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58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe

The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. So don’t be fooled by all the happy talk coming from Barack Obama and the mainstream media.  When you look at the cold, hard numbers, they tell a completely different story.  The following are 58 facts about the U.S. economy from 2015 that are almost too crazy to believe...

Frontrunning: December 23

  • Oil up after U.S. crude stocks drop, still close to 11-year lows (Reuters)
  • Global Stocks Rally; Mining, Metals Shares Lead Gains (WSJ)
  • OPEC Sees Demand for Its Crude Oil Falling for Rest of Decade (BBG)
  • The Trouble With Sovereign-Wealth Funds (WSJ)
  • U.S. Calls for 256% Tariff on Imports of Steel From China (BBG)
  • Iraqi troops expected to drive ISIS from Ramadi in days (Reuters)

NYC Has Received A "Credible Threat" Days Ahead Of Christmas, PIX11 Reports

Update: just minutes after the WPIX report, the WNBC chief investigative reporter Jonathan Dienst said that there is no new specific threat to New York City.

A “credible threat” has been lodged against New York City, days ahead of Christmas and during an especially busy time of the year when tourists flock to the Big Apple, law enforcement sources told PIX11 News Tuesday.

Frontrunning: December 21

  • Splintered Spanish vote points to fraught coalition talks (Reuters)
  • Brent Oil Falls to 11-Year Low in London as Global Glut Persists (BBG)
  • Oil prices hit lowest since 2004 as supply balloons (Reuters)
  • U.S. Probes Theranos Complaints (WSJ)
  • Driver plows onto Las Vegas Strip sidewalk 'like bowling ball', one dead (Reuters)
  • Yellen, Bull Markets and Extinction in a Seven-Year Stock Rally (BBG)

You Want War? Russia Is Ready For War

Since mid-2014 the Pentagon has run all manner of war games – as many as 16 times, under different scenarios – pitting NATO against Russia. All scenarios were favorable to NATO. All simulations yielded the same victor: Russia. And that’s why Erdogan’s erratic behavior actually terrifies quite a few real players from Washington to Brussels.

Obama's Vendetta With Gun Makers Gets Personal: Smith & Wesson Shares Plunge After Call For SEC Investigation

As it turns out, Obama is not a fan of efficient market irony and instead of letting the chips on gun control fall where they may especially if it means record stock prices for the shareholders of SWHC and RGR, the president has decided to take his vendetta with US gun makers to the next level and as the NYT reported overnight, "the New York City public advocate on Monday asked federal regulators to investigate whether the gun manufacturer Smith & Wesson had made adequate disclosures in its financial statements."

"Credible" Threat That Closed LA Schools Was "Hoax", NYC Says

Update: NYC GOT SAME THREAT THAT CLOSED LA SCHOOLS, DETERMINED HOAX: AP

Los Angeles police confirmed that all Los Angeles Unified School District (LAUSD) schools are closed Tuesday as police investigate what The LA Times reports as a bomb threat was called into a LAUSD board member. LAUSD is the nation's 2nd largest district. The LAUSD superintendent said  "I am not going to take a chance when it comes to the lives of students," stating that the threat was made to many schools, involved packages and backpacks, and says he wants every school is system searched. L.A. police chief says threat still being analyzed, FBI has been notified.

Frontrunning: December 15

  • Global stocks rise but oil, Fed keep investors nervous (Reuters)
  • Janet Yellen: An orthodox economist for unorthodox times (Reuters)
  • House Democrats Said to Be Open to Lifting Oil Export Ban (BBG)
  • Don't Count on an Oil Rally If U.S. Crude Export Ban Is Lifted (BBG)
  • Germany welcomes 34-state Islamic military alliance against terrorism (Reuters)
  • U.S. soldier Bergdahl may face life sentence in court-martial over desertion (Reuters)

Previewing Obama's 8:00 PM Speech On Gun Control

"What you're going to hear from him is a discussion about what government is doing to ensure all of our highest priority — the protection of the American people," the US attorney general said. Lynch's staff later confirmed that the president will specifically call on Congress to review certain gun control measures. And since Congress has long ago given up on taking action in a world in which the Fed's Chairman/woman is expected to "get to work", it will again be up to an Obama executive order to restore peace to the land by continuing his crusade against the Second amendment.

Cuomo Sends Investigators After Blackout Forces Shutdown Of Nuclear Reactor Near NYC

Almost 2 years after being fined for falsifying safety records, and 7 months after a transformer exploded at the Indian Point Nuclear Reactor (just 30 miles from midtown Manhattan), Entergy - the plant's operator - has 'safely' shutdown the Unit 2 reactor due to a major outage cut power  to several control rods. Despite the company's reports that no radioactivity was released to the environment, NY Governor Cuomo has sent investigators to the site to 'monitor' the situation.

Democratic New York State Sheriff Urges Citizens To Carry Guns In Mass Shooting Aftermath

A democratic sheriff from New York State's Ulster Country, Paul Van Blarcum, asked residents in his county to carry their legal guns in the wake of a mass shooting in California that has reignited a national conversation about gun control. "In light of recent events that have occurred in the United States and around the world I want to encourage citizens of Ulster County who are licensed to carry a firearm to PLEASE DO SO," Ulster County Sheriff Paul J. Van Blarcum wrote on Facebook Thursday. "I urge you to responsibly take advantage of your legal right to carry a firearm."

The 'Goldilocks' Warning

The problem of suggesting that we have once again evolved into a "Goldilocks economy" is that such an environment of slower growth is not conducive to supporting corporate profit growth at a level to justify high valuations. Such a backdrop becomes particularly problematic when the Federal Reserve begins to raise interest rates which removes one of the fundamental underpinnings of an overvalued market which was low interest rates. Ultimately, higher interest rates, particulalry in an economy with a deteriorating economic backdrop, becomes the pin that "pops the bubble."  It is true that the bears didn't eat Goldilocks at the end of the story...but then again, there never was a sequel either.