This is WAY beyond ‘if you see something, say something.’
- Mario Draghi Is About to Become the World's Market Risk Manager (BBG)
- Five Things to Ask Mario Draghi From Negative Rates to QE (BBG)
- Leaving behind baby and bombs, couple sows panic in California (Reuters)
- Couple's motive in California rampage a mystery for police, family (Reuters)
- In Grim Ritual, Barack Obama Again Calls for Stricter Gun Control After Mass Shooting (WSJ)
- Islamic State Defeat Impossible Without Ground Force, Kerry Says (BBG)
- OPEC States Push for Output Cuts in Face of Saudi Opposition (BBG)
Stocks Jump On Hope For More Central Bank Intervention After Japan's Quintuple Recession, Syrian StrikesSubmitted by Tyler Durden on 11/16/2015 08:03 -0400
As so often happens in these upside down days, was the best thing that could happen to the market, because another economic slowdown means the BOJ, even without sellers of JGBs, will have no choice but to expand its "stimulus" program (the same one that led Japan to its current predicament of course) and buy up if not government bonds, then corporate bonds, more ETFs (of which it already own 50%) and ultimately stocks. Because there is nothing better for the richest asset owners than total economic collapse.
Trump, for all his contradictions, gives voice to the “isolationist” populism that Rubio and his neocon confederates despise, and which is implanted so deeply in the American consciousness. Why us? Why are we paying everybody’s bills? Why are we fighting everybody else’s wars? It’s a bad deal! This is why the neocons hate Trump’s guts even more than they hate Paul.
- Stock futures little changed as Yellen comments awaited (Reuters)
- Draghi stimulus hint underpins stocks, knocks euro (Reuters)
- Black Friday's Losing Its Mojo and Retailers Might Be Relieved (BBG)
- Macy’s Fights Downward Spiral With Bet on Off-Price Backstage Stores (WSJ)
- Greece Comes to a Standstill as Unions Turn Against Tsipras (BBG)
- Euro zone production falls more than expected in September (Reuters)
- Valeant played a key role in building, operating Philidor RX (Reuters)
The number of people abandoning the “greatest country in the world” just hit a record high... Unthinking Americans are puzzled when they read about the increasing number of people renouncing their citizenship, but as one consultant who really gave up his citizenship warned "the U.S. government is placing an increasing number of hurdles on Americans who want to renounce their citizenship. So he thought it was time to do just that."
Iranian Spies Trained By Russia Hack State Department Officials After Arresting Dubai Executive, US ImaginesSubmitted by Tyler Durden on 11/05/2015 15:56 -0400
"He had become increasingly concerned with gas matters"...
America is a nation divided, not only upon the means we should use to attain our ends in the world, but upon the ends themselves.
"We know now just how wrong everybody was....and to the rest of the world: we are done with you. Yes we wronged you but we were driven by vain men who harmed us as well as you. Even the interventions across the globe were nothing more than a way to loot the treasury. In the guise of democracy and freedom we brought war and death. We are sorry. I am sorry."
The uncertainties are awkward, but we’re all trapped in a gigantic mess not of our own making. As Voltaire is believed to have said, doubt may be uncomfortable, but certainty is absurd. Almost as absurd as believing that a tiny group of unelected bankers can read the runes of the global economy and manage the price of money accordingly.
Bernie Sanders’s entry into the presidential race has sparked a nationwide conversation about socialism and its potential to remedy the real and perceived pathologies suffered by Americans. The underlying problem with socialists like Bernie Sanders is that they do not actually believe (or understand) in economics at all. As Ludwig von Mises himself has pointed out, socialism is not an economic theory — it is a theory of redistribution.
"In the nuclear arms race, the acronym was MAD—mutually assured destruction—which kept everything nice and tidy. Here you have the same acronym, but it’s ‘mutually assured doubt,’ because you can never be sure what the attack will be." Fortunately, the US has the most advanced operations and the NSA is "the crown creator of cyberespionage." Which is great. Unless they're spying on you...
California Mayor Forced to Hand Over Electronics and Passwords at Airport, Compares U.S. To Nazi GermanySubmitted by Tyler Durden on 10/06/2015 23:52 -0400
“I think the American people should be extremely concerned about their personal rights and privacy. As I was being searched at the airport, there was a Latino couple to my left, and an Asian couple to my right also being aggressively searched. I briefly had to remind myself that this was not North Korea or Nazi Germany. This is the land of the Free."
Bill Richardson could teach Donald Trump something about the art of the deal. He has done a lot of them. At present Richardson sees one of his deals in jeopardy, and he was in Washington last week to raise the alarm, meeting privately with former colleagues and appearing at a press conference at the National Press Club. The deal in jeopardy involves a commitment he made, when he was secretary of Energy in the Clinton administration, with the Russians to dispose of weapons-grade plutonium, the long-lived ingredient in nuclear weapons.
As Foreign Policy reports, "the new plans, according to the senior defense official, have two tracks. One focuses on what the United States can do as part of NATO if Russia attacks one of NATO’s member states; the other variant considers American action outside the NATO umbrella. Both versions of the updated contingency plans focus on Russian incursions into the Baltics, a scenario seen as the most likely front."