Sweden: "No Apartments, No Jobs, No Shopping Without A Gun"

"I am scared stiff of what is happening in this country. What will the government do about this?"

The Elite are Preparing — Economist Magazine Forewarnings For Final Month of 2015

from BPEarthWatch:

Morgan Stanley To Cull 25% Of Fixed Income Jobs Within 2 Weeks As Revenues Plunge

Submitted by Tyler Durden on 11/30/2015 - 11:58 Stiffer capital rules, a slump in client transactions and a shift toward electronic trading have crimped margins in key fixed-income markets, pushing banks to pull back and eliminate staff... and amid a 42% collapse in fixed-income revenue in Q3, Morgan Stanley is taking action:
*MORGAN STANLEY SAID TO PLAN FIXED-INCOME JOB CUTS OF UP TO 25%
The cuts are said to be worldwide and will happen with two weeks (just in time to watch the carnage unleashed by The Fed).

Putin Says Has More Proof ISIS Oil Routed Through Turkey, After Erdogan Slams Claim

Submitted by Tyler Durden on 11/30/2015 - 14:38 "At the moment we have received additional information confirming that that oil from the deposits controlled by Islamic State militants enters Turkish territory on industrial scale."

Another Hedge Fund Bites The Dust: Trafigura Shuts Down Its Flagship Metals Fund

Submitted by Tyler Durden on 11/30/2015 - 14:17 While the storm clouds continue to build above Trafigura, we now know the fate of Galena and why its CEO Letchford departed the company in a hurry last week: according to a follow up from Bloomberg, Trafigura has decided to close the flagship Galena Metals Fund, the latest hedge fund victim of the rout in raw materials markets from oil to copper.

Market Panics After Arrest Of Brazilian Lawmaker: "Never Have We Had So Little Certainty About Tomorrow"

Submitted by Tyler Durden on 11/30/2015 - 13:58 Last week's arrest of Latin America's most prominent investment banker sent shares of BTG Pactual plunging as investors pulled a third of their money from the firm's fixed income funds. As shocking as Andre Esteves' detention most assuredly was, analysts say the real risk may stem from the investigation into Rousseff's "guy" in the Senate, Delcidio Amaral, who was also detained last Wednesday. As Bloomberg reports, Amaral's "arrest not only delayed government efforts to resolve this year’s budget dispute, but it also dispelled a long-held belief that sitting lawmakers are all but untouchable because of a quirk in Brazilian law that affords politicians special treatment in criminal investigations." 

When The Narrative Breaks

Submitted by Tyler Durden on 11/30/2015 - 13:36 A false capitalism reigns based on false capital - notional wealth where there is really no wealth; value where there is no value. Moments like this in history beat a path straight to currency collapse, and that will open the door to a greater collapse of all our familiar arrangements.

To JPM, This Is The Alarming Chart Suggesting The Next Recession "Is Just Around The Corner"

Submitted by Tyler Durden on 11/30/2015 - 13:15 "The US corporate financing gap – the difference between cash flow generation and spending on capex and dividends – has turned strongly negative. In the past, when the financing gap went strongly negative, the next downturn was just around the corner."

And The First To Admit Defeat In Currency Wars Is...

Submitted by Tyler Durden on 11/30/2015 - 12:55 S.AFRICA GOVERNOR KGANYAGO SAYS NO AMOUNT OF CENTRAL BANK INTERVENTION WOULD STEM MARKET-DRIVEN RAND MOVES.

More Energy Companies Accused Of Downplaying Climate Change

Submitted by Tyler Durden on 11/30/2015 - 12:42 Obviously, oil, gas, and coal companies are not going away (at least those not near bankruptcy), but low prices are not the only existential threat facing the industry. The political movement to act on climate change is picking up steam, and the legal case against ExxonMobil perfectly illustrates that growing threat.

Morgan Stanley Throws In The Permabullish Towel, Says It Is "Feeling Worse, But Not Sure Can Explain It""

Submitted by Tyler Durden on 11/30/2015 - 12:20 "We are lowering our 2015 S&P500 EPS estimate from $124 to $120.5. This is to both mark-to-market for weaker Q3 results and to reduce our estimates for January earnings. The consensus bottom-up number is roughly $119. This means we anticipate earnings growing just over 1% in 2015 year-over-year, not counting a net buyback of about 2.3%."

The IMF Confirms Yuan Inclusion In SDR Basket At 10.92% Weight, Above JPY And GBP

Submitted by Tyler Durden on 11/30/2015 - 12:03 The IMF’s Executive Board decision today means that the yuan will be included in the SDR basket from Oct. 1, 2016, effectively anointing the yuan as a major reserve currency and represents recognition that the yuan’s status is rising along with China’s place in global finance. The weight in the basket will be 10.92%, larger than JPY and GBP. However, as politically-motivated as this decision may have been, now comes the hard part for China.

Turkey Arrests Generals Who Stopped Syria-Bound, Weapons-Laden, Spook Trucks

Submitted by Tyler Durden on 11/30/2015 - 11:33

Internal Bleeding, Cheap Tech, And Falling Angels

Submitted by Tyler Durden on 11/30/2015 - 11:14 So what happens to a market that’s balanced precariously atop the shares of a handful of “must own” companies when those companies lose their halos? Historically, the previously-strong sectors join the rest in a broad sell-off.

Dollar powers ahead

by Alasdair Macleod, Gold Money:

Gold and silver prices continued to drift along close to recently established lows this week, showing some support at current levels.
Whether or not there is further weakness to come appears to be a reflection of dollar strength, and it should be noted that the dollar has recently broken into new high ground on a trade-weighted index of other currencies. This is shown in the next chart.
An obvious driver for the dollar is the prospect of the first rise in USD interest rates since the Lehman failure, at a time when other major central banks are contemplating further easing. This is affecting currency relationships as the chart shows, though it is quite likely that current dollar strength will reverse itself unexpectedly.
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China Buying Real Estate on MASSIVE Scale in U.S! See the Charts.

from The Money GPS:

Springfield Armory XDm Compact .40 S&W

from Survival Blog:

Make no mistake, I’m a huge fan of Springfield Armory firearms– all of them. When the XD handgun first came out, I picked one up; it was in .40S&W. At first appearance, it looked very much Glock-ish to my way of thinking. However, once home, I tore the gun down and examined it. While some of the parts look like Glock parts, none of them will interchange with a Glock. None!
Something very rare for me is to carry any one particular handgun for two years, which is what I did with the XD .40, only changing to a different gun when doing an article about it and then only carrying the different gun for a week or two.
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No More Refugees In Europe

from The Sleuth Journal:

European countries are being pushed to the limit in the refugee crisis and cannot receive more refugees. These were the last words from the French Prime Minister, Manuel Valls, who is now aiming for a strengthening of border checkpoints.
“We cannot accommodate more refugees in Europe, this is not possible,” he stressed in an interview with the German newspaper Sueddeutsche Zeitung, stressing that greater control of the external borders of Europe will determine the future of the EU.
“If we do not, people will say: Enough of Europe”, he warned.
The comments were published just hours before German Chancellor Angela Merkel met in Paris with French President Francois Hollande.
Read More

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