"France Is At War": Hollande Unleashes 2nd Day Of ISIS Strikes, Mobilizes 115,000, Moves To Change Constitution

For the second straight day, France hit ISIS "targets" in Raqqa while domestic security personnel conducted more than 120 fresh raids across the country in a frantic effort to head off further attacks. Meanwhile, President Hollande is making a bid to change the constitution in what some are billing as a French "Patriot Act."

Emergency Drills Took Place on Morning of Paris Terror Attacks: Report

by Brandon Turbeville, Activist Post:
Two days after the Paris massacre more evidence is beginning to emerge suggesting that the attacks may indeed have been an operation designed by Western intelligence agencies for the purpose for ginning up support for more Western intervention in Syria.
One such example is an interview given by Patrick Pelloux, an emergency medical services specialist and one of the first responders in the Paris attacks. Pelloux spoke to the radio station France Info and has apparently confirmed that an emergency drill was ongoing during the morning of the same day as the attacks. The source for the interview is contained in a video with the French language broadcast with English subtitles. The translation has Pelloux stating that, “as luck would have it, in the morning at the Paris SMAU (EMT), a multi-site attack exercise had been planned so we were prepared. What needs to be known is there was a mobilization of police forces, firemen, EMTs, associations who came [to participate] and we tried to save as many people as possible.”
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Worst Economic Impact Still To Come, Fed's Fischer Warns As Dollar Soars To 12-Year Highs

The Trade-Weighted US Dollar has risen almost 19% over the past 18 months - the fastest pace of increase on record - and is now at its highest level since 2003. As we noted previously, this is not unequivocally good for American corporate profits... and if you believe The Fed's Stan Fischer - the worst effects of this soaring exchange rate are yet to come... Most of the impact of exchange rate moves come after that first year. So we’re only just getting into the business end of the impact of the dollar’s strength on the US economy. And the Fed are about to hike?

Why The Status Quo Is Doomed, Part 1

The current world-system (call it whatever you like--cartel-crony neoliberal-state capitalism, etc.) is as doomed as the Titanic, for the same reasons: the design of the system is the source of its failure.

Explosion, Fire Reported At Chinese Chemical Factory (Again)

Count us incredulous at this point (and we're sure we aren't the only ones), but it looks as there has been yet another explosion at a Chinese chemical facility, this time in Liaoning.

Economic Theory Meets Main Street Reality

While there are many that continue to dismiss individual "economic data points" in order to promote a "bullish bias" for the equity markets, it is more important to accumulate the "weight of evidence." The rising inventory levels, weak consumption, and plunging imports all suggest that the domestic consumer is much weaker than currently believed. The last time this combination of data points collided was just prior to the start of the last recession. But then again, this is where "economic theory" collides with "Main Street realities." Place your bets carefully.

Goldman Closes Out Its Top Trade For 2015 Which Expires Out Of The Money

"Today we close our last remaining Top Trade recommendation to be short EUR/$ via a 1.00 – 0.95 put spread (initially struck at 1.20-1.15 with spot at 1.25), which expires out of the money incurring a loss of premium."

Homebuilder Sentiment Drops For First Time In 6 Months

Despite plunges in new and pending home sales (current) and lumber prices (forward-looking), Homebuilder Sentiment surged in October to its highest in over 10 years. November appears to be ushering in some sense of reality check. Having revised up October to 65 (from 64), November saw sentiment drop to 62 - the first drop since May. The Southern and Midwest regions saw overall drops in sentiment as The West rose to new cycle highs. Both current and future sales expectations dropped notably but - despite all the blather about weather - prospective buyer traffic rose to its highest since October 2005!

Beware Buying Crude: Oil Storage Is "Increasingly Full"

If you follow geopolitics and the oil market (and really, you can’t follow the latter without following the former) you might be wondering whether the tragedy that took place in Paris last Friday may be enough to override the fundamentals for a while. As it turns out, even the start of a global conflict may not be enough to spark a sustained upturn when only around 47-m bbls of available ex-US commercial storage remain.

Stocks Open Weak... And The Options Market Breaks

Dennis Gartman No Longer Bearish; Is Shocked That Terrorism Is Bullish, Covers Shorts

"Apparently terrorist attacks are supportive of stocks… apparently! We have been wrong in times past, and we have been wrong badly before, but we cannot recall every having been as wrong as we were yesterday for we were certain that terrorism is a bad thing for equity investment... We were clearly and obviously wrong, and when wrong the only possible action to take is to get less wrong; to cover that which had been done and to retreat to the sidelines." - Dennis Gartman

Oil Ain't Buying It

Yesterday's surge-pricing in US equities driven tick-for-tick by a remarkable rip in WTI crude prices (as despite 3 billion barrels of excess inventory, decided to rip on Mid-East war tensions) appears to be losing its anchor. Once again, USDJPY 123.00 will be all that matters...

US Industrial Production Growth Slumps To Weakest Since January 2010

Following September's 0.2% MoM drop, October's Industrial Production dropped a further 0.2% (missing expectations of a 0.1% rise by a mile). This is the 9th MoM drop in the 10 months of this year. Utilities (-2.5%) and Mining (-1.5%) were big drivers, as year-over-year, IP rose just 0.34% - the weakest growth since January 2010 - is flashing recessionary signals loud and clear.

Turkey Warned France Twice About Terrorist Attacker; Was Ignored

The Turkish authorities warned their French counterparts twice in the past year about one of the attackers, Ismaël Omar Mostefaï, a 29-year-old French citizen who was known by the authorities as someone who had radical Islamist beliefs, an official said on Monday. The official, speaking on the condition of anonymity, in line with government protocol, said the government never heard back from France and only received an “information request” about Mr. Mostefaï after the Paris attacks.

Thanks Janet - The Cost Of 'Renting' In America Is Rising At Its Fastest Pace In 8 Years

The cost of 'living' in America in anything but a cardboard box under an overpass is rising at its fastest rate in 8 years. Both overall "shelter" and "rent" inflation are running at their hottest pace of the 'recovery'... and this is happening as wage growth remains stagnant despite the promises that any minute now it will rise. Well done Janet...

Healthcare & Housing Cost Surge Sparks Biggest Rise In Core Consumer Prices Rise In 16 Months

Submitted by Tyler Durden on 11/17/2015 - 08:44 Following September's strongest Core CPI gain since June 2014, October accelerated that modestly with CPI ex food and energy rising 1.9% YoY. Broad CPI rose 0.2% YoY (slightly better than the 0.1% expected rise) - the highest sicne December. Month-over-month saw new and used vehicle prices drop, Apparel prices drop 0.8% (most since Dec 2014), PCs drop 0.9%, but was notably offset by the bigger-weighting in Medical Care which rose 0.7% MoM (3.0% YoY) and Shelter rose 3.2% YoY.

US Mint Authorized Dealers Report Silver Eagle Demand SURGED Again on Monday

from Silver Doctors:
A Low $14 futures price of silver combined with this weekend’s world changing tragic events in Paris appear to have ignited another run on physical precious metals…
Authorized Purchasers of US Silver Eagles and the largest gold and silver wholesalers reported massive physical demand for silver on Monday, with multiple AP’s reporting sales have been “crazy“, with clients calling to take down 50,000 – 100,000 Silver Eagles at a time.
In response, Silver Eagle as well as Silver Maple premiums – which had been declining for the past 4-6 weeks- have jumped multiple times intra-day on the wholesale market.
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Markets Say ‘Paris Attack’ Was False-Flag Event

For every action, there is an equal and opposite reaction. – Newton’s Third Law of Motion
by Jeff Nielson, Bullion Bulls Canada:
Newton’s “Third Law” is a principle of physics, not a statement on the dynamics of human interaction. However, while human behavior is far less precise than the rigid laws of physics, we approximate this law. Actions have consequences.
Paris was “attacked” by “terrorists”, so says every single outlet of the Western media, at maximum decibels, over and over and over. So where is the reaction? Where are the consequences?
Supposedly, the terrorist Boogeymen labeled as “ISIS” have scored a great victory. If not, why is the Western media shrieking its Chicken Little wailing, like a choir-of-the-Damned? So where is the reaction to the supposed “blow” delivered by ISIS, as reflected in our markets?
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IMF Ready To Accept The Chinese Yuan Into The SDR Basket To Challenge The Dollar

from X22 Report:

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