Futures tumble and bond yields slide following news that Turkish F-16s have taken down a Russian Su-24 fighter jet near the Syria border. Russia confirms its plane was downed but claims the plane was over Syrian territory for the entire flight.
Russian Pilots Executed While Parachuting: Turkish Media
Submitted by Tyler Durden on 11/24/2015 - 09:17 If Putin was angry when Turkey shot down a Russian plane, which may or may not have crossed Turkish territory - reports on both sides are conflicting - he will be absolutely living to learn that, according to Turkey's Dogan News, the Russian pilots who had parachuted in an attempt to save their lives after the plane was shot down, had been executed while parachuting down by local rebels, which considering the video released earlier belonged to the Free Syrian Army, are same "rebels" who are funded directly by the CIA.
Putin Accuses Turkey Of "Backstabbing", Funding ISIS, Sees "Serious Consequences" To Ties
Submitted by Tyler Durden on 11/24/2015 - 08:06 PUTIN SAYS LOSS OF RUSSIAN WARPLANE TODAY DUE TO BACKSTABBINGPUTIN SAYS INCIDENT TO HAVE SERIOUS CONSQUENCES FOR TURKEY TIES
PUTIN: OIL FROM ISLAMIC STATE IS BEING SHIPPED TO TURKEY
PUTIN SAYS ISLAMIC STATE GETS CASH BY SELLING OIL TO TURKEY
Russian Search Helicopter Downed Near Syrian Border By US-Made Anti-Tank Missile, Rebels Claim
Submitted by Tyler Durden on 11/24/2015 - 08:16 Update: Alleged footage of the crash site inside."If the strike is confirmed, the TOW missile was most likely supplied through the same US and Turkey-backed logistics programme that has reportedly been supplying Alwiya al-Ashar."
Case-Shiller Home Prices Rise At Fastest Pace In 6 Months (Despite NAR Reporting Falling Prices)
Submitted by Tyler Durden on 11/24/2015 - 09:10 After 3 straight months of home price declines, August and now September have seen the usual seasonal pattern unfolding as Case-Shiller reports 0.61% rise in September (double the +0.3% expectations). Of course this runs in the face of NAR's 4 month decline in median home prices, but who's quibbling. Notably, 2015 is playing out almost exactly the same as 2014... winter is coming.Frontrunning: November 24
- Turkey downs Russian warplane near Syria border, Moscow denies airspace violation (Reuters)
- Investors seek safety in bonds, yen after Turkey downs Russian jet (Reuters)
- Donald Trump Is Not Backing Down (BBG)
- Uber's Exposure May Grow as U.S. Drivers Seek 57.5 Cents a Mile (BBG)
- U.S. issues global travel alert as manhunt continues for Paris attackers (Reuters)
- Stung by Oil, Distressed
Gold & Silver Surge Off Goldman's "Crucial Levels"
Submitted by Tyler Durden on 11/24/2015 - 08:47
Q3 GDP Revised Higher As Inventories Surge Again, Personal Consumption Disappoints
Submitted by Tyler Durden on 11/24/2015 - 08:43 A month ago the US economy was said to have grown only 1.5%, driven by a long-overdue and perhaps welcome correction to inventories. Moments ago we got the first revision to the Q3 GDP, which as consensus expected rose from 1.5% to 2.1%, however for all the wrong reasons because while personal consumption actually decline from a 3.2% increase, and a 2.19% contribution to the GDP bottom line, it is now said to have grown only 3.0%, adding 2.05% to the final GDP print.
Putin To Make Statement Over Downed Warplane: Live Webcast
Submitted by Tyler Durden on 11/24/2015 - 07:44 Everyone has been waiting to hear the official Russian response to the Turkish downing of a Russian warplane next the the Syria border. So here it is, straight form the horse's mouth: Vladimir Putin who is now speaking with the King of Jordan, is expected to make a statement over the downed plane.
Tiffany Tumbles After Missing EPS, Slashing Guidance; Blames Strong Dollar, "Volatile, Uncertain Conditions"
Submitted by Tyler Durden on 11/24/2015 - 07:25 Once upon a time, luxury jewelry retailer Tiffany was seen as the bellwether for the global market, however not so much in the New Paranormal when as a result of the company over-reliance on China, and a new focus on aspirational middle-class consumers, the stock had recently been trading at levels not seen in over two years. Things went from bad to worse this morning when the company reported its latest disappointing earning, in which it also slashed full year guidance, blaming a strong dollar, lower tourist spending, as well as "volatile, uncertain economic and market conditions in the U.S. and other regions."US-Backed Rebels Release Video Of Dead Russian Pilot
Submitted by Tyler Durden on 11/24/2015 - 07:04
Global Stocks Slide, Futures Drop After Turkey Shoots Down Russian Warplane
Submitted by Tyler Durden on 11/24/2015 - 06:47 It had been a relatively quiet session overnight when as reported previously, the geopolitical situation in the middle east changed dramatically in a moment, when NATO-member country Turkey downed a Russian fighter jet allegedly over Turkish territory even though the plane crashed in Syria, and whose pilots may have been captured by local rebel forces. The news promptly slammed Turkish assets and FX, sending the Lira tumbling, pushing lower European stocks and US equity futures while sending 2 Year German Bunds to record negative yields.
Can you Feel it?We’re now getting headline after headline of tension: tension between superpowers, tension in economic data, and tension in the markets. Since the financial crisis, for the last 7 years, the Fed has been a regular “MacGyver”, holding the global financial ponzi together with crazy glue and baling wire. They’ve pulled off some big stick saves, but it seems that gravity and inertia have finally caught up with them.
For over the weekend, the very nervous American and world markets received this surprise announcement:
Read More…
from EWAO:
If
there’s anything you read – or share – let this be it. The content of
this article has potential to radically shift the world in a variety of
positive ways.
And as Monsanto would love for this article to not go viral, all we can ask is that you share, share, share the information being presented so that it can reach as many people as possible.
In 2006, a patent was granted to a man named Paul Stamets. Though Paul is the world’s leading mycologist, his patent has received very little attention and exposure. Why is that? Stated by executives in the pesticide industry, this patent represents “the most disruptive technology we have ever witnessed.” And when the executives say disruptive, they are referring to it being disruptive to the chemical pesticides industry.
Read More
If
there’s anything you read – or share – let this be it. The content of
this article has potential to radically shift the world in a variety of
positive ways.And as Monsanto would love for this article to not go viral, all we can ask is that you share, share, share the information being presented so that it can reach as many people as possible.
In 2006, a patent was granted to a man named Paul Stamets. Though Paul is the world’s leading mycologist, his patent has received very little attention and exposure. Why is that? Stated by executives in the pesticide industry, this patent represents “the most disruptive technology we have ever witnessed.” And when the executives say disruptive, they are referring to it being disruptive to the chemical pesticides industry.
Read More
from Peter Schiff:
from RT:
The US Department of State issued a worldwide travel alert on Monday, warning travelers of the potential risks of terrorism posed by the Islamic State, Al-Qaeda, Boko Haram, and other unaffiliated individuals inspired by the groups.
The alert referenced previous threats made against “large sporting events, theaters, open markets, and aviation services” and cited attacks in France, Nigeria, Denmark, Turkey, and Mali during the past year, as well as the downed Russian airliner over Egypt.
Encouraging US citizens to “exercise vigilance,” the State Department stressed that the holiday season and holiday-related festivities would be targets, saying citizens should “follow the instructions of local authorities” and follow updates in the media when planning to travel, prepare for additional security screenings, to stay in touch with family in case of an emergency, and register with the department’s Smart Traveler Enrollment Program (STEP).
Read More
The US Department of State issued a worldwide travel alert on Monday, warning travelers of the potential risks of terrorism posed by the Islamic State, Al-Qaeda, Boko Haram, and other unaffiliated individuals inspired by the groups.
The alert referenced previous threats made against “large sporting events, theaters, open markets, and aviation services” and cited attacks in France, Nigeria, Denmark, Turkey, and Mali during the past year, as well as the downed Russian airliner over Egypt.
Encouraging US citizens to “exercise vigilance,” the State Department stressed that the holiday season and holiday-related festivities would be targets, saying citizens should “follow the instructions of local authorities” and follow updates in the media when planning to travel, prepare for additional security screenings, to stay in touch with family in case of an emergency, and register with the department’s Smart Traveler Enrollment Program (STEP).
Read More
from Wolf Street:
Resisting Monsanto, the world’s largest, most influential GMO giant, is an almost impossible task. The corporation boasts more back channels and revolving doors with national governments and regulators than just about any other company on the planet, not to mention a fearsome army of corporate lawyers and lobbyists.
Few countries are more aware of this fact than Mexico, where a small collective of activist groups, scientists, artists and gourmet chefs have been engaged in a titanic legal struggle with Monsanto. Although they keep winning crucial battles, the war is still likely to be won by Monsanto, thanks to one key weapon in its arsenal: the Trans-Pacific Partnership.
Read More
Resisting Monsanto, the world’s largest, most influential GMO giant, is an almost impossible task. The corporation boasts more back channels and revolving doors with national governments and regulators than just about any other company on the planet, not to mention a fearsome army of corporate lawyers and lobbyists.
Few countries are more aware of this fact than Mexico, where a small collective of activist groups, scientists, artists and gourmet chefs have been engaged in a titanic legal struggle with Monsanto. Although they keep winning crucial battles, the war is still likely to be won by Monsanto, thanks to one key weapon in its arsenal: the Trans-Pacific Partnership.
Read More
by Jeff Nielson, Sprott Money:
This is a commentary which should never have needed to be written.
What is euphemistically called “fractional-reserve banking” is obvious
fraud, and obvious crime. By its very definition; it transforms the
banking sector of an economy into a leveraged Ponzi-scheme, and as with
all Ponzi-schemes, there is no possible “happy ending” here.
Mathematically-based principles are often illustrated best through use of an extreme, numerical example. We have no need to construct any hypothetical extremes, however, when we already have real-life insanity, in our current monetary/regulatory framework.
Read More…
This is a commentary which should never have needed to be written.
What is euphemistically called “fractional-reserve banking” is obvious
fraud, and obvious crime. By its very definition; it transforms the
banking sector of an economy into a leveraged Ponzi-scheme, and as with
all Ponzi-schemes, there is no possible “happy ending” here.Mathematically-based principles are often illustrated best through use of an extreme, numerical example. We have no need to construct any hypothetical extremes, however, when we already have real-life insanity, in our current monetary/regulatory framework.
Read More…
from X22Report:
Filed under (unt
by Melanie Hunter CNSnews:
Sen. Dianne Feinstein (D-Calif.), the ranking Democrat on the Senate
Intelligence Committee, told CBS’s “Face the Nation” on Sunday that
encryption is “the Achilles’ heel in the Internet” when it comes to
tracking terrorists.
“[FBI] Director [James] Comey and I think [CIA Director] John Brennan would agree that the Achilles’ heel in the Internet is encryption, because there are now — it’s a black Web and there’s no way of piercing it. And it’s even in commercial products. PlayStation, John, which our kids use, if the two ends communicate, that’s encrypted,” said Feinstein. “So, terrorists could use PlayStation to be able to communicate, and there’s nothing that can be done about it.”
On July 8, CNN reported that Comey told a Senate panel in July that the Islamic State of Iraq and Syria (ISIS) used encrypted programs to evade detection by law enforcement. After the terrorist attacks in Paris, the New York Post quoted Belgian federal home affairs minister Jan Jambon on Nov. 16 as saying, “PlayStation 4 is even more difficult to keep track of than WhatsApp,” the cross-platform mobile messaging system for smartphones and BlackBerry devices.
Read More…
Sen. Dianne Feinstein (D-Calif.), the ranking Democrat on the Senate
Intelligence Committee, told CBS’s “Face the Nation” on Sunday that
encryption is “the Achilles’ heel in the Internet” when it comes to
tracking terrorists.“[FBI] Director [James] Comey and I think [CIA Director] John Brennan would agree that the Achilles’ heel in the Internet is encryption, because there are now — it’s a black Web and there’s no way of piercing it. And it’s even in commercial products. PlayStation, John, which our kids use, if the two ends communicate, that’s encrypted,” said Feinstein. “So, terrorists could use PlayStation to be able to communicate, and there’s nothing that can be done about it.”
On July 8, CNN reported that Comey told a Senate panel in July that the Islamic State of Iraq and Syria (ISIS) used encrypted programs to evade detection by law enforcement. After the terrorist attacks in Paris, the New York Post quoted Belgian federal home affairs minister Jan Jambon on Nov. 16 as saying, “PlayStation 4 is even more difficult to keep track of than WhatsApp,” the cross-platform mobile messaging system for smartphones and BlackBerry devices.
Read More…
/
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