While the saying goes "good fences make good neighbors," it appears the leadership of The EU is starting to get frustrated with the lack of acquiescence among some of the 'union's' newer or more marginal members. In a somewhat stunning statement, following ongoing and contentious meetings to discuss solutions to the migrant 'problem', EU Commissioner Timmermanns appeared to warn disagreeable member states, "There is an alternative to everything. I believe in EU cooperation because of all other forms in history have been tried to help Europeans get on better, and with the exception of this one, all other forms have led to war - so let's stick to this one."
"The Bernank" Exposes The Fed's Next 'Stimulus' Plan
Personally handing out money to each "deserving" citizen...
Albert Edwards Explains Why The "Global Economy Will Be Thrown Into Chaos"
"It is already too late. Having delayed way beyond the point when it might typically have raised rates in previous cycles, it has allowed an Orc-like monster to incubate, hatch and emerge into the sunlight, snarling and ready to do battle."
What Happens When The "Ultimatum Game" Stakes Are Really High
Submitted by Tyler Durden on 11/13/2015 - 13:43 The Ultimatum Game is a unique window into how humans actually make economic decisions and it is a distinctly opaque aperture. The best we can probably do is to accept that context plays a far larger role in economics than classical models would suggest. And don’t stare at someone or make angry faces if you want them to work with you.
The European Union Is Disintegrating: Austria Builds New Fence; Germany, Sweden Resume Border Checks
Submitted by Tyler Durden on 11/13/2015 - 13:20 In the latest from Europe's border battles, Austria has responded to Slovenia by building its own version of an anti-migrant fence while Sweden has began checking trains coming from Denmark and removing anyone without the proper papers. Saving Schengen truly is a "race against time."
Crude Slips As US Oil Rig Count Rises For First Time In 3 Months
Submitted by Tyler Durden on 11/13/2015 - 13:08 The US Oil Rig Count rose 2 to 574 last week. This is the first rise in rig count since mid August, continuing to track the lagged crude price. On top of rising production, surging inventories, and massive excess supply at sea, Crude is fading modestly on the news, hovering around $40.50.
If We Don't Change The Way Money Is Created and Distributed, Inequality Will Trigger Social Disorder
Submitted by Tyler Durden on 11/13/2015 - 13:00 Centrally issued money optimizes inequality, monopoly, cronyism, stagnation, low social mobility and systemic instability.
Is The Fed About To Become "Weather Dependent?" Goldman Says El Nino To Boost Winter Growth
There's been no shortage of discussion about the weather among economists this year as "snow in the winter" took the blame for a bevy of bad data in H1 while summer is Citi's new scapgoat for any weakness in August and September payrolls. Meanwhile, unseasonably mild temps took the fall for poor October retail sales and now, going into the winter, it's all about El Nino.
Is Today's Market As Easy As '123' Again?
It's not supposed to be that easy...
The 'Fed-Calmed' Canaries In The Coalmine Are Once Again Keeling Over
Submitted by Tyler Durden on 11/13/2015 - 12:20 While the U.S. equity markets, until the last few days, seemed unconcerned about the prospects of the rate hike, the so called canaries in the coal mine are once again sending troubling signals, as the consequences of a reversal of Fed policy after 7 years of crisis management are significant, and the stresses are amplified as policy change looks likely to occur while most other central banks are taking the opposite monetary policy tact.
"We Arrested Some Folks" - How China "Fixed" Its Stock Market
Submitted by Tyler Durden on 11/13/2015 - 12:01 “The authorities have arrested a lot of people, but we still don’t have a clear picture regarding the real reasons behind it. Sometimes we just tell ourselves that we don’t really need to know the truth, as long as the market goes up.”
In Duel With Valeant, Ackman; Is Judge David Carter The "New Jed Rakoff?"
Submitted by Tyler Durden on 11/13/2015 - 11:24 In his rejection of an SEC settlement with Citigroup, Judge Jed Rakoff vowed to "see that the truth emerges." After presiding over the most high-profile insider trading cases since the crisis -- including Raj Rajaratnam and Rajit Gupta -- Judge Rakoff has come to symbolize the mantra that "nobody is above the law." In determining that Valeant and hedge fund manager Bill Ackman must face insider trading charges for their failed takeover of Allergan, U.S. District Judge David Carter may be the "new Rakoff."
Dead Blue Canary Bounce Dies - Twitter Tumbles Back Below IPO Price
It appears "Likes" just were not innovative enough after all...
Brazil Currency Drops As President Agrees To Replace Embattled Finance Minister
"Joaquim Levy’s departure is certain"...
The Bubble Finance Cycle - What Our Keynesian School Marm Doesn’t Get
Submitted by Tyler Durden on 11/13/2015 - 10:31 The world of Bubble Finance economies created by the Fed and other central banks is fundamentally different than that prevailing under the “Lite Touch” monetary policies which preceded the Greenspan era. The problem today is that the PhDs running the Fed have an economic model which is a relic of the Lite Touch era. It is not only utterly irrelevant in today’s casino driven system, but is actually tantamount to a blindfold. It causes them to look at a dashboard full of lagging indicators like jobs and GDP components, while ignoring the explosive leading indicators starring them in the face on CNBC. The clueless inhabitants of the Eccles Building do not recognize that they have created a world in which Wall Street supersedes main street.
"Deflationary Mindset" Remains As UMich Survey Shows Inflation Outlook At 35 Year Lows
Time to hike rates then?
Retail Stocks Are Crashing At The Fastest Pace In Over 4 Years
Submitted by Tyler Durden on 11/13/2015 - 09:59 The S&P Retail Sector ETF is down almost 9% in the last 8 days. That is the fastest collapse in this bellwether industry since August 2011... and it may be about to get a lot worse...
GOP Hits 'Romney' Panic Button: Establishment Fears "Nominating Someone Unfit To Be President"
Submitted by Tyler Durden on 11/13/2015 - 14:10 “We’re potentially careening down this road of nominating somebody who frankly isn’t fit to be president in terms of the basic ability and temperament to do the job,” this strategist said. “It’s not just that it could be somebody Hillary could destroy electorally, but what if Hillary hits a banana peel and this person becomes president?”
The $3-billion loan Russia provided to Ukraine in December of 2013 will mature in a month and a half. Kiev has made the decision to overlook what it owes to Russia. Such daring, or perhaps it should be called audacity, can be explained by the fact that the Ukrainian government senses that it has the support of Washington. And the US is even working to get Kiev’s financial chicanery blessed by the IMF.
According to the National Bank of Ukraine, that country’s international reserves now amount to about $13 billion. Kiev has the ability to pay – just not the desire. But even if Kiev did not have that $13 billion, it could get the $3 billion it needs to pay Moscow, from that very same IMF. As long as Ukraine is not in full-fledged default, the IMF can send Kiev the next scheduled tranche of its bailout loan under the current agreement that was signed in the spring of 2015. The fact that this option is not being discussed shows once again that Washington is not looking for a simple solution. It needs to muddy the waters as much as possible.
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from GregoryMannarino:
by Daisy Luther, The Organic Prepper:
When you first start prepping you want everything RIGHT NOW. You look around your home and see nothing but shortcomings. You don’t have enough food, you don’t have a woodstove, you have no secondary water source…that’s it. You and your family are doomed.
You feel a panicked urgency because you’ve learned just enough to know that you are NOT prepared.You know that there are all sorts of supplies that you need, but if you’re like most of us, you’re on a budget. Very few of us can afford to buy everything we need all at once.
Stop panicking. Take a deep breath. You can devote yourself to getting prepared without breaking the bank.
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When you first start prepping you want everything RIGHT NOW. You look around your home and see nothing but shortcomings. You don’t have enough food, you don’t have a woodstove, you have no secondary water source…that’s it. You and your family are doomed.
You feel a panicked urgency because you’ve learned just enough to know that you are NOT prepared.You know that there are all sorts of supplies that you need, but if you’re like most of us, you’re on a budget. Very few of us can afford to buy everything we need all at once.
Stop panicking. Take a deep breath. You can devote yourself to getting prepared without breaking the bank.
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from The Sleuth Journal:
A few weeks ago I read an email from a reader that made me sad. In it, she said that given her daughter’s reliance on insulin, she had come to terms with the fact that in a true SHTF scenario, her daughter would die. Those of you that have read William Forstchen’s book, One Second After may recall that the main character’s daughter was a diabetic and died because of a lack of insulin.
I really had no words of wisdom to pass on to this reader. I am, after all, not a healthcare or medical professional. On the other hand, I did know that Backdoor Survival featured contributor Joe Alton, a medical doctor, has written extensively about diabetes in a survival situation. When I reached out to him for advice, he graciously agreed to address this topic in a newly refreshed article just for us.
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A few weeks ago I read an email from a reader that made me sad. In it, she said that given her daughter’s reliance on insulin, she had come to terms with the fact that in a true SHTF scenario, her daughter would die. Those of you that have read William Forstchen’s book, One Second After may recall that the main character’s daughter was a diabetic and died because of a lack of insulin.
I really had no words of wisdom to pass on to this reader. I am, after all, not a healthcare or medical professional. On the other hand, I did know that Backdoor Survival featured contributor Joe Alton, a medical doctor, has written extensively about diabetes in a survival situation. When I reached out to him for advice, he graciously agreed to address this topic in a newly refreshed article just for us.
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from Casey Research:
Saudi Arabia is sliding toward a crisis…
As you likely know, the price of oil has crashed since last summer. In June 2014, oil peaked at over $106/barrel. Today, oil trades at just $44…good for a 58% decline.
The oil crash has crushed oil stocks. Exxon Mobile Corporation (XOM), America’s largest oil company, has dropped 19% since July 2014. Chevron Corporation (CVX), America’s second-largest oil company, has dropped 29% over the same period. The SPDR® S&P® Oil & Gas Exploration & Production ETF (XOP), which tracks the performance of the largest U.S. energy companies, has fallen 35% in just the past year.
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Saudi Arabia is sliding toward a crisis…
As you likely know, the price of oil has crashed since last summer. In June 2014, oil peaked at over $106/barrel. Today, oil trades at just $44…good for a 58% decline.
The oil crash has crushed oil stocks. Exxon Mobile Corporation (XOM), America’s largest oil company, has dropped 19% since July 2014. Chevron Corporation (CVX), America’s second-largest oil company, has dropped 29% over the same period. The SPDR® S&P® Oil & Gas Exploration & Production ETF (XOP), which tracks the performance of the largest U.S. energy companies, has fallen 35% in just the past year.
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from Western Journalism:
The FBI is expanding the parameters of its probe into Hillary Clinton’s emails.
Fox News reported on Thursday that “agents are looking at U.S. Code 18, Section 1001, which pertains to ‘materially false’ statements given [by government employees] either in writing, orally or through a third party. Violations also include pressuring a third party to conspire in a cover-up. Each felony violation is subject to five years in prison.”
“The agents involved are under a lot of pressure and are busting a–,” an intelligence source, who was not authorized to speak on the record, told Fox News.
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The FBI is expanding the parameters of its probe into Hillary Clinton’s emails.
Fox News reported on Thursday that “agents are looking at U.S. Code 18, Section 1001, which pertains to ‘materially false’ statements given [by government employees] either in writing, orally or through a third party. Violations also include pressuring a third party to conspire in a cover-up. Each felony violation is subject to five years in prison.”
“The agents involved are under a lot of pressure and are busting a–,” an intelligence source, who was not authorized to speak on the record, told Fox News.
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