Carl Icahn Warns "Meltdown In High Yield Is Just Beginning"

Submitted by Tyler Durden on 12/11/2015 - 12:37
Amid the biggest weekly collapse in high-yield bonds since March 2009, Carl Icahn gently reminds investors that he saw this coming... and that it's only just getting started!

Mystery "You Know It's A Top When" Chart Of The Day

Presented with no comment...

Caught On Tape: Ukraine Premier Assaulted In Parliament

Submitted by Tyler Durden on 12/11/2015 - 10:36 You can't make this up...

What China's Stunning Announcement Means: Expect Much More Yuan Devaluation

What the PBOC's unexpected announcement means, is that for anyone who thought the Yuan devaluation is over, now that the currency is at the lowest level relative to the dollar since 2011, the reality is that the devaluation relatively to everyone else is only just starting.

The Least Surprising Stat Of The Week: Corporate Insiders Are Dumping Their Stock

Submitted by Tyler Durden on 12/11/2015 - 12:05 Here’s one for the "actions speak louder than words" file: Investment research firm TrimTabs reported on Wednesday that insider selling reached $7.6 billion for the month of November, the fourth-highest monthly level on record.

Junk Bond Prices Tumble To 2009 Levels

Submitted by Tyler Durden on 12/11/2015 - 11:42 With the biggest single-day drop in over 4 years, US High-Yield bond prices have collapsed to their lowest levels since July 2009. Crucially, it's not just energy companies as the painful illqiuidty has careened across the entire space, not helped by fund liquidations and the biggest outflows since August 2014.

Putin Orders Military To "Immediately Destroy" Any Threat To Russian Forces

Submitted by Tyler Durden on 12/11/2015 - 11:26 Russian President Vladimir Putin has ratcheted up the rhetoric in what appears to be one step closer to the potential for direct conflict with The West. While not detailing 'who' he was focued on, amid the obvious Turkey-Russia tensions, Putin told a session of the Defense Ministry's collegium that "I order to act extremely tough. Any targets that threaten Russian forces or our infrastructure on the ground should be immediately destroyed."

Venezuela Oil Prices Crashes To 2004 Lows

Submitted by Tyler Durden on 12/11/2015 - 11:25 Putting the 'mad' in Maduro. Venezuela's heavy crude oil price just crashed almost 9% to $31.24... its lowest since December 2004. Time for another 'swap' with China?

Living A Lie

Submitted by Tyler Durden on 12/11/2015 - 11:21 The lies we tell ourselves are only exceeded by the lies perpetrated by those controlling the levers of our society. The country has been living a Big Lie since the day Nixon closed the gold window in 1971, eliminating any vestiges of constraint upon central bankers and politicians.

Peso Pounded To Record Lows

Submitted by Tyler Durden on 12/11/2015 - 11:09 Time to go to Tijuana for Christmas vacations? The Mexican Peso just collapsed to all-time record lows against the US Dollar...

Goldman Takes Aim At This "Superstar" Bond Manager, Hinting He Could Be The Next "Third Avenue"

Submitted by Tyler Durden on 12/11/2015 - 10:58 "Templeton Global Bond ($100bn in total; $59bn in mutual funds) – BEN’s largest fixed income fund – has seen meaningful outflows YTD (-$7.6bn from retail; -13% annualized rate) and could persist given the deterioration in excess performance (-460bps vs. benchmark YTD)."

How Peak Debt Constrains The Fed From Moving Rates Higher

Submitted by Tyler Durden on 12/11/2015 - 10:31 As soon as the Fed moves money market rates upwards, unproductive parts of the economy will come under severe strain which in turn sets in motion recessionary forces prompting the Fed to reverse course. The only way out is to realize that the world is awash in mal-invested capital that need to be written off. Since that is inconceivable for today’s vested interests, the way forward will be further “Japanification” of the global economy. And this time we are all out of arrows.

"It's Clearly Time For A Rate Hike"

Submitted by Tyler Durden on 12/11/2015 - 10:17 Clearly the time for a rate hike that "boosts confidence in the economy" has come....

Middle East Tensions Continue to Mount, Trump Still On Top, Some Mosques Teach Jihad

from Greg Hunter:

Russia continues to attack ISIS and continues to ramp up the rhetoric. Vladimir Putin said that the new missiles fired from subs in the Mediterranean Sea were “highly effective, high-precision weapons that can be equipped either with conventional or special nuclear warheads.”
Putin added, “I hope we will never need it.” Is he serious or playing a mind game with the west? Who knows, but it is certainly a veiled threat of nuclear war in the Middle East.
Meanwhile, fresh off shooting down a Russian fighter jet, NATO member Turkey has sent troops into Iraq. The Iraqis are protesting this at the UN. The U.S. Congress is proposing bipartisan legislation to authorize military force against ISIS. It would expire in three years. There are already 3,500 troops in Iraq. The vote is going to be a close one on the use of more force in Iraq.

WW3: Deteriorating Fundamentals

NOTE: Please subscribe to Waldemar’s excellent channel! ~SGT
from Verify Events Research:

Episode 10: In this short presentation we summarize major new developments in the Middle East and identify new trends so that we can connect some dots and extrapolate into the future to anticipate what is next for WW3. We discuss Putin strategies, recent hardware, political and military dissenters in the news and troops deployments, western collapsing lies and leaked western plans to deploy 100,000 ground troops! Iraq, Afghanistan, Syria, Iran and other countries are finally awake and are requesting Russian help!

Former US Defense Secretary Warns Of Potential Nuclear Armageddon

from The Sleuth Journal:

William Perry served as Clinton’s defense secretary from 1994 – 1997, currently the Nuclear Risk Reduction and Preventive Defense Project co-director.
Paul Craig Roberts posted Sputnik News report on Perry’s warning about reckless US policy, heading things toward a possible “nuclear apocalypse.”
Roberts, myself and others warn often about reckless US policymakers risking possible nuclear war with Russia and/or China. Their rage for unchallenged global dominance may kill us all.
Read More

El Chapo Just Found Out What ISIS Was Doing, Takes Matters Into His Own Hands–‘Your God Cannot Save You…’

from Western Journalism:

In a contest where it is hard to find a side to root for, news reports now say that notorious drug cartel kingpin Joaquín “El Chapo” Guzmán is sick and tired of the ISIS terror group interfering with his drug business and is now declaring war on the terror outfit.
Inside sources say that El Chapo, whose full name is Joaquín Archivaldo Guzmán Loera, is now setting his not-inconsiderable resources against ISIS because the terror group has been interdicting his shipments of drugs going into and out of the Middle East.
According to CartelBlog, a site that tracks drug cartel news, El Chapo has sent a warning to ISIS that he is about to go to war against them for their constant interference with his drug empire.
Read More

Hillary says the families of the Benghazi dead are liars

by Dr. John, Flopping Aces:
It was nearly twenty years ago. William Safire had her pegged. He said Hillary Clinton was a “congenital liar.”
Americans of all political persuasions are coming to the sad realization that our First Lady — a woman of undoubted talents who was a role model for many in her generation — is a congenital liar.
Drip by drip, like Whitewater torture, the case is being made that she is compelled to mislead, and to ensnare her subordinates and friends in a web of deceit.
Read More

Fukushima News: “Red Alert! Sharp Increase In Radiation At Fukushima”

from MissinSky101:

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