The Big Short: "Every American Should See This Movie & Be F##king Pissed Off"

Submitted by Tyler Durden on 12/23/2015 - 14:45
"This is a dangerous movie for Wall Street, the government, and the establishment in general. They count on the complexity of Wall Street to confuse the average person and make their eyes glaze over. That makes it easier for them to keep committing fraud and harvesting the nation’s wealth. This movie cuts through the crap and reveals those in power to be corrupt, greedy weasels who aren’t really as smart as they want you to think they are. The finale of the movie is sobering and infuriating."

Buyback Bloodbath & Beyond: How BBBY Lost $1.7 Billion Buying Back Its Own Stock

Submitted by Tyler Durden on 12/23/2015 - 15:04 Now we know precisely why management, not just BBBY's but every other company, was so eager to engage in record buybacks. Without them, the stock would have been at today's price long, long ago.How many buybacks? The chart below shows the average buyback price since the last time BBBY traded at $49. The answer: $67.44.

Assad: Europe, Turkey, Qatar, And Saudi Arabia Made Syria A "Hotbed Of Terror"

Submitted by Tyler Durden on 12/23/2015 - 14:31 "Many Europeans have sold their values ??against petrodollars.You have Wahhabi organizations from Saudi Arabia allowed to bring their dark and extremist ideology to Europe. Therefore from there terrorists now are exported to us. We have no export, all came to Syria and then go back to Europe.The three criminals who are responsible for the attacks in Paris have all lived in Europe and not in Syria."

Drone Captures Dramatic Aftermath Of Massive Shenzhen Landslide And Rescue Effort

Submitted by Tyler Durden on 12/23/2015 - 14:16 Any other time, the following video would be a ringing, if comical, endorsement of Keynesian economics: build it up just to tear it down again, and then build it back up again.

The Dollar Shortage Has Arrived: Africa Runs Out Of Dollars

Submitted by Tyler Durden on 12/23/2015 - 13:58 In an unexpected turn of events, the disappearance of not just synthetic but very physical dollars has hit one region much harder and much faster than we expected. Africa.

A Christmas 'Safe-Space' - Cornell Bans Menorahs, Crosses, & Mistletoe

Submitted by Tyler Durden on 12/23/2015 - 13:40 Happy Holidays from the 'friendly' micro-aggressives at Cornell...

Trump "Schlongs" Competition As Lead Over Ted Cruz Surges To 21%

Submitted by Tyler Durden on 12/23/2015 - 13:40 As the status-quo-sponsored mainstream media continues to desperately try to point out all of Donald Trump's flaws (and apparently wash over all of Hillary's), the actual electorate appears unimpressed by their efforts. Despite "Schlong-gate" (more press), the latest poll from CNN/ORN shows The Donald adding 3 more points since the last debate to 39% of Republicans, with Ted Cruz a distant second at 18%.

These Are The Junk Bond Trades That "Obliterated" Traders In 2015

Submitted by Tyler Durden on 12/23/2015 - 13:20 When the word 'bloodbath' just doesn't quite sum it up, distressed debt investors's bonuses have been obliterated in 2015. Despite seeking safety away from oil and coal companies, one trader exclaimed, the pain is "like cancer, it's spreading throughout the body," as every industry from materials to retail and industrials has collapsed... though, as Bloomberg reports, some investments stood out in their awfulness.

Crude Slips Despite Resumption Of Oil Rig Count Declines

Submitted by Tyler Durden on 12/23/2015 - 13:07 After a surprise surge last week, the US oil rig count resumed its decline this week (dropping 3 to 538). Gas rigs dropped 6 in the last week (as the Nattie glut continues). Crude oil prices fell very modestly on the rig count data (having run stops to FOMC day gaps).

Is This The Secret Behind Santa's Rally?

Submitted by Tyler Durden on 12/23/2015 - 13:00 We exposed the ugly truth below the surface of Santa's rally yesterday, but today it just got even more fantastical...

The Keynesian Recovery Meme Is About To Get Mugged, Part 2

Submitted by Tyler Durden on 12/23/2015 - 12:42 At the end of the day, the Fed led central bank money printing spree of the past two decades resulted in what is functionally a massive dollar short. Once the Fed stopped expanding its balance sheet when QE officially ended in October 2014, it was only a matter of time before all the “near-dollars” of the world would come under enormous downward pressure in the FX markets. Our Keynesian witch doctors believe that sinking currencies are a wonderful thing, of course. They claim making your country poorer is a good way to stimulate export growth and a virtuous cycle of spending and growth. But there is another thing. It is also a good way to generate capital flight and the ensuing chaos that creates.

"Mission Accomplished" - S&P 500 Soars Back To Unchanged For 2015

Now what?

Nike - Just Don't It

Maybe it's the "Ex-FX" lack of transparency? Maybe it's the 'taking profits' on the year's biggest winners? Or maybe it's the 32x P/E multiple.. But Nike has gone from hero to zero overnight...

The Most Profitable Work Will Be Automated: The Rest Will Be Left to Us

Submitted by Tyler Durden on 12/23/2015 - 12:01 We need a new system. A new system is self-organizing before our eyes. We just have to stop obstructing its rise and start facilitating its expansion in self-evident ways. The model of expecting global corporations and Big Government to solve the scarcity of paid work is broken.

Atlanta Fed Q4 GDP Forecast Tumbles To Lowest Yet, Sliding To 1.3%

Submitted by Tyler Durden on 12/23/2015 - 11:21 According to the just revealed latest forecast by the most accurate forecaster of GDP, the Atlanta Fed, with all the latest data in hand, the US economy is now estimated to have grown just 1.3% in the fourth quarter, down from 1.9%, and the lowest print it has had throughout the forecast period which started in late October.


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