Student Kicked Out Of Class For Disagreeing That Trump Election Was As Bad As 9/11

"To the people comparing 11/9 to 9/11:  You are ignorant.  You are comparieng today to a day that killed thousands of people in MY HOME.  You are disrespectful, you are unintelligent and you should think before you post things on social media.  I am disgusted."

Japandemonium - Is Kuroda Losing Control Of JGB Market?

For the first time since February, 5Y JGB yields have spiked above BOJ policy rates (to -9.5bps), but despite a policy of maintaining 10Y yields and attempting to steepen the yield curve, it appears Kuroda and his cronies have lost control as the short-end of the Japanese bond market is collapsing.

Mayor Who Called Michelle Obama "Ape In Heels" Resigns

“It will be refreshing to have a classy, beautiful, dignified first lady back in the White House. I’m tired of seeing an ape in heels.”

President Obama Leaves Behind A Deplorable Civil Liberties Legacy

More disappointing than the Obama administration itself (which was very disappointing), were the seemingly endless hordes of fake liberals constantly justifying and making excuses for his well documented litany of civil liberties abuses.

"They're Buying Everything" - Stocks, Bonds, Oil Surge As VIX Tumbles To 13 Handle

Who's Behind The Portland Riots? 60% Of Arrested Anti-Trump Protesters Were From Out Of State, Didn't Vote

Two months ago, Charlotte police confirmed that 70% of those arrested during the riots were from out-of-state. 18 months before that, as the riots flared in Ferguson, George Soros spurred the protest movement through years of funding and mobilizing groups across the U.S., according to financial records reviewed by The Washington Times. And now, amid more headlines of Soros' involvement, KGW reports that more than half of the anti-Trump protesters arrested in Portland were from out of state.

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First India, Now Australia Should Abolish Big Bank-Notes According To UBS

Despite widespread chaos, bank runs,  tumbling currency, and economic uncertainty in India following its surprise announcement last week, UBS analysts think Australia should follow India’s lead and scrap its biggest bank notes, extending the war on cash further across the globe.

As The Yen Crashes, Here's Why "The Move Is Just Getting Started"

Japan’s massive debt burden will be increasingly more difficult to fund as risk-premiums rise. On the other hand, stagnant growth can’t cope with higher yields. Ultimately, the outlet for these contradictions will be yen depreciation.

Surge In Online Loan Defaults Sends Shockwaves Through The Industry

In a page taken right out of the CDO book of 2007, delinquencies and defaults on at least four different sets of bonds have reached the "triggers" points. Breaching those levels would force lenders or underwriters to start paying down the bonds early, redirecting cash from other uses such as lending and organic growth. According to Bloomberg, one company, Avant Inc. and its underwriters, will have to begin to repay three of its asset-backed notes, which have all breached trigger levels.

Peak Snowflake - Students, Professors Blast University Of Virginia Head For Quoting Thomas Jefferson

Snowflake university culture in America may have just hit peak safe-space stupidity.

Krugman Snaps, Tweets Trump Will Turn America Into "All Out Kleptocracy Like Russia Or Ukraine"

The Catastrophic Consequences Of Peak Oil Demand

With OPEC’s 2016 World Oil Outlook now grimly forecasting that peak oil demand could become a reality in just over a decade, and natural gas and renewables chomping at the bit to cannibalize commodity market growth, it may be good for the environment, but the trade-off will be global instability on a catastrophic level.

Donna Brazile Slams CNN, Blames Former Employer For "Ripping Me A New One"

Donna Brazile, the interim chair of the Democratic National Committee and former CNN contributor, went after her former employer at an event at a women’s college in Virginia Monday, blaming them for “ripping me a new one” instead of allowing her to defend herself after it was revealed she had tipped off Hillary Clinton to town hall questions.

Cable Jumps As Judge Warns Brexit Could Be Delayed 2 Years, Confirms "Referendum Not Binding On Parliament"

Having dipped below 1.24 this morning, Cable has spiked back above 1.25 after Sky News reports UK Supreme Court judge says Brexit could be delayed by up to 2 years.

Risk Parity Funds Are Crashing But RBC Warns 'Spillover Event' Hasn't Happened Yet

It's ugly out there in Risk-Parity (RP) fund land as losses on bonds outweigh gains on stocks as correlations normalize (and volatility drops) echo the plunges experienced during 2013's Taper Tantrum. However, as RBC notes, adjustments to the leverage mechanism with RP strategies means, despite the carnage already, we may not have seen the cross-asset-class spillover yet.

Death Threats & Other Market Signals

Prior to the election, investors didn’t believe there was much operating leverage available in corporate America.  Slow revenue growth, slow inflation, slow wage growth, slow earnings growth.  That was the recipe for next year. Now, expectations for better economic growth have markets scrambling to find companies with the operating leverage (read high fixed costs and high incremental margins) to show outsized earnings growth as a result.

Did President-Elect Trump Just Inadvertently Kill The Golden Goose?

President-Elect Trump may have just unwittingly sowed the seeds of an equity market draw-down which will send even more protesters into the streets of America.

Democratic Senator Introduces Bill To Abolish The Electoral College

U.S. Senator Barbara Boxer (D-CA) will introduce legislation when the Senate comes into session later today that would eliminate the Electoral College and determine the winner of presidential elections by the outcome of the popular vote.

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