Because when your year-end bonus depends on you not seeing it coming, you don't.
This Is How The Credit Crisis Spreads To Stocks
Submitted by Tyler Durden on 12/14/2015 - 15:50 "Yeah but it's junk credit... who cares! I am invested in solid megacaps and even solider FANGs - what can go wrong?" Well, this...
Paper Money Versus The Gold Standard
Submitted by Tyler Durden on 12/14/2015 - 18:00 We are living in a time that can only be considered monetary chaos. The media and the policy pundits may focus on the day-to-day zigs and zags of central bank monetary and interest rate policy, but what really needs to be asked is whether or not we should continue to leave monetary and banking policy in the discretionary hands of central banks and the monetary central planners who manage them.
Prominent Tennessee Senator Fails To Disclose Millions In Hedge Fund, Real Estate Investments
Submitted by Tyler Durden on 12/14/2015 - 17:30 Tennessee Senator Bob Corker may have forgotten to disclose a few things. Like millions in hedge fund investments. And millions in real estate investments. And millions in "other" investments. He's "extremely disappointed" in someone, although it wasn't immediately clear if it was himself.Credit Carnage & Contagion Sparks Panic... Buying Of Stocks
Submitted by Tyler Durden on 12/14/2015 - 17:05
by Mike Adams, Natural News:
The brain-dead leftist media isn’t really in the news business anymore. It’s actually in the business of zombie control… with the zombies being, of course, the leftist libtard obedient propaganda swallowers who are easily fooled by sleight-of-hand trickery being paraded as science. (Then again, there are also CONtards on the right who are easily fooled by fraudulent “GMO science,” so the criticism deserves to be equally distributed across the political establishment…)
If you’ve ever has the misfortune of listening to the libtard leftist media, you’ve probably heard the claim — repeated like a mantra chant to Gaia — that “97% of scientists believe in man-made climate change” (or some similar paraphrased version of this fraudulent claim).
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The brain-dead leftist media isn’t really in the news business anymore. It’s actually in the business of zombie control… with the zombies being, of course, the leftist libtard obedient propaganda swallowers who are easily fooled by sleight-of-hand trickery being paraded as science. (Then again, there are also CONtards on the right who are easily fooled by fraudulent “GMO science,” so the criticism deserves to be equally distributed across the political establishment…)
If you’ve ever has the misfortune of listening to the libtard leftist media, you’ve probably heard the claim — repeated like a mantra chant to Gaia — that “97% of scientists believe in man-made climate change” (or some similar paraphrased version of this fraudulent claim).
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Fed-pocalypse Now?
Submitted by Tyler Durden on 12/14/2015 - 17:00 Everybody can see Janet Yellen standing naked in that corner - more like a box canyon - and it’s not a pretty sight. But the mundane truth probably is that events have finally caught up with the structural distortions of a financial world running on illusion. To everything there is a season, turn, turn, turn, and economic winter is finally upon us. All the world ‘round, people borrowed too much to buy stuff and now they’re all borrowed out and stuffed up. Welcome to the successor to the global economy: the yard sale economy, with all the previously-bought stuff going back into circulation on its way to the dump.
Get High Or Else!
Submitted by Tyler Durden on 12/14/2015 - 15:35 With 75% of NYSE stocks now below the 200MA, and afterr reviewing dozens of charts this weekend, one message permeates the landscape: Markets need new highs or else. Why? Because every structural chart points to a repeat of previous major tops.Did Goldman Just Do It Again?
Submitted by Tyler Durden on 12/14/2015 - 15:28
Is VIX Heading Back To 40 This Week?
Submitted by Tyler Durden on 12/14/2015 - 15:20 For the first time since August 2008, high-yield bond 'VIX' is greater than US equity 'VIX'. The 1-month implied vol of HYG has surged over 21 - its highest since October 2011. The last time credit's volatility surged above stocks like this, VIX quickly accelerated well beyond 40, pricing in the increased business risk. Furthemore, just as we saw in July/August, the cost of protecting equity markets is beginning to accelerate up to the surging cost of protecting credit markets. Both credit levels and risk suggest VIX is going notably higher.
Trannies Trounced To 20-Month Lows, Enter Bear Market
Submitted by Tyler Durden on 12/14/2015 - 15:10 Dow Transports have been weak all year. Down 18.3% year-to-date, Trannies are set to close lower for a 4th straight quarter for the first time since 1994. Today's plunge broke below the August crash lows and pushed the index into bear market territory...from Mark Dice:
from TheNextNewsNetwork:
by Dave Kranzler, Investment Research Dynamics:
As reported in Zerohedge today, JP Morgan has cut its estimates for Apple’s iPhone sales for Q1 2016 by 10%. JPM also believes that its Q1 estimates may be too high:
November sales signal signs of early weakness of Phone 6S cycle…1Q16 bears potential downside risks, while 2Q16 Street estimates seem unrealistic: Although the Street has lowered its expectations on the Apple supply chain, we still see downside risk to 1Q16 consensus numbers of 50-55mn units. TSMC saw 10% order cuts in November, which we believe is from Apple business with the impact during the end of 1Q16 or early 2Q. – JPM analyst comments sourced from Zerohedge
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As reported in Zerohedge today, JP Morgan has cut its estimates for Apple’s iPhone sales for Q1 2016 by 10%. JPM also believes that its Q1 estimates may be too high:
November sales signal signs of early weakness of Phone 6S cycle…1Q16 bears potential downside risks, while 2Q16 Street estimates seem unrealistic: Although the Street has lowered its expectations on the Apple supply chain, we still see downside risk to 1Q16 consensus numbers of 50-55mn units. TSMC saw 10% order cuts in November, which we believe is from Apple business with the impact during the end of 1Q16 or early 2Q. – JPM analyst comments sourced from Zerohedge
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by Andy Hoffman, Miles Franklin:
What if the Fed actually were dumb enough to raise rates Wednesday – amidst the “worst global economy of our lifetimes”; and crashing worldwide financial markets – like commodities, junk bonds, currencies, and the majority of equities? In other words, the type of catastrophic conditions that typically cause it to reducerates?
And this, whilst the “dollar” is surging, putting a dagger in already
crashing corporate earnings, as competing Central banks – particularly,
the ECB and PBOC – are actively taking the “final currency war” thermonuclear? Not to mention, as the fraudulent – and at this point, comically transparent, “recovery” is already one of the weakest in U.S. history?
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What if the Fed actually were dumb enough to raise rates Wednesday – amidst the “worst global economy of our lifetimes”; and crashing worldwide financial markets – like commodities, junk bonds, currencies, and the majority of equities? In other words, the type of catastrophic conditions that typically cause it to reducerates?
And this, whilst the “dollar” is surging, putting a dagger in already
crashing corporate earnings, as competing Central banks – particularly,
the ECB and PBOC – are actively taking the “final currency war” thermonuclear? Not to mention, as the fraudulent – and at this point, comically transparent, “recovery” is already one of the weakest in U.S. history?Read More
from Ready Nutrition:
Many of you reading this are alive today because of antibiotics. It’s a marvel of the modern world that has given us so much life. But because of our abuse of antibiotics and regularly consuming dairy products and eat meat that were given antibiotics, bacteria are growing resistant and causing many of the “last resort” antibiotics to be less powerful than in years past. Inevitably, infections we used to easily treat will evolve and become resistant them. These “superbugs” now threaten to derail decades of medical progress – and no one will be safe in a post-antibiotic world.
Perhaps, the not-so-distant future is already upon us. Last month, a scientist discovered a gene resistant to colistin, an antibiotic of last resort. The mcr-1 gene has been found in coli bacteria among pigs, broiler meat and humans in China. The researchers from South China also found this resistance gene in E. coli and Klebsiella pneumonia isolates from 16 hospitalized patients’ blood, urine or other sites. The isolates were all very resistant ESBL bacteria to begin with, so now were resistant to all antibiotics.
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Many of you reading this are alive today because of antibiotics. It’s a marvel of the modern world that has given us so much life. But because of our abuse of antibiotics and regularly consuming dairy products and eat meat that were given antibiotics, bacteria are growing resistant and causing many of the “last resort” antibiotics to be less powerful than in years past. Inevitably, infections we used to easily treat will evolve and become resistant them. These “superbugs” now threaten to derail decades of medical progress – and no one will be safe in a post-antibiotic world.
Perhaps, the not-so-distant future is already upon us. Last month, a scientist discovered a gene resistant to colistin, an antibiotic of last resort. The mcr-1 gene has been found in coli bacteria among pigs, broiler meat and humans in China. The researchers from South China also found this resistance gene in E. coli and Klebsiella pneumonia isolates from 16 hospitalized patients’ blood, urine or other sites. The isolates were all very resistant ESBL bacteria to begin with, so now were resistant to all antibiotics.
Read More
by Mac Slavo, SHTFPlan:
In the aftermath of the San Bernardino massacre we noted that the available information at the time suggested that there were more people involved than just Farook and Malik. Though the FBI along with their mainstream mouthpiece were careful not to implicate Islamic terrorists and instead chose to refer to the incident as an act of “workplace violence,” The Daily Sheeple reported within hours that police scanners identified one of the suspects as a male of middle eastern descent.
As more information became available it became clear that the attack was inspired by the Islamic State, that more people were likely involved and that the intent here was premeditated Jihad. We made a similar assessment following the Parisian attacks, noting that unbridled immigration into the European Union meant that scores of terrorists were likely hiding among the migrants. That assessment has now been confirmed, as within the last 24 hours authorities in Switzerland arrested two Syrian passport holders for the transportation of explosives and toxic gases. Moreover, their counterparts in France last week seized “a lot” of war-grade weapons during raids on mosques and residences.
Read More
In the aftermath of the San Bernardino massacre we noted that the available information at the time suggested that there were more people involved than just Farook and Malik. Though the FBI along with their mainstream mouthpiece were careful not to implicate Islamic terrorists and instead chose to refer to the incident as an act of “workplace violence,” The Daily Sheeple reported within hours that police scanners identified one of the suspects as a male of middle eastern descent.
As more information became available it became clear that the attack was inspired by the Islamic State, that more people were likely involved and that the intent here was premeditated Jihad. We made a similar assessment following the Parisian attacks, noting that unbridled immigration into the European Union meant that scores of terrorists were likely hiding among the migrants. That assessment has now been confirmed, as within the last 24 hours authorities in Switzerland arrested two Syrian passport holders for the transportation of explosives and toxic gases. Moreover, their counterparts in France last week seized “a lot” of war-grade weapons during raids on mosques and residences.
Read More
from Spiro:
State Senator Kemp Hannon, the author of the recently passed law that will require all seventh and twelfth graders in the state to get meningitis shots, has been caught taking large bribes from pharmaceutical and health companies
State Senator Kemp Hannon, the author of the recently passed law that will require all seventh and twelfth graders in the state to get meningitis shots, has been caught taking large bribes from pharmaceutical and health companies
by Jeff Nielson, Sprott Money:
Part I of this series explained how most of what we call “banking,” and in particular “fractional-reserve banking,” is inherently criminal and fraudulent. What the banks call “business” would be a crime if perpetrated by any other entity in our societies.
Part II of this series noted how after the Big Banks blew up our financial system in 2008 (with their reckless gambling and systemic frauds), both the Big Banks and our corrupt governments promised “never again.” They agreed to reduce the insane “leverage ratio” (i.e. fraud ratio) of the Big Banks back to quasi-reasonable proportions.
Read More
Part I of this series explained how most of what we call “banking,” and in particular “fractional-reserve banking,” is inherently criminal and fraudulent. What the banks call “business” would be a crime if perpetrated by any other entity in our societies.
Part II of this series noted how after the Big Banks blew up our financial system in 2008 (with their reckless gambling and systemic frauds), both the Big Banks and our corrupt governments promised “never again.” They agreed to reduce the insane “leverage ratio” (i.e. fraud ratio) of the Big Banks back to quasi-reasonable proportions.
Read More
by John Hussman, The Burning Platform:
Janet Yellen will increase interest rates for the first time in nine
years on Wednesday. She isn’t raising them because the economy is
strengthening. The economy just happens to be weakening rapidly, as
global recession takes hold. The stock market is 3% lower than it was in
December 2014, and has basically done nothing since the end of QE3.
Wall Street is throwing a hissy fit to try and stop Janet from boosting
rates by an inconsequential .25%. Janet would prefer not to raise rates,
but the credibility and reputation of her bubble blowing machine is at
stake. The Fed has enriched their Wall Street benefactors over the last
six years, while destroying the real economy and the middle class.
The quarter point increase will be reversed in short order as soon as we experience market collapse part two.
Read More
Janet Yellen will increase interest rates for the first time in nine
years on Wednesday. She isn’t raising them because the economy is
strengthening. The economy just happens to be weakening rapidly, as
global recession takes hold. The stock market is 3% lower than it was in
December 2014, and has basically done nothing since the end of QE3.
Wall Street is throwing a hissy fit to try and stop Janet from boosting
rates by an inconsequential .25%. Janet would prefer not to raise rates,
but the credibility and reputation of her bubble blowing machine is at
stake. The Fed has enriched their Wall Street benefactors over the last
six years, while destroying the real economy and the middle class.The quarter point increase will be reversed in short order as soon as we experience market collapse part two.
Read More
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