If 2015 was the year in which no investment strategy worked, 2016 is looking like the year in which all economic policies fail.
"Lately, I must admit that my hostility towards your political ilk has ramped up, pretty dramatically...Everything that modern liberalism accomplishes is accomplished at the barrel of a government rifle...What angers me the most about you is the eagerness with which you allow the incremental enslavement to occur. I have the utmost respect for a slave who is continuously seeking a path to freedom. What I cannot stomach is a free man who is continuous seeking a path to servitude by willingly trading his freedom for the false sense of security that government will provide."
To delve into Daesh’s convoluted money trail, one must first explore its equally convoluted origins. And in both areas, the role of the U.S. and its allies can not be ignored.
Wall Street forecasts for 2015 were largely wrong across the board. Now we have no problem with anybody being wrong, but wwhat we do take issue with is that Wall Street largely insisted on staying wrong even though the facts were changing in 2015. The only thing that really changed was the narrative, i.e. “well if earnings are down so what then markets go up because fund managers have to chase performance”. And hence you end up with overly optimistic forecasts not based on reality. But Wall Street is in the business of selling supply to the public. If there was one key trading lesson to draw from 2015 it is this: Ignore the noise and focus on the technicals.
On The Trail Of Dubai's Stolen Gold: A Robbed Client Breaks The Silence, And A Fascinating Detail EmergesSubmitted by Tyler Durden on 01/02/2016 16:23 -0500
The deeper we dig into the story of Dubai's vaporized gold, the more skeletons just tumble out of the closet on what may be the world's biggest gold smuggling ring ever, one involving not just Turkey and Iran, but the mother of all gold smuggling: China itself...
To Protect Nuclear Weapons Program, Government Hired Top Propagandist to Create Myth that Fluoride Is "Safe and Effective"
Kyle Bass Suffers "Worst Year In The Last Ten", Reveals His Best Investment For The Next "3-5 Years"Submitted by Tyler Durden on 01/02/2016 12:52 -0500
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.
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."
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.
Bill Clinton Made $8 Million From Speeches To Companies With Matters Pending Before Hillary's State DeptSubmitted by Tyler Durden on 12/31/2015 15:11 -0500
As WSJ reports, "more than two dozen companies and groups and one foreign government paid former President Bill Clinton a total of more than $8 million to give speeches around the time they also had matters before Mrs. Clinton’s State Department."
Any serious reform has to start with the dissolution of the existing political parties and the Federal Reserve. Anything less is self-serving, pandering fantasy.
Government Propagandist-In-Chief Condemns Political Incorrectness As "The Furthest Thing From Brave"Submitted by Tyler Durden on 12/31/2015 11:42 -0500
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.
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.
America is being destroyed by problems that are unaddressed. Unbridled greed, short-term in nature, will continue to drive America into the ground.
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.