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Kyle Bass Suffers "Worst Year In The Last Ten", Reveals His Best Investment For The Next "3-5 Years"

Iin an interview to be aired tomorrow on Wall Street Week, Hayman Capital's Kyle Bass says that "this has been one of the worst years in the last ten"as a result of his dogmatic views on energy prices. And yet, instead of backing out the Texan is doubling down: "If you are going to allocate capital for the next three to five years, you should do it now" into the energy space over the next 6 months. Will he be right this time? Find out in 12 months.

Obama To Unveil "Multiple Gun Control" Executive Actions Next Week

The president has directed administration officials to explore any steps he could take on guns without lawmakers’ help, and he said in his weekly address that he would sit down with Ms. Lynch on Monday “to discuss our options.” Once he has Lynch's "blessing", the WSJ adds that Obama "could lay out multiple executive actions as soon as next week, and administration officials have confirmed that recommendations for the president are nearing completion."

2015 Greatest Hits: Presenting The Most Popular Posts Of The Past Year

The seventh anniversary of Zero Hedge is just around the corner, and so, for the seventh year in a row we continue our tradition of summarizing what our readers found to be the most relevant, exciting, and actionable news of the year, determined by the number of page views. We bring you the articles that you, dear reader, found to be the most interesting in the past 365 days.

Government Propagandist-In-Chief Condemns Political Incorrectness As "The Furthest Thing From Brave"

Some have called Cass Sunstein "America's Goebbels" since he sugggested that the government "formally hire credible private parties to engage in counterspeech," and was engaged by President Obama as 'Information Tzar'. So today's op-ed from the government's propagandist-in-chief, condemning those who choose to push back against political correctness, should be read with a Bernaysian perspective as Sunstein attempts to delegitimize any and every effort to argue against the government's view of the world.

The Uncomfortable Truth About The Great Boom And This "Recovery"

Despite such endless financial engineering, sales for the S&P 500 have been declining for the last three quarters. And profits have declined for the first time since the 2009 expansion. Simply put: The recovery is a mirage... It isn’t real... And it isn’t sustainable.

The Oligarch Tax Bracket: How The Tax Rate For The Wealthiest 400 Americans Plunged From 27% To 17%

Operating largely out of public view - in tax court, through arcane legislative provisions and in private negotiations with the Internal Revenue Service - the wealthy have used their influence to steadily whittle away at the government’s ability to tax them. The effect has been to create a kind of private tax system, catering to only several thousand Americans. This is precisely what Obama will be remembered for by history, bailing out and protecting the 0.01%, at the expense of everyone else.

Not "Buying" The Santa Rally: In Week When S&P Rose 2.8%, The Smart Money Sold (Again)

"Last week, during which the S&P 500 rallied 2.8%, BofAML clients were net sellers of US stocks for the second week, in the amount of $0.7bn. (Globally, our colleagues who track EPFR flow data have noted flows out of the US but into Europe and Japan in recent weeks). Net sales were chiefly due to institutional clients last week, who have sold stocks for eight consecutive weeks. Buybacks by corporate clients decelerated vs. the prior week, and YTD are tracking over $40bn, below last year’s record $45bn." So the smart money was selling, companies were not buying back, and stocks rallied nearly 3%.

Sweden's First Month Of 'Islamic Multiculturalism' - Rapes, Acquittals, & Severed Heads

Some 30 Muslim men thought that the woman was in violation of Islamic sharia law, by being in Sweden unaccompanied by a man. They thought that she should therefore be raped and her teenage son killed. At first, the woman did not want to call the police. "She felt sorry for him [the rapist] ... and was afraid he would be deported back to Iraq." Two Swedish citizens were convicted by a Gothenburg Court of joining an Islamist terror group in Syria and murdering two captives. Video evidence showed one victim being beheaded. One week after Sweden raised its terror alert level to the highest ever, the police raised another alarm -- saying their weapons are simply not good enough to prevent a potential terror attack.

This May Be The Greatest "Explanation" Ever For Cooking The Company's Books

"... On 12 December 2015, the Company was notified by the local public security bureau that the Truck was found but not the Lost Documents. As at the date of this announcement, although the possibility of finding the Lost Documents is not high, the Group has nonetheless deployed all possible resources in search of the Lost Documents."