• Tim Knight from...
    12/21/2014 - 09:37
    The five remaining equity bears on Earth are all saying the same thing: "We'll get 'em in 2015." To which I ask: why? What's going to change?

White House

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2014 Year In Review (Part 2): Will 2015 Be The Year It All Comes Tumbling Down?





Despite the authorities' best efforts to keep everything orderly, we know how this global Game of Geopolitical Tetris ends: "Players lose a typical game of Tetris when they can no longer keep up with the increasing speed, and the Tetriminos stack up to the top of the playing field. This is commonly referred to as topping out."

"I’m tired of being outraged!"

 
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Watch As NYPD Officers Turn Their Backs On NYC Mayor Bill de Blasio





The following clip, proving beyond a shadow of a doubt the very real war that is raging between the NYC mayor's office and the city's police department, has to be seen to be believed.

 
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Frontrunning: December 19





  • Icahn, Paulson Suffer Large Losses as Energy-Related Bets Sour (WSJ)
  • Oil Investors Keep Betting Wrong on When Market Will Bottom (BBG)
  • U.S. to sell final $1.25 billion shares of Ally Financial from bailout (Reuters)
  • Ally Financial Gets Subpoena Related to Subprime Automotive Finance (WSJ)
  • Russia's parliament rushes through bill boosting banking capital (Reuters)
  • How a Memo Cost Big Banks $37 Billion (WSJ)
  • ECB considers making weaker euro zone states bear more quantitative easing risk (Reuters)
  • How the U.S. Could Retaliate Against North Korea (BBG)
 
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"It's A Huge Crisis" - The UK Oil Industry Is "Close To Collapse"





With great delight we present the latest blowback from Obama's "brilliant" strategy to cripple Putin: in addition to the default wave about to crush America's own shale industry, America's biggest foreign ally and military partner when it comes to "ideologically pure missions of liberation" - the UK, and specifically its North Sea oil industry which according to the BBC is in a "crisis" and according to Robin Allan, chairman of the independent explorers' association Brindex, the industry was "close to collapse".  "It's almost impossible to make money at these oil prices", said a director of Premier Oil. "It's a huge crisis. It's close to collapse. In terms of new investments - there will be none, everyone is retreating, people are being laid off at most companies this week and in the coming weeks. Budgets for 2015 are being cut by everyone."

 
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United States Of Newspeak – Obama Spins Executive Orders As "Presidential Memoranda" To Avoid Scrutiny





If there’s one thing we have learned about Barack Obama, it’s that he is a master of deception and absolutely loves to lie to the public. He seems to enjoy conning the plebs to such a degree, I think he actually receives blasts of dopamine every time he does it. The bigger the lie, the better the rush: "President Obama has issued a form of executive action known as the presidential memorandum more often than any other president in history — using it to take unilateral action even as he has signed fewer executive orders. Like executive orders, presidential memoranda don’t require action by Congress. They have the same force of law as executive orders and often have consequences just as far-reaching. And some of the most significant actions of the Obama presidency have come not by executive order but by presidential memoranda."

 
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World Awaits Russian Response As Obama Makes "Lethal Aid" To Ukraine Legal





As we explained previously, quietly hidden within the humanitarian-sounding "The Ukraine Freedom Support Act of 2014", under the premise of enabling further sanctions on Russia, is the provision of "lethal aid" to Ukraine. Today, President Obama signed it into law...

*OBAMA SIGNED RUSSIAN SANCTIONS BILL TODAY, but SAYS HE DOESN'T PLAN TO IMPOSE SANCTIONS UNDER NEW LAW

Because he knows full well that is not the important part. The "lethal-aid" aspect is a direct provocation to Russia.. and he knows exactly how Putin will respond.

 
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White House Confirms Sony Hack Is "National Security" Matter, Merits "Approporiate Response"





Absent YouTube clips of young North Korean hackers actually attacking Sony, the Obama administration appears to have made up its unequivocal mind that they are responsible... (even as they say the Sony hack origin is still under investigation) and now...

*SONY HACK BEING TREATED AS NATIONAL SECURITY MATTER: EARNEST
*EARNEST SAYS SONY HACKING MERITS 'APPROPRIATE RESPONSE'

The White House spokesman added that daily meetings are being held on the attack. We wonder just how soon it will be before the Nobel Peace Prize winner decides it's time to take 'action'.

 
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ObamaCar: Automobile Insurance Subsidized Hope Act





"My name is Jasmine and I support President Obama's move to give affordable auto insurance for everyone."

 
Tyler Durden's picture

Socialist On The Line Caption Contest





A busy day for The White House phone lines... If Cuba is "good" socialism and Venezuela is "bad" socialism, what does that make America?

 
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The End Of Exuberance?





"Back in the halcyon days of summer, it seemed nothing could go wrong; but now, ...the uncertainties presently being generated have the potential to undermine two crucial kinds of trust – that one must have in the merits of one’s own exposure and that equally critical faith in the reliability of one’s counterparties. If it does, the third great bull run of the 20-year age of Irrational Exuberance could well reach its culmination, after a rally of almost exactly the same magnitude as and of similar duration to the one which ushered it in, all those years ago."

 
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President Obama "Normalizes" Relations With Cuba, Opens Diplomatic Channels; USAID Chief Resigns - Live Feed





“It is clear that decades of U.S. isolation of Cuba have failed to accomplish our enduring objective of promoting the emergence of a democratic, prosperous, and stable Cuba,” White House says in statement. So sanctions don't work?

Rajiv Shah, the administrator for the U.S. Agency for International Development, oversaw secret US programs aimed at regime change in Cuba, abruptly resigned on Wednesday after US and Cuba announced plans to normalize relations and exchange prisoners.

 
Tyler Durden's picture

Obama To Sign Off On Lethal US Aid To Ukraine By End Of Week, Russian Response To Follow





Moments ago we got confirmation that the epic collapse in the USDRUB is just a jovial preview of the main event. To wit:

OBAMA DOES INTEND TO SIGN RUSSIAN SANCTIONS LEGISLATION:EARNEST
OBAMA LIKELY TO SIGN SANCTIONS BILL BEFORE END OF WEEK: EARNEST

And with that, US "lethal aid" will shortly begin arriving in Kiev, which in turn will be just the pretext needed by Sergey Lavrov and the Kremlin to escalate the recent events in Russia as a direct attack by the West, and to demand retaliation against a US president who "does not reason" as the Russian media will appeal to the population, and as a result Russian tanks may have no choice but to enter the separatist territories in East Ukraine.

 
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Russia Warns May Send Troops To Ukraine After Congress Unanimously Votes To Give Lethal Aid To Kiev





While the market, and America's media, was focusing over the passage of the Cromnibus, and whether Wall Street would dump a few hundred trillion in derivatives on the laps of US taxpayers once again (it did), quietly and unanimously both houses passed The Ukraine Freedom Support Act of 2014, which authorizes providing lethal assistance to Ukraine’s military as well as sweeping sanctions on Russia’s energy sector. And as has happened for the entire duration of the second Cold War, any action by the US was promptly met with a just as provocative reaction by Russia. In this case, a leftist member of the Russian Duma said the US Senate’s decision to arm the Kiev regime should prompt ‘adequate measures’ from Russia, such as deploying military force on Ukrainian territory before the threat becomes too high. "It is quite possible that we should return to the decision by our Upper House and give the Russian president an opportunity to use military force on Ukrainian territory preemptively. We should not wait until Ukraine is armed and becomes really dangerous."

 
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Senate Passes The Cromnibus: Here Is Who Voted "No" And What It Actually Contains





Following the passage of the Crominbus on Thursday night in a last minute "nailbiter" when the Federal spending bill got just one vote more than the required majority, it was off to the Senate. And late last night, proving that the Senate can work on weekends when a piece of Citigroup-penned legislation is on the table, in a 56-40 vote (21 democrats, 18 republicans, 1 independent voting No), the Senate joined the House in voting itself $1.1 trillion for the next 9 months, with the bill now heading for the final signature: Obama's. There is some argument whether the executive will join the legislative in confirming the US government is now (and always has been) merely a pupet of Wall Street, although we expect all it will take Jamie Dimon is just one more phone call of "encouragement" to Obama to make sure Wall Street's will is done in the White House.

 
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Thousands Of Protesters Swarm Washington, NYC: "Don't Expect To See Obama Here, Black Issues Don't Matter To Him"





Those planning on visiting (or merely driving around) Washington or New York City today may want to consider a plan B. As Reuters reports, "thousands of demonstrators were expected in Washington and New York on Saturday to protest the killings of unarmed black men by U.S. police and to urge Congress to protect citizens. Organizers said the protests would be among the largest over police tactics and the killings of black males by officers in New York, Cleveland and Ferguson, Missouri. “It’s open season on black people now,” New York march co-organizer Umaara Elliott said in a statement. “So we demand that action be taken at every level of government to ensure that these racist killings by the police cease.”

 
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