Durden on 12/22/2015 22:22 -0400Do you still believe in market Christmas miracles?
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Seymour Hersh Bombshell: US Military Shared Intelligence With Assad In Defiance Of Obama, CIA
Submitted by Tyler Durden on 12/23/2015 00:15 -0400In a shocking new report, Seymour Hersh reveals what he says was a covert operation run by the Joint Chiefs of Staff who sought to undermine the Obama administration and the CIA's goal of overthrowing the Assad regime in Syria. "If the American public saw the intelligence we were producing daily, at the most sensitive level, they would go ballistic."
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Something Just Snapped In China
Submitted by Tyler Durden on 12/22/2015 23:38 -0400While Sweden is over-flowing with excess cash on bank balance sheets, it appears that banks in Hong Kong are desperate to borrow Yuan (or scared to lend) as overnight HIBOR just exploded higher to 9.45% - a record for the interbank offered rate. The HKD and CNY/CNH FX markets remain relatively stable (with Yuan fixed marginally higher again for the 3rd day). The last time 1-week HIBOR rates spiked like this, US equity markets crashed on Black Monday.
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Christmas 2015: Will Syria & Iraq Become Washington's Stalingrad?
Submitted by Tyler Durden on 12/22/2015 23:35 -0400"I hope I'm wrong but I fear Washington is trying to provoke a war in the Middle East to cover the coming collapse of the Petrodollar system and the American economy when the dollar is no longer the world reserve currency. The war is necessary to blame the coming dollar and debt collapse on Russia and China rather where it belongs on Wall Street, the central banking cartel and Washington political establishment. Remember while a Washington provoked war or conflict is likely to start in the Shia Crescent; it could spread across the Middle East and into Europe."
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How Would World Markets Respond To 4% Chinese GDP Growth? UBS Explains "The Dragon's Tail"
Submitted by Tyler Durden on 12/22/2015 23:10 -0400"The most important channel through which the Dragon's Tail scenario can affect other markets is trade, although financial linkages and market contagion could also have a significant impact on some markets and asset prices."
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Donald Trump Explains What "Schlonged" Really Means
Submitted by Tyler Durden on 12/22/2015 22:48 -0400Once again, #MSM is dishonest. "Schlonged" is not vulgar. When I said Hillary got "schlonged" that meant beaten badly.
— Donald J. Trump (@realDonaldTrump) December 23, 2015
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Economists Confirm Financial Aid Is Inflating Student Loan Bubble
Submitted by Tyler Durden on 12/22/2015 22:45 -0400A paper recently published by the National Bureau of Economic Research confirms that a large percentage of the increase in college tuition can be explained by increases in the amount of available financial aid: "Essentially, [financial aid] lead to higher college costs and more debt, and in the absence of higher labor market returns, more loan default inevitably occurs."
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Foursquare Is Now Twosquare: Latest Tech Bubble Casualty Has Valuation Slashed By 60%
Submitted by Tyler Durden on 12/22/2015 22:18 -0400The latest semi-unicorn to drop like a fly was none other than Foursquare, a company which makes apps that do something that most other apps already do as well if not better. Actually make that Twosquare, or rather Oneandathirdsquare, because according to ReCode, the company is close to finalizing a funding round that will see the company's value plunge to $250 million, almost two-thirds less than the $650 million it was "valued" at two years ago.
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Equity Markets Will Be Increasingly Accident Prone In 2016
Submitted by Tyler Durden on 12/22/2015 21:55 -0400Having anticipated 2015 as the starting point to a turn in volatility for the last two years, BofAML warns that from here on, based on the 'Economics of Volatility framework', they expect to see a rising trend in equity volatility levels, a trend that could last 1-2 years, transporting us from the low volatility regime of the last 3 years towards a sustained high volatility regime.
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The World Economy Explained With Two Cows: New Normal Edition
Submitted by Tyler Durden on 12/22/2015 21:30 -0400'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...
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Orwell's Nightmare Is Here - China Just 'Gamified' Obedience To The State (And Soon It'll Be Mandatory)
Submitted by Tyler Durden on 12/22/2015 21:05 -0400As if further proof were needed Orwell’s dystopia is now upon us, China has now gamified obedience to the State. Going under the innocuous name of ‘Sesame Credit,’ China has created a score for how good a citizen you are,
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Chinese Executive Who Was Once Kidnapped By Angry Investors Disappears
Submitted by Tyler Durden on 12/22/2015 20:40 -0400Back in August, angry investors captured Shan Jiuliang, the head of Fanya Metals Exchange, in a daring predawn raid on a luxury hotel in Shanghai. The citizen's arrest came after Fanya stopped making payments on WMPs it issued. Now, it appears as though Shan has been captured again - only this time, it's not clear whether he'll be coming back.
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Commerce Department Releases Consumer Spending Data Early - Worst YoY Growth Since May 2013
Submitted by Tyler Durden on 12/22/2015 20:43 -0400In yet another government SNAFU, the US commerce department has released spending data prematurely. Instead of tomorrow morning, its website released the data at 1923ET.. and it is not good. Despite a 0.3% rise in November, thanks to downward revisions, the YoY growth in Spending was just 2.9%. May 2013 was the last time YoY growth was weaker than this and corresponds with spending weakness seen in each of the last 3 recessions.
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